Selena Gomez is now a billionaire at just 30 years old, thanks to her hard work. She has made $1.3 billion, making her one of the youngest billionaires in the U.S. Most of her wealth comes from her cosmetics brand, Rare Beauty, which she started in 2019.
Her acting, singing, and brand deals have also added a lot to her wealth. Gomez has made money in many ways, proving she’s a smart businesswoman. She got her start on the Disney Channel and has grown into a successful entrepreneur.
Key Takeaways
- Selena Gomez’s net worth is $1.3 billion, making her one of the youngest self-made billionaires in the U.S.
- The majority of Gomez’s wealth comes from her cosmetics brand, Rare Beauty, which she founded in 2019.
- Gomez’s acting, singing, and brand endorsement earnings also contribute significantly to her net worth.
- Selena Gomez is a multifaceted businesswoman with diversified income streams.
- Rare Beauty offers a wide range of skin-true foundation and concealer colors, as well as wearable blushes and muted lipsticks.
The Rise of Rare Beauty
In February 2019, Selena Gomez started Rare Beauty, her cosmetics company. She launched it a year later. The brand quickly became a hit, making over 80% of Gomez’s $1.3 billion net worth.
Experts say Rare Beauty clicked with people because of Gomez’s personal touch. The brand’s focus on unique beauty helped it succeed. This success turned Gomez into a billionaire, with Rare Beauty expected to be worth $2 billion by 2024.
Gomez’s Billion-Dollar Cosmetics Empire
Selena Gomez’s rare beauty company changed the beauty game. In 2023, its liquid blush made $70 million, showing how popular and profitable the brand is. Gomez’s huge Instagram following helped the brand a lot, leading to deals with Puma and Coach.
| Metric | Value |
|---|---|
| Selena Gomez’s Net Worth | $1.3 billion |
| Rare Beauty Valuation (2024 Projection) | $2 billion |
| Rare Beauty Revenue (2023, Liquid Blush) | $70 million |
| Puma Endorsement Deal | $30 million |
| Coach and Louis Vuitton Partnerships | Millions |
Selena Gomez’s rare beauty company has changed the beauty world. It helped her become a billionaire. With a $2 billion valuation by 2024, Rare Beauty is set to make Gomez one of the youngest self-made billionaires in the U.S.
Selena Gomez: A Multifaceted Businesswoman
Selena Gomez is more than a talented singer and actress. She’s a smart businesswoman with many income streams. She has a cosmetics brand, Rare Beauty, and has made money from music, acting, and brand deals.
Experts say Gomez has great business acumen. She uses her fame to make more money. Her net worth of $1.3 billion shows her success in business.
| Income Source | Contribution to Net Worth |
|---|---|
| Rare Beauty Cosmetics | 81% |
| Acting (Wizards of Waverly Place, Only Murders) | 1.3% |
| Endorsement Deals (Puma, Coach, Louis Vuitton) | 7% |
| Live Performances | 5% |
| Album Sales and Streaming | 2.5% |
| Wondermind (Mental Health Company) | 2.6% |
Rare Beauty is a big part of Gomez’s wealth. She also makes money from her social media influence and brand partnerships. Her business skills and mindset make her a top businesswoman in entertainment.
“Selena Gomez has proven herself savvy businesswoman with the ability create multiple revenue streams. Her diverse income sources, from cosmetics to endorsements and investments, demonstrate her entrepreneurial spirit and keen business acumen.”
–Hollywood Branded
The Power of Social Media Influence
Gomez’s Instagram Dominance
Selena Gomez has a huge following on Instagram, which has greatly helped her financially. She has over 424 million followers, making her the third most-followed person on the site. This lets her make big money from brand partnerships and endorsement deals with big names like Puma and Coach.
Her strong social media presence and influence also boost her Rare Beauty brand. She uses her platform to reach and engage with her vast audience. Plus, 1% of all Rare Beauty sales go to the Rare Impact Fund, helping mental health causes.
Gomez’s social media dominance shows how well she connects with her fans. This has opened up many business chances for her. It has also made her a top influencer and brand ambassador.
“Selena Gomez’s net worth is reported to be $1.3 billion, with over 80% of her wealth ($1.1 billion) attributed to her stake in Rare Beauty Brands Inc.”
Selena Gomez’s Net Worth
Selena Gomez’s net worth is an amazing $1.3 billion, according to the Bloomberg Billionaires Index. Most of her wealth comes from her big share in Rare Beauty cosmetics. She started Rare Beauty in 2020.
Rare Beauty has grown fast, making over $100 million in 2022 and about $350 million in 2023. Its value is now a huge $1.4 billion. This makes Selena Gomez one of the youngest self-made billionaires in the U.S.
Selena also makes money from deals with brands like Puma and Coach. Her hit show “Only Murders in the Building” and her mental health startup Wondermind add to her earnings. She makes around $10-15 million a year from these sources.
| Source of Wealth | Percentage of Net Worth |
|---|---|
| Rare Beauty | Over 81% |
| Endorsements | Approximately 7% |
| Touring | Almost 5% |
| Wondermind | Over 2.5% |
| Other Sources | Less than 4% |
Selena Gomez is a top young entrepreneur thanks to her big social media following and smart business moves. She has a wide range of projects, making her very successful in the entertainment world.
Acting and Music Successes
Selena Gomezgomez acting> has made a big mark in acting and musicgomez music>. She started child actor on the Disney Channel. Since then, she has been in many films movies> and TV showsgomez tv shows>. She’s even earned $6 million per season for her role in the hit Hulu series “Only Murders in the Building.”
Gomezgomez singing> has also made waves in the music world. She has released many successful album Gomez albums> and singles. Her song “Calm Down” became a big hit in 2023, reaching triple-platinum status on the Billboard Hot 100 chartgomez music>.
Selena Gomezgomez acting> has shown her acting skills in many ways. She’s been nominated for Emmys for her work in “Only Murders in the Building.” She’s also working on a Disney+ reboot of “Wizards of Waverly Place,” set to premiere on October 29th.
| Selena Gomez’s Acting and Music Successes |
|---|
| Starred in numerous films and TV shows Gomez acting>, including the critically acclaimed Hulu series “Only Murders in the Building” Earns $6 million per season for “Only Murders in the Building” Released successful albums and singlesgomez singing>, contributing to her net worth Achieved RIAA triple-platinum certification for hit single “Calm Down”Gomez music> Received Emmy nominations for her acting role in “Only Murders in the Building” Set to produce and appear in the Disney+ reboot of “Wizards of Waverly Place” |
Selena Gomezgomez acting> has proven herself as a talented entertainer. She combines her business skills with her acting and musical talentsgomez music>. Her work has greatly added to her net worth and business success.
Investments and Real Estate Portfolio
Selena Gomez’s net worth comes from more than just her cosmetics brand and acting. She has also made smart investments and owns real estate. These moves have helped grow her wealth and financial security.
Reports say Selena Gomez’s net worth is between $75 million and $90 million. Her investment portfolio includes real estate worth millions of dollars. This shows she has a smart financial plan. Her real estate buys have greatly added to her fortune, making her worth up to $1.3 billion.
Selena Gomez’s success in making money shows how well investments can do in the entertainment world. Her investment choices include a big part in real estate. This has made a big difference in her wealth and financial health.
| Investment/Property | Value | Profit/Loss |
|---|---|---|
| Rare Beauty Business | $1.3 billion (estimated net worth) | Significant contributor to wealth |
| First Home Sold | $3.45 million (sale price) | $1.275 million profit |
| Calabasas Mansion | $3.69 million (purchase price), $3.3 million (sale price) | $390,000 loss |
| Texas Mansion | $3.499 million (listed price), $2.7 million (sale price) | $799,000 loss |
| Studio City Bungalow | $2.25 million (purchase price), $2.368 million (sale price) | $118,000 profit |
| Encino Mansion (Current Residence) | $4.9 million (purchase price) | N/A |
Selena Gomez’s success and diverse investments inspire those in the entertainment industry. Her smart investments and real estate moves have boosted her net worth. They also highlight her business skills and financial knowledge.
Conclusion
Selena Gomez has turned into a billionaire thanks to her great business skills, many talents, and hard work. She started as a Disney Channel star and then made a big impact in the cosmetics industry with Rare Beauty. Gomez has shown she’s a smart businesswoman who sees great opportunities.
Her net worth of $1.3 billion, as reported by Bloomberg News, is truly impressive. Rare Beauty, a cosmetics company she started in 2020, is worth $2 billion. Her smart business moves and big social media following helped make Rare Beauty a huge success, making up over 80% of her wealth.
Gomez’s rise to being a billionaire shows her wide range of talents as an entertainer and entrepreneur. Her success in music, acting, and social media has greatly increased her wealth. She’s made a lot from endorsement deals, streaming, and smart real estate investments in her business ventures.
As Selena Gomez keeps looking for new chances and pushing her limits, her story motivates others to aim high. It shows the importance of vision, hard work, and using your strengths to succeed.
FAQ
What is Selena Gomez’s net worth?
Selena Gomez’s net worth is a whopping $1.3 billion. She’s one of the youngest self-made billionaires in the U.S.
How did Selena Gomez become a billionaire?
Most of her wealth comes from Rare Beauty, her cosmetics brand started in 2019. Her acting, singing, brand deals and investments also add to her net worth.
How successful is Selena Gomez’s Rare Beauty brand?
Rare Beauty is a huge hit, making up over 80% of Gomez’s net worth. Its success turned her into a billionaire.
What other business ventures does Selena Gomez have?
Gomez earns from various sources, like real estate, her Hulu series “Only Murders in the Building,” and her mental health platform, Wondermind.
How has Selena Gomez’s social media presence contributed to her success?
Her huge social media following, especially on Instagram, helped her secure big endorsement deals. It also boosted her Rare Beauty brand.
What are Selena Gomez’s other notable achievements?
Gomez has also shined in acting and music. She’s starred in films and TV shows and released hit albums and singles.