Selena Gomez Is Officially a Billionaire
Only billionaires in the building.
Selena Gomez made the Bloomberg Billionaires Index for the very first time, reaching a net worth of $1.3 billion. The Only Murders in the Building star, 32, has become one of the United States’ youngest female self-made billionaires largely due to the success of her cosmetics company, Rare Beauty Brands Inc., Bloomberg reported Sept. 6.
More than 81 percent of Selena’s net worth derives from her stake in the group, which she founded in 2020. And while there were rumors she would be walking away from the brand earlier this year, she subsequently confirmed she had no plans to sell the company.
“I don’t think I’m going anywhere,” she said during a conversation for the 2024 TIME100 Summit April 24. “I am enjoying this a little too much.”
In addition to the staggering income from Rare, Bloomberg reported that almost 7 percent of her net worth stems from her professional endorsements and almost 5 percent from touring, which the “Come and Get It” singer last did in 2016.
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