Singer Selena Gomez, 32, has a net worth of about $1.3 billion, thanks to the profits of the cosmetics company she founded.
On September 6, CNN reported that the American singer and actress entered the ranks of billionaires, according to a financial analysis report by Bloomberg. The figure is estimated based on her shares in cosmetics company Rare Beauty, mental health startup Wondermind, and her salary from acting and singing.
According to the report, 81.4% of the actress’s assets come from the profits of Rare Beauty, with skin care, makeup, and hair care products. The brand was launched in September 2020, named after the singer’s third album. Earlier this year, the brand was valued at more than $2 billion.
Advertising activities account for 6.9% of the singer’s assets. She has 424 million followers on Instagram, making her the third most followed person on the platform, after Cristiano Ronaldo (638 million) and Lionel Messi (504 million). Selena Gomez has a $30 million endorsement deal with Puma and a $10 million deal with Coach.
The former Disney star is paid $6 million per season for the series Only Murders in the Building, which is currently in its fifth season. The rest of her income comes from record sales, music licensing, touring, and real estate.
Before Selena Gomez, some artists who became billionaires included Taylor Swift, Rihanna, and Kim Kardashian.
Selena Gomez was known for her roles in Disney films before turning to singing. She appeared in TV shows like Wizards of Waverly Place and Barney & Friends. Her albums regularly top the Billboard charts. Some of Selena’s hits include Lose You to Love Me, Hands to Myself, and Good for You.
Rich and successful, the beauty has encountered many life changes. She had a kidney transplant in the summer of 2017 when her lupus had complications. The treatment had side effects that made Gomez gain weight and was often criticized for her appearance.
In the past, she and Justin Bieber broke up and got back together many times before ending their relationship in 2018. The relationship made both of them depressed, and they had to seek psychological help. After the breakup, Justin Bieber fell in love with Hailey Baldwin and quickly registered their marriage.
At the end of 2023, Selena Gomez publicly dated Benny Blanco – Justin Bieber’s old friend.