Selena Gomez, who gained early fame as a child star on *Barney & Friends* and the Disney Channel, has now reached billionaire status. At 32 years old, the actress and singer has accumulated a fortune of $1.3 billion, according to a report from Bloomberg. The publication added Gomez to its billionaire index last Friday, attributing most of her wealth to the success of her cosmetics company, Rare Beauty.
Founded five years ago, Rare Beauty has grown into a powerhouse in the beauty industry, with the company valued at over $1 billion. Gomez’s stake in the brand has significantly contributed to her fortune, Bloomberg reports. The company is well-known for products such as liquid blushes and lip tints, which have gained widespread popularity on social media platforms. According to the report, Rare Beauty generated approximately $400 million in net sales in the year leading up to February.
The success of Rare Beauty has placed Gomez among the ranks of some of the world’s youngest female self-made billionaires. She now joins other prominent figures like Taylor Swift and Rihanna on the list. These women, who have also diversified their incomes through various business ventures, represent a growing trend of female celebrities achieving wealth through entrepreneurship.
Beyond her cosmetics line, Gomez has secured additional income streams through endorsement deals. Major brands such as Louis Vuitton, Coach, and Puma have tapped Gomez to represent their products, with these partnerships contributing tens of millions of dollars to her overall earnings. Bloomberg further noted that Gomez earns at least $6 million per season for her role in the popular Hulu series *Only Murders in the Building*. The show, which has received Emmy nominations, has recently been renewed for its fifth season, continuing to enhance her profile as a multifaceted entertainer.
Despite her various achievements in acting and music, Gomez’s wealth primarily stems from her business ventures rather than her entertainment career. Bloomberg emphasized that while she has received multiple nominations for both Emmy and Grammy Awards, her earnings from the entertainment industry make up only a minor portion of her overall fortune.
Gomez, originally from Texas, has been in the spotlight for nearly 30 years. She first captured public attention as a child and has continued to grow her career over the decades. However, this level of fame has also brought intense scrutiny, particularly regarding her personal life. Gomez has openly discussed her struggles with health issues, including a diagnosis of bipolar disorder and the autoimmune disease lupus. She has used her platform to raise awareness about mental health and has been candid about her experiences with these conditions.
In addition to her success in the entertainment and beauty industries, Gomez has shared personal stories about her family’s journey to the United States from Mexico. She has spoken about how her aunt made the crossing “hidden in the back of a truck,” and Gomez has also recorded music in Spanish to honor her heritage.
Social media has played a pivotal role in Gomez’s journey to stardom. Last year, she became the most-followed woman on Instagram, surpassing other notable figures such as Taylor Swift and Kylie Jenner. With over 424 million followers, Gomez holds the top spot on the platform. However, despite this massive online presence, she has openly criticized the impact of social media on mental health. She has, on several occasions, deleted her account due to the pressures of maintaining such a large following. Gomez has been vocal about the negative effects platforms like Instagram can have on self-esteem and mental well-being, especially for young users.
While news of her billionaire status broke, Gomez’s Instagram account remained unusually quiet. The star did not post any celebratory remarks or updates to her millions of followers. Her silence may be in line with her cautious approach to social media, where she has at times distanced herself from the constant spotlight it provides.
Gomez’s career has been remarkably long for someone of her age, spanning almost two decades. During an interview with BBC1 nearly a decade ago, Gomez reflected on her time in the industry, expressing surprise at the duration of her career. “It’s weird, it’s almost two decades… am I too old?” she joked at the time. But she also made it clear that she has much more she wants to accomplish. “You know what’s crazy, is that a lot of times I don’t even feel I’ve started,” she added, suggesting that her best work may still be ahead of her.
Her growing fortune and continued success suggest that Gomez is more than just an entertainer—she is a savvy businesswoman who has carefully diversified her career. With Rare Beauty booming and her acting career thriving, Gomez is proving that she can succeed in multiple arenas, cementing her status as one of the most influential and successful figures in both the entertainment and business worlds.
