Selena Gomez has officially joined the ranks of the youngest billionaires, thanks to the overwhelming success of her beauty brand, Rare Beauty. The brand, launched in 2019, has significantly contributed to her estimated net worth of $1.3 billion.

Key Takeaways

  • Rare Beauty accounts for 81.4% of Selena Gomez’s net worth.
  • Gomez’s net worth is estimated at $1.3 billion.
  • She is one of the youngest female billionaires in the United States.

The Rise of Rare Beauty

Rare Beauty, launched in 2019, has been a game-changer for Selena Gomez. The brand’s success is evident as it accounts for a staggering 81.4% of her overall net worth. This achievement has positioned Gomez as one of the youngest female billionaires in the United States.

Diverse Income Streams

While Rare Beauty is a significant contributor, Gomez’s wealth is diversified. Her financial portfolio includes:

  • Mental Health Start-Up: Stake in Wondermind.
  • Music: Revenue from album sales and streaming deals.
  • Real Estate: Investments in various properties.
  • Entertainment: Earnings from acting projects, concert tours, and brand partnerships.

Continued Success in Entertainment

Despite her last solo tour concluding in 2016 and her most recent album, Rare, released in 2020, Gomez remains a prominent figure in the entertainment industry. She stars in and executive produces the popular Hulu series Only Murders in the Building, which has been renewed for a fifth season.

Accolades and Recognition

Gomez’s role in Only Murders in the Building has earned her critical acclaim, including her first Emmy Award nomination for Outstanding Lead Actress in a Comedy Series. The show itself has been nominated for Outstanding Comedy Series for three consecutive years.

Selena Gomez’s journey to becoming a billionaire is a testament to her diverse talents and business acumen. From her successful beauty brand to her impactful roles in entertainment, Gomez continues to inspire and break barriers.

Sources

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