Selena Gomez has become a billionaire thanks to the success of her Rare Beauty brand.
The 32-year-old star has enjoyed significant success as a singer and as an actress – but Rare Beauty, Selena’s make-up and cosmetics brand, has seen her personal fortune top the $1 billion landmark.
The brunette beauty is actually worth an eye-watering $1.3 billion, according to Bloomberg, which has included Selena on its Billionaires Index for the very first time.
Bloomberg noted that Rare Beauty – which Selena founded and also owns – accounts for the “vast bulk” of her personal wealth.
Selena has a huge social media following, including more than 400 million followers on Instagram, while she’s also worked with a host of big-name brands during the course of her career, including the likes of Puma and Louis Vuitton.
Earlier this year, meanwhile, Selena claimed that she never wanted Rare Beauty to be about “making a lot of money”.
The pop star launched her cosmetics company – which is committed to raising $100 million for mental health awareness – in 2020, and Selena confessed to being amazed by Rare Beauty’s success.
