Selena Gomez has reached billionaire status, with an estimated net worth of $1.3 billion, primarily from her successful beauty brand, Rare Beauty. Her wealth also stems from acting contracts, brand partnerships, and mental health ventures, making her one of the most influential figures in the entertainment industry.
American pop star Selena Gomez has officially entered the billionaire club, according to Bloomberg's Billionaires Index, with an estimated net worth of $1.3 billion. This impressive fortune is largely attributed to her beauty brand, Rare Beauty, which accounts for more than 80% of her wealth.
Gomez's financial success extends beyond her beauty brand, including lucrative acting contracts, brand partnerships, and ventures in mental health startups. She first gained fame as a child star in the 2000s, earning approximately $3 million for her role as Alex Russo in the Disney Channel series Wizards of Waverly Place from 2007 to 2012. She later transitioned into music, initially with the pop-rock group Selena Gomez & the Scene, and then as a solo artist.
With a massive following of 424 million on Instagram, she ranks just behind football legends Cristiano Ronaldo and Lionel Messi as one of the most followed individuals on the platform. Interestingly, despite her popularity, music tours have contributed less than 5% to her overall wealth, and she hasn't toured since 2016. The bulk of her fortune—around $1.1 billion—comes from her stake in Rare Beauty, highlighting her entrepreneurial spirit and ability to leverage her brand beyond the entertainment industry.
