Selena Gomez, who gained fame as a child star on Barney and the Disney Channel, has now joined the billionaire ranks at 32, thanks largely to her Rare Beauty makeup company, which Bloomberg estimates is worth over $1 billion. Known for viral products like liquid blush and lip tints, Rare Beauty generated $400 million in net sales over the past year.
Gomez’s wealth is further bolstered by lucrative endorsement deals with brands like Louis Vuitton and Puma, and her Emmy-nominated role in Hulu’s “Only Murders in the Building.”
Despite her achievements in acting and music, these represent a smaller portion of her fortune. Gomez, who has openly discussed personal struggles including bipolar disorder and lupus, also became the most followed woman on Instagram with over 424 million followers, despite her mixed feelings about social media’s impact on her mental health. Reflecting on her nearly two-decade career, she expressed that despite her success, she still feels like she’s only just begun.
