Official announcements from Selena Gomez or major financial news sources

Selena Gomez Becomes Billionaire with $1.3B Net Worth, Joining Taylor Swift

Sep 6, 2024, 02:15 PM

Selena Gomez has officially become a billionaire, with an updated net worth of $1.3 billion, according to Bloomberg. The 32-year-old former Disney star achieved this milestone largely due to the success of her beauty brand, Rare Beauty, which is valued at $1.1 billion. In addition to her beauty brand, Gomez's wealth is bolstered by her music and touring, which have earned her $85 million, and her acting career, which has brought in $26 million. She also has endorsement deals worth $90 million, a mental health startup called Wondermind valued at $34 million, and real estate holdings worth $8 million. Gomez is now one of the youngest self-made billionaires in the United States and the first Disney actress to reach this status. She joins her BFF Taylor Swift in the billionaire club.