Selena Gomez She began her acting career at the age of 7 with the role of Gianna in “ Barney and his friends ” and participated in series of Disney Channel where he stood out in his role as Alex Russo in the series “Wizards of Waverly Place.” Today, at 32 years old, the celebrity of Mexican descent is one of the youngest billionaires in the world. USA .
Thanks to his forays into different areas of the entertainment world, many are wondering how much his fortune amounts to. How much is the fortune of the American singer, Selena Gomez? According to the portal Bloomberg the star of “Only Murders in the Building,” managed to amass a fortune with a net worth of US$ 1.3 billion, thanks to his multiple activities in art and business.
The former child star of Disney She has managed to build the vast majority of her fortune through her successful foray into the cosmetics industry with her brand Rare Beauty Founded in 2020, Rare Beauty set out to revolutionize the market with an inclusive approach and products that quickly gained acceptance from consumers and critics alike. In addition, the aforementioned portal indicates that the interest of Gomez on the mental health platform Wondermind along with other sources of income such as his music, acting, properties and collaborations in social networks including his 424 million followers on Instagram represent a source of income for her His popularity in Instagram This places her as the third person with the most followers, behind football icons. Cristiano Ronaldo (638 million) and Lionel Messi (504 million), which has allowed him to obtain important sponsorship contracts with Puma valued at US$30 million, and Coach for US$10 million.
Selena Gomez is the third most followed celebrity on Instagram. Photo: LR composition Selena Gomez’s success in the cosmetics industry with Rare Beauty Since its launch, Rare Beauty has stood out not only for the exceptional quality of its products, but also for the inspiring philosophy that drives the brand. Selena Gomez recognized for its transparency in sharing its challenges related to the mental health decided to venture into the world of cosmetics with the aim of challenging traditional beauty standards and promoting self-acceptance.
With an inclusive and diverse approach, Rare Beauty focuses on offering a wide variety of shades and products designed to meet the needs of all people. Among the brand’s most iconic products is its liquid blush which became a phenomenon viral and generated an estimated revenue of $70 million in 2020, as reported Business Insider . The American singer promotes the cosmetics brand on her social media.
Photo: Rare Beauty Successful brand management and other achievements have contributed to the rapid accumulation of wealth of the singer. The absence of a parent company or corporate partner has allowed Rare Beauty remain under the complete control of Gomez which has been extremely beneficial for her in financial terms. In the words of Gomez In April, following a rumor of an alleged sale of the company, the TIME Magazine “I don’t think I’m going anywhere.
I’m enjoying this too much. I just want to keep building on what we’re doing.”.
