The majority of her wealth, over 80%, comes from her cosmetics line, Rare Beauty, launched in 2020
Rare Beauty gained popularity for its innovative products like liquid blush and lip tints, contributing to net sales of $400 million in the past year.
Selena Gomez's wealth also includes earnings from her acting career, particularly from her role in the Hulu series Only Murders in the Building, where she earns $6 million per season.
With 424 million followers on Instagram, she is the third most-followed person, allowing her to secure lucrative endorsement deals worth up to $30 million.
Salena Gomez founded the Rare Impact Fund to support mental health services, reflecting her commitment to social causes.
In addition to Rare Beauty, her wealth is bolstered by investments in real estate and her mental health platform, Wondermind.
Gomez joins fellow celebrities like Taylor Swift and Rihanna in the billionaire ranks, showcasing her multifaceted career.
She began her journey as a child star on Barney and Friends and rose to fame with Disney's Wizards of Waverly Place.
Selena Gomez's net worth is estimated at $1.3 billion as of September 2024, marking her as one of the youngest self-made billionaires