Selena Gomez, who joined the billionaire ranks at age 32 with a net worth of $1.3 billion, is now one of the youngest self-made female billionaires in the US, along with Taylor Swift, Kim Kardashian and Rihanna.
According to Bloomberg , Selena Gomez become one of the billionaire youngest self-made man in America. Net worth is $1.3 billion.
Part of the star's fortune Only Murders in the Building comes from singing, brand partnerships and acting. However, the majority of her wealth comes from the Rare Beauty brand, which Selena founded in February 2019.
“Selena is more than just a pop star. She's a multi-faceted entrepreneur with multiple streams of income that contribute to her impressive net worth,” marketing expert Stacy Jones tells Forbes. CNN.
Along with her personal beauty brand, Selena Gomez's net worth comes from her investment in mental health platform Wondermind, her real estate portfolio, her music and acting earnings, and her social media partnerships, including her 424 million-follower Instagram page.
The former Disney star is the third most followed star in the world, behind soccer icons Cristiano Ronaldo (638 million) and Lionel Messi (504 million). She has a $30 million endorsement deal with Puma and a $10 million deal with Coach.
Selena's large following has helped her establish her own cosmetics brand, placing her in the celebrity makeup category currently dominated by Rihanna and the Kardashian family. Her cosmetics company is valued at $2 billion.
In 2020, Selena Gomez revealed that she has bipolar disorder. The singer said that any deal she signs "has to have a charitable or mental health component." She has launched the Rare Impact Foundation to raise $100 million to help people access health care services.
The former Disney child star's other sources of income include music and film royalties. In particular, income from five seasons of the show Only Murders in the Building on Hulu helps her pocket $6 million/season, according to Bloomberg.
Selena became famous at the age of 10 when she starred in the series Barney & Friends . Joining Disney, she built her reputation with the film The Wizards of Waverly Place , released many albums and singles that resonated like Lose you to love me, Love you like a love song, Hands to myself, Same old love, Good for you…
As a teenager, she had a nine-year relationship with pop star Justin Bieber. The two broke up several times before deciding to end it. A few months after the breakup, Justin registered his marriage with model Hailey Baldwin, while Selena's health is declining, suffering from lupus. Selena is currently in love with singer and music producer Benny Blanco - an old friend of Justin's.
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