Celebrity Life Don't miss out on the headlines from Celebrity Life. Followed categories will be added to My News. Selena Gomez is officially a billionaire, according to Bloomberg’s latest index.
The US actress, 32, has quietly amassed an exorbitant fortune in recent years, after first shooting to stardom as a teen with her Disney Channel show Wizards of Waverly Place in 2007. While Gomez carved out a flourishing TV and music career in the years afterwards, while also becoming one of Hollywood’s most popular celebrities, the outlet reports 81 per cent of her wealth stems from her cosmetics company Rare Beauty, which launched in 2020. According to Bloomberg ’s recent estimations, which were published September, Gomez’s net worth is $US1.
3 billion. Selena Gomez's wealth stems largely from her cosmetics company, Rare Beauty. Similar to pop star Rihanna, who became a billionaire in 2021 largely thanks to her cosmetics company Fenty Beauty, Gomez’s showbiz exploits accounted to only a fraction of her wealth, with music tours contributing to less than 5 per cent of her fortune, while album and record sales made up less than 2 per cent.
Rare Beauty, which sells makeup products from liquid blush to lipsticks, reportedly did net sales of $US400 million in the 12 months to February 2024. Gomez is in a relationship with music producer Benny Blanco. While it’s unknown what stake Gomez has in the business, which she founded, Bloomberg speculates it’s around 51 per cent, with .