Selena Gomez has officially entered the billionaire ranks, making her debut on the Bloomberg Billionaires Index with an estimated net worth of $1.3 billion. While the multi-talented star has been in the spotlight for years with her chart-topping music and acting career, it’s her venture into the beauty world that’s pushed her into billionaire territory.
Gomez’s beauty brand, Rare Beauty, is one of the key factors behind her financial success. The brand has gained massive popularity since its launch, championing inclusivity and self-expression, and has become a major player in the industry. Her stake in the company is now valued at hundreds of millions, making it her largest asset.
Surprisingly, music has played a smaller role in her fortune. While her singles have racked up streams and she’s no stranger to selling out arenas, touring and album sales account for just a fraction of her wealth. Unlike her close friend Taylor Swift, Gomez isn’t known for writing the majority of her own songs, which limits her royalties in the music industry. Additionally, she hasn’t embarked on a full-scale tour since 2016, when her Revival tour was cut short due to health issues, specifically linked to her lupus diagnosis.
Over the years, Selena has opened up about her struggles with mental health, addressing anxiety, depression, and her battle with lupus. Her candidness in sharing her journey has only deepened her connection with fans, who saw more of her personal side in the 2022 documentary My Mind & Me. In the film, she discusses hitting rock bottom and the importance of taking control of her mental health at her own pace.
Despite the challenges, Gomez’s career continues to thrive. She recently earned her first-ever Emmy nomination for her role in the hit series Only Murders in the Building, adding another achievement to her already impressive resume.
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