Selena Gomez has achieved billionaire status, thanks to her makeup line Rare Beauty, which has dramatically increased her net worth within a year! Read more to find out.
Selena Gomez’s aspirations have led her to billionaire status! Though she’s less active in her music career, her beauty brand Rare Beauty has significantly boosted her net worth, adding nearly $500 million in just a year.
With this impressive financial leap, Selena is now officially a billionaire. Here are all the details you need to know.
Selena Gomez’s Journey: From Relying On $1 Meals During Childhood to A $500 Million Net Worth Increase In Just One Year
Not many know that Selena Gomez entered the world when her mother, Mandy Teefey, was just 16 years old. Following her parents’ separation, life became tough, and they lived in a challenging Texas neighborhood.
The young mother faced considerable criticism for having a child so early. Despite these obstacles, the 13 Reasons Why co-producer was resolute in providing a better life for her daughter and did everything she could to make it a reality.
In her chat with Entertainment Tonight, Selena Gomez reflected, “My mom took on a huge responsibility by having me at 16. She made immense sacrifices, working multiple jobs to support me and putting her own life on hold.” She also remembered times when they had to hunt for quarters to buy gas and would walk to the dollar store for spaghetti dinners.
Selena Gomez began her acting career at the age of 10 with Barney & Friends. She soon became known for her roles in Disney series like The Suite Life of Zack & Cody and The Wizards of Waverly Place.
Her solo music career took off in 2013 with the hit single “Come & Get It,” and she has since released several popular songs, including “I Can’t Get Enough”, “Taki Taki,” and “The Heart Wants What It Wants.”
In addition to her music, Selena has appeared in various films and TV shows, such as Only Murders In The Building, The Dead Don’t Die, and Emilia Perez. She has also achieved success as a producer, creating numerous hit television programs.
Selena Gomez FInally Became A Rare Beauty
In the year leading up to February, Rare Beauty saw $400 million in sales. This impressive performance, along with her various brand endorsements, production projects, and acting roles, has earned the 32-year-old billionaire status.
As reported by Celebrity Net Worth, Selena Gomez now has an astounding net worth of $1.3 billion, a substantial increase from the $800 million reported in 2023.
Selena Gomez Joins Rihanna & Taylor Swift
Selena Gomez, together with Rihanna and Taylor Swift, has become one of the youngest self-made female billionaires.
She is currently the third richest music artist globally, trailing only Rihanna ($1.7 billion) and Jay-Z ($2.5 billion).
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