Selena Gomez is officially declared a billionaire.
According to Deadline, Selena Gomez has officially joined the ranks of billionaires, thanks in large part to the remarkable success of her beauty brand, Rare Beauty, along with other profitable ventures. This milestone positions Gomez as one of the youngest female billionaires in the United States. The achievement underscores her significant impact and success across various industries.
Launched in 2019, Rare Beauty has played a crucial role in propelling Gomez to her estimated net worth of USD 1.3 billion. The brand has not only become a major player in the beauty industry but also accounts for approximately 81.4 percent of her overall wealth. Rare Beauty’s success can be attributed to its innovative products and inclusive approach, resonating with a wide range of consumers and establishing itself as a significant market force.
However, Gomez’s financial success extends beyond her beauty brand. Her substantial net worth also reflects her investments in other ventures. Among these is her stake in the mental health startup Wondermind, which focuses on improving mental health awareness and support. This investment aligns with Gomez’s personal commitment to mental health advocacy and further contributes to her diversified portfolio.
Additionally, Gomez’s wealth is bolstered by her income from music album sales, real estate investments, and various entertainment-related deals. Despite her last solo tour, the Revival Tour, ending in 2016, and her most recent album, Rare, being released in 2020, Gomez remains a prominent and influential figure in the entertainment industry. Her ongoing presence and success are evident in her continued acclaim and accomplishments.
Gomez’s role as both a star and executive producer of the popular Hulu series Only Murders in the Building has garnered significant attention and praise. The show, which has recently been renewed for a fifth season, marks a notable achievement in her career. Gomez’s performance and production work on the series have earned her her first Emmy Award nomination for Outstanding Lead Actress in a Comedy Series. This recognition highlights her versatility and talent, further solidifying her position in the entertainment world.
Moreover, Only Murders in the Building has achieved notable success beyond Gomez’s individual accolades. The series has been nominated for Outstanding Comedy Series for the third consecutive year, reflecting its consistent quality and popularity. The show’s success is a testament to Gomez’s ability to excel in various facets of the entertainment industry, from acting to producing.
In addition to her accomplishments in television, Gomez is set to revisit her television roots with the upcoming sequel series Wizards Beyond Waverly Place. The new series is set to premiere on October 29 at 8 pm ET/PT and follows the success of her original Disney Channel show, Wizards of Waverly Place. This sequel not only brings back beloved characters but also sees Gomez and her former co-star David Henrie taking on executive producer roles. Their involvement in the project underscores their continued influence and commitment to creating engaging content for audiences.
Overall, Selena Gomez’s ascent to billionaire status is a testament to her entrepreneurial spirit and multifaceted career. Her success with Rare Beauty, combined with her ventures in mental health, music, and television, showcases her ability to navigate and excel across various industries. As she continues to build on her achievements, Gomez remains a significant and influential figure in both the entertainment and business worlds.