At 32, beauty mogul, actor, and singer Selena Gomez has joined the ranks of the youngest self-made billionaires in the USA, according to Bloomberg, a global provider of financial news and information. Bloomberg estimates her net worth at $1.3 billion.
Born to teen parents in Texas, Gomez's mother worked multiple jobs to support her daughter’s acting ambitions.
Gomez first gained fame as a Disney Channel star in 2007, starring in the popular show Wizards of Waverly Place.
With hard work and determination, she built a successful music career, achieving her first U.S. number-one track with "Lose You to Love Me" in 2020.
Her music career has flourished, with three studio albums, nine top 10 hits, 44 singles, and two Grammy nominations.
However, Gomez’s billionaire status is not just from acting and singing; it largely comes from her makeup line, Rare Beauty. Launched on September 3, 2020, Rare Beauty has been highly successful.
Similar to Rihanna, who became a billionaire in 2021 through her cosmetic company Fenty Beauty, Rare Beauty's makeup products have reportedly generated roughly 81% of Gomez's wealth.
Additionally, Gomez’s wealth is bolstered by her massive social media following. She is the third most-followed person on Instagram, with 424 million followers, trailing only legendary soccer players; Cristiano Ronaldo, who has 639 million followers, and Lionel Messi, with 505 million followers.
Gomez also stars in and serves as an executive producer for the comedy-drama Only Murders in the Building, alongside Steve Martin and Martin Short.
She reportedly earns at least $6 million per season for her role in the Hulu hit, which was recently renewed for its fifth season.
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