SELENA Gomez has joined Rihanna and Kim Kardashian on the Makeup Money Train as the singer has officially amassed a fortune worth $1.3billion (£973 million). And while these women are known for other talents like singing, and acting, their big fortune has come from the beauty industry.
Selena's billion dollar wealth has come mainly from her Rare Beauty make-up company making her one of the “youngest female self-made” stars, according to Bloomberg. She is one of many A-List women, including Rihanna and Kylie Jenner , making millions from cosmetics. In 2022, the global market for personal care and beauty reached an impressive $1,088.
7 billion (£809.54bn) which showcases the opportunities here. Beauty PR expert and director of We are Lucy says: “The beauty and wellbeing market is something that is only ever increasing and teamed with the power of social media for these mega influencers – you are onto a winner.
” READ MORE ON CELEB TRENDS This means the beauty industry is now one of the most lucrative avenues for A-listers to go into. Megan Boyle, head of PR at TAL Agency , says: “We’re seeing an increasing number of celebrities launching their own beauty brands. “The potential for passive income, premium pricing, and brand diversification makes beauty a lucrative and tempting venture.
“Many celebrities that have brands will have a genuine interest in beauty and skincare , viewing their brands as a way to express themselves creatively and influence beauty trend.