Selena Gomez Reaches Billionaire Status

deadline.com:

Selena Gomez is taking her beauty brand all the way to the bank after five years. The Golden Globe nominee has reached billionaire status, according to a new report that finds her wealth has been largely driven by her Rare Beauty cosmetic brand, which she launched in 2019, as well as other ventures that leverage her 424 million Instagram followers.

With an estimated $1.3 billion worth, she’s now one of the country’s youngest female billionaires, Bloomberg reported Friday.

Rare Beauty makes up 81.4% of Gomez’s fortune. The value also takes into account her interest in the Wondermind mental health startup, the estimated value of her music album sales and real estate properties, as well as earnings from streaming deals, brand partnerships, concert tickets and acting.

Although Gomez’s last solo tour was 2016’s Revival Tour, and her last album was 2020’s Rare, she has remained busy as a star and executive producer on Only Murders in the Building, which was recently renewed for Season 5.