Selena Gomez, the star of the hit show Only Murders in the Building, has built a remarkable empire beyond her acting career. The 32-year-old, who rose to fame on the Disney Channel, has successfully launched a music career, created her own beauty brand and continues to excel in her acting endeavours. This entrepreneurial journey has reportedly solidified her status as one of the country's youngest female self-made billionaires. Selena Gomez Attends Colorado High School Volleyball Team’s Match Upon Their Request, Says ‘They Asked! Couldn’t Help It’ (View Pics).

According to the Bloomberg Billionaires Index, Gomez has a net worth of USD 1.3 billion and has officially joined the exclusive club of billionaires. Unlike her pal Taylor Swift, whose wealth primarily stems from music and touring, Gomez has reportedly built her fortune through a diverse range of ventures. Her talent, coupled with her massive social media following (424 million on Insta), has propelled her success in various fields, including entrepreneurship, acting and music. Is Selena Gomez Engaged to BF Benny Blanco? Singer Sparks Speculations After Getting Photographed With a Gold Ring on Her Left Hand (View Pic).

Selena Gomez With Her Rare Beauty

 

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As per reports, Selena's substantial wealth is primarily attributed to Rare Beauty Brands Inc, her successful makeup line launched five years ago. This venture has gained immense popularity among influencers and young cosmetics enthusiasts. Additionally, Gomez's strategic brand endorsements (with companies like Puma and Coach worth USD 30 million and USD 10 million), acting deals and involvement in a mental health startup have also contributed significantly to her financial stability. It's said that her beauty brand, Rare Beauty, is reportedly seeking a USD 2 billion valuation.

Bloomberg's wealth analysis has assessed Gomez's net worth based on various factors, including her stake in Rare Beauty, her involvement in Wondermind, her music sales, property holdings, and income from streaming deals, brand partnerships, concerts and acting. The analysis used conservative estimates for her business stakes and relied solely on publicly available information.

(The above story first appeared on LatestLY on Sep 06, 2024 06:15 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).