Selena Gomez has officially joined the billionaire club, with Bloomberg reporting Friday (Sep. 06, 2024) that the star's net worth has hit $1.3 billion.
The report credits most of Gomez's wealth to her Rare Beauty brand, launched in February 2019, alongside her acting and music careers.
Over 80% of her fortune comes from her majority stake in the makeup line, which has become a huge hit in the influencer world.
“Selena is not just a pop star,” marketing expert Stacy Jones told the outlet. “She's a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.”
Beyond her beauty empire, Gomez's billions also come from her Wondermind investment, real estate holdings, entertainment earnings, and brand partnerships.
Read more at Bloomberg
Plus, We're Here, Sergio Mendes, Shia LaBeouf, Travis Scott news, and more! Keep scrolling to check out today's entertainment and pop culture news.
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