Selena Gomez has officially entered the billionaire club at the age of 32, with her net worth now estimated at $1.3 billion. While Gomez is widely celebrated for her success in music, acting, and producing, the primary driver of her financial achievement is her beauty brand, Rare Beauty, launched in 2020. Rare Beauty emphasizes inclusivity and mental health awareness, with the brand’s success accounting for approximately 80% of her wealth. In 2023 alone, Rare Beauty generated over $350 million in revenue and has become a standout in the competitive beauty market.
In addition to Rare Beauty, Gomez has diversified her portfolio through investments in ventures such as Serendipity Brands and Wondermind, a mental health platform. She also continues to earn from acting, including her role in the hit Hulu series Only Murders in the Building, and lucrative endorsement deals with major brands like Coach and Puma.
Selena’s journey from Disney star to a self-made billionaire highlights her resilience, creativity, and business savvy. Rare Beauty’s philanthropic arm, the Rare Impact Fund, further reflects her dedication to making a positive impact, with a portion of sales supporting mental health initiatives .
This milestone cements Gomez’s position as one of the most influential figures in entertainment and business, inspiring millions worldwide.
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