Billionaire Rare Beauty
Selena Gomez, who’s 32, has become a self-made billionaire. Her net worth is $1.3 billion! She made this money from her successful makeup line, Rare Beauty. Plus, she has big endorsement deals with companies like Puma & Coach. Of course, her music career, acting jobs, & huge social media following also add to her wealth.
Rare Beauty puts Selena among other famous people in the makeup world, like Rihanna & the Kardashians. Word is she’s looking for investors to help grow the brand even more. She’s aiming for a target value of $2 billion! The success of Rare Beauty also connects to Selena’s work for mental health. In 2020, she talked about having bipolar disorder. Because of this, she wants to include charity in what she does. So, she set up the Rare Impact Fund with a huge goal: to raise $100 million for mental health services.
Selena Gomez’s Income Sources
Besides her businesses, Selena earns money acting too. She stars in the hit Hulu show “Only Murders in the Building.” For this, she takes home around $6 million each season! The show just got renewed for a second season. That means even more money for her! On top of that, Selena gets income from music royalties and other smaller revenue that come from being a musician.
Selena Gomez didn’t just become a billionaire by luck. Sure, many income sources helped her out—most importantly, her beauty brand Rare Beauty and her passion for mental health. With her brand, endorsements, acting roles & music career, Gomez has created a diverse portfolio. It shows off her entrepreneurial skills and her commitment to helping social causes.
