SAEDNEWS: Selena Gomez rose to fame as a child star on Barney and the Disney Channel. Her latest role? Billionaire.
According to SAEDNEWS: Selena Gomez, the beloved actress and singer, has officially joined the ranks of billionaire celebrities, marking a significant milestone in her illustrious career. The 32-year-old star’s fortune is estimated at $1.3 billion, as reported by Bloomberg, which added her to its prestigious billionaire index. This recognition comes just five years after Gomez founded her successful beauty brand, Rare Beauty, which has rapidly gained traction and acclaim in the competitive cosmetics industry.
A Significant Contributor to Wealth: Rare Beauty
According to Bloomberg, the majority of Gomez's wealth can be attributed to her ownership stake in Rare Beauty, which is valued at over $1 billion. The brand has made headlines for its innovative products, particularly its liquid blush and lip tint, which have gone viral on social media, driving impressive sales. In the year leading up to February, Rare Beauty reportedly achieved net sales of $400 million, establishing Gomez as one of the youngest female self-made billionaires, joining fellow stars like Taylor Swift and Rihanna.
In addition to her entrepreneurial success, Gomez has earned significant income through endorsement deals with major brands such as Louis Vuitton, Coach, and Puma. Her contributions to the entertainment industry also remain financially rewarding; she reportedly receives at least $6 million per season for her role in the acclaimed Hulu series "Only Murders in the Building," which has garnered Emmy nominations and a fifth-season renewal.
A Journey Through Fame and Challenges
Born in Texas, Gomez rose to fame as a child star, first appearing in "Barney & Friends" and later becoming a household name through her work with the Disney Channel. Over the course of nearly three decades in the public eye, she has navigated both the highs of her career and the challenges of personal life, facing scrutiny regarding her fashion choices, relationships, and health struggles. Gomez has been open about her battles with bipolar disorder and lupus, sharing her family's inspiring journey to the U.S. from Mexico, which emphasizes resilience and determination.
Notably, Gomez became the most followed woman on Instagram last year, boasting over 424 million followers, surpassing other high-profile figures like Taylor Swift and Kylie Jenner. Despite her online success, she has candidly discussed the negative impact of social media on her mental health, leading her to periodically take breaks from the platform.
When reflecting on her nearly two-decade-long career in an interview with BBC1 nearly ten years ago, Gomez noted the strange sensation of longevity at such a young age. She humorously questioned whether she was too old for the industry while also expressing a feeling that her journey was just beginning. "You know what’s crazy, is that a lot of times I don’t even feel I’ve started," she remarked, revealing her unwavering ambition for future endeavors.
As Selena Gomez continues to break barriers and redefine success, her accumulating wealth and ongoing influence remind fans and followers of her incredible talent, resilience, and vision. With her remarkable business acumen and dedication to her craft, she has not only solidified her place in the entertainment industry but has also carved out a significant legacy as a young business mogul.
