American actress and singer, Selena Gomez, once known for her roles on “Barney” and Disney Channel shows, has recently achieved a new milestone: billionaire status.
According to BBC, the 32-year-old star’s wealth is now valued at $1.3 billion, according to Bloomberg, which added her to its billionaire index on Friday.
Gomez’s impressive fortune primarily stems from her successful makeup brand, Rare Beauty, which she founded five years ago. Bloomberg estimates that her stake in Rare Beauty is worth over $1 billion.
The brand, famous for its liquid blush and lip tint that have achieved viral popularity on social media, generated $400 million in net sales for the year ending in February.
In addition to her cosmetics empire, Gomez has earned tens of millions of dollars from endorsement deals with major brands such as Louis Vuitton, Coach, and Puma.
Bloomberg also reported that she earns “at least” $6 million per season for her role in the Emmy-nominated Hulu series “Only Murders in the Building,” which has been renewed for a fifth season.
Despite her significant earnings from acting and music—where she has received multiple Emmy and Grammy nominations—Bloomberg highlights that these accomplishments contribute only a fraction of her overall wealth.
Born in Texas, Gomez has been in the public eye for nearly 30 years. Her career has included personal challenges, including diagnoses of bipolar disorder and lupus, which she has openly discussed.
She has also shared her family’s journey from Mexico, including a story about her aunt being hidden in a truck during their migration.
Gomez’s social media presence is notable, with more than 424 million followers on Instagram, making her the most-followed woman on the platform.
This surpasses figures like Taylor Swift and Kylie Jenner, though Gomez has spoken about the negative impacts of social media on her mental health and has occasionally deleted her account.
On Friday, Gomez was quiet on Instagram as news of her new billionaire status spread.
Reflecting on her career’s longevity in a BBC1 interview nearly a decade ago, Gomez remarked, “It’s weird it’s almost two decades…am I too old?” She expressed a sense of ongoing ambition, stating, “You know what’s crazy, is that a lot of times I don’t even feel I’ve started.”
In a recent appearance at the Music + Health Summit presented by Universal Music Group and Thrive Global, Gomez was seen in a bright pink oversized suit with dangly gold earrings, seated in a cream chair with a potted banana plant beside her. Holding a microphone, she looked over her left shoulder, embodying her role as a prominent figure in both the entertainment and health advocacy spheres.
As the world tunes in to other events, like Afrobeats star Burna Boy’s performance at Glastonbury’s Pyramid Stage on Sunday, Gomez remains a focal point of both media and public attentiom
Her openness about her struggles, particularly with lupus, has been meaningful to many, including young people who find inspiration in her advocacy and visibility.
