SELENA GOMEZ JOINS BILLIONAIRE CLUB WITH BEAUTY BRAND SUCCESS. (PHOTO).
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Selena Gomez Joins Billionaire Club with Beauty Brand Success
Selena Gomez has officially become one of the youngest self-made billionaires in the U.S., as reported by Bloomberg.
At just 32 years old, her fortune is estimated to be $1.3 billion, largely due to the huge success of her beauty brand.
ACCORDING TO ANOTHER SOURCE:
Guess who just joined the billionaire club?
Selena Gomez! 😍
The 32-year-old actress and singer has amassed a fortune of $1.3bn, according to Bloomberg, which added the celebrity to its billionaire index on Friday 6th September, 2024.
Her wealth comes mainly from her Rare Beauty make-up company, which she founded five years ago and retains a stake worth more than $1bn, the publication estimated.
The brand's success has made her one of the "youngest female self-made" wealthy on the list, alongside the likes of Taylor Swift and Rihanna.
Rare Beauty, known for liquid blush and lip tint that have had viral success on social media, reportedly did net sales of $400m in the 12 months to February.
Gomez has also brought in tens of millions of dollars from endorsement deals with the likes of Louis Vuitton, Coach and Puma, according to Bloomberg.
It said she also took home "at least" $6m per season for her Emmy-nominated turn in the Hulu hit "Only Murders in the Building", which was just approved for its fifth season.
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