AMERICAN pop star, Selena Gomez is now a billionaire, according to Bloomberg’s Billionaires Index.
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The actress, singer and entrepreneur amassed an estimated $1.3 billion fortune from her Rare Beauty brand to music and hit shows.
According to the publication, more than 80% of Gomez’s net worth derives from her stake in Rare Beauty Brand Inc.
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Brand partnerships, acting deals and mental-health startups also contributed to her wealth.
Gomez came into the spotlight as a child star in the 2000s. She reportedly made around $3 million for her role as Alex Russo in the Disney Channel’s Wizards of Waverly Place from 2007 to 2012.
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She then launched a music career, first with the pop-rock band Selena Gomez & the Scene and then as a solo artist.
With 424 million followers, Gomez is behind only football icons Cristiano Ronaldo and Lionel Messi as the most popular person on Instagram.
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Music tours only accounted for less than 5% of Gomez’s wealth, with album and record sales less than 2%. She hasn’t toured since 2016.
Most of Gomez’s fortune — roughly $1.1 billion — comes from her stake in Rare Beauty.
