Fans Congratulate Selena Gomez on Joining Billionaire Club at 32 Thanks to Rare Beauty Success
Selena Gomez, the American actress, singer, and entrepreneur, has officially joined the ranks of self-made billionaires at just 32 years old. According to Bloomberg, Selena Gomez’s net worth has soared to $1.3 billion, largely due to the overwhelming success of her cosmetics brand, Rare Beauty. Launched in 2020, Rare Beauty has become the primary driver of her wealth, with its cruelty-free and vegan products capturing a wide audience and generating significant sales.
Though Gomez’s career began as a beloved Disney star, her entrepreneurial journey has truly set her apart. Her acting roles, singing career, and various brand endorsements have contributed to her wealth, but Bloomberg reports that the “vast bulk” of her fortune comes from Rare Beauty. In the 12 months leading up to February, the brand reportedly pulled in an impressive $400 million in net sales. She has also reportedly been in talks with investors to reach a $2 billion valuation for the company.
Beyond the success of Rare Beauty, Selena Gomez remains a global icon with one of the most influential social media presences. As the third most-followed person on Instagram, behind soccer legends Cristiano Ronaldo and Lionel Messi, Gomez boasts a staggering 424 million followers. Her immense reach on platforms like Instagram and TikTok has further bolstered her brand and allowed her to connect with millions worldwide.
Gomez’s multi-faceted career has been nothing short of remarkable. From her breakout role in Disney’s Wizards of Waverly Place to starring in Hulu’s hit series Only Murders in the Building, she has shown her versatility as an entertainer. Her role in the Hulu series has earned her several accolades, including multiple Primetime Emmy nominations, a Satellite Award, and three People’s Choice Awards. She reportedly earns $6 million per season from the show, which has been renewed for a fifth season.
In addition to acting and business ventures, Selena Gomez has leveraged her popularity to land endorsement deals with major brands like Louis Vuitton, Coach, and Puma, contributing tens of millions to her net worth. However, her passion for mental health advocacy has remained a central focus. Gomez, who revealed her bipolar disorder diagnosis in 2020, has been outspoken about her commitment to charity. She founded the Rare Impact Fund with a mission to raise $100 million to provide mental health services to those in need.
Fans around the world have taken to social media to celebrate her impressive milestone. Messages of congratulations flooded platforms like X (formerly Twitter), with fans praising her as a “self-made woman” and commending her for her hard work and achievements. “Self-made woman, we love to see it,” commented one fan, while another added, “She will always be on top.”
Selena Gomez’s journey from a Disney star to a global business mogul serves as an inspiration to many, proving that her success goes far beyond the entertainment industry. With Rare Beauty continuing to flourish and her career still thriving, it’s clear that Gomez’s influence will only continue to grow as she forges new paths in both business and entertainment.
