With Rare Beauty propelling Selena Gomez to billionaire status, there's more to her financial journey than meets the eye. Want to know what fueled her success? Check out the full story in the video above!
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00:00Selena Gomez has officially joined the billionaire's club, with Newmark estimating her net worth
00:06at $1.3 million as of Friday, September 6.
00:10The outlet highlighted her beauty brand, Rare Beauty, as a key factor in her rise to billionaire
00:16status.
00:17Gomez launched Rare Beauty in February 2019, expanding her role beyond acting and singing
00:23to include entrepreneurship.
00:28According to the outlet, more than 80% of Selena Gomez's fortune comes from a majority
00:33ownership in Rare Beauty.
00:35The beauty brand has also emerged as a significant force in the influencer-driven market.
00:40The Rare Beauty has also emerged as a significant force in the influencer-driven market.
00:47Selena Gomez has joined a close friend, Taylor Swift, on the billionaires' list, making
00:52them the youngest self-made billionaires.
00:55While Gomez's fortune stems from a beauty brand and investments, Swift reached billionaire
01:00status in October 2023, primarily due to the immense success of her era store.
01:08In addition to a beauty brand, Selena Gomez's wealth is supported by her investment in real
01:13estate, her involvement with Wondermind, earnings from her music and acting careers, and profitably
01:19brand partnerships.
01:23Selena Gomez's achievements don't stop there.
01:25Her hit show Only Murders in the Building has been renewed for a fifth season.
01:29She also remains one of Instagram's top influencers, ranking third with endorsements that can earn
01:36her up to $30 million.
01:40This billionaire milestone is just one of many successes in Gomez's impressive career.