American singer-actor Selena Gomez has officially joined the ranks of one of the youngest billionaires. According to Deadline, the Only Murders in the Building actor has achieved this financial feat primarily through the success of her beauty brand, Rare Beauty, alongside other lucrative ventures.
Launched in 2019, Rare Beauty has significantly contributed to Gomez’s estimated net worth of USD 1.3 billion, positioning her as one of the youngest female billionaires in the United States. The beauty brand accounts for about 81.4 percent of her overall net worth, the report stated.
Gomez’s wealth is not solely attributed to her beauty brand. The valuation encompasses her stake in the mental health startup Wondermind, revenue from music album sales, real estate investments, and earnings from streaming deals, brand partnerships, concert tours, and acting projects.