Selena Gomez Joins Billionaire Club with Rare Beauty Success

Selena Gomez, a 32-year-old actress and musician, has officially been declared a billionaire, according to the Bloomberg Billionaires Index. With a reported net worth of $1.3 billion, the majority of Gomez's wealth comes from her beauty brand, Rare Beauty, which she launched in 2020. The brand has been highly successful, generating over $400 million in sales within its first year. In addition to her beauty brand, Gomez's income is supplemented by brand partnerships, acting roles, music sales, and her mental health start-up, Wondermind.

Gomez, who first gained fame as a child star on Disney Channel's "Wizards of Waverly Place," has successfully transitioned into both a music and business career. She has released multiple albums and singles and is currently starring in the Hulu series "Only Murders in the Building," for which she earns at least $6 million per season. She is also engaged in numerous projects as a producer and has a notable philanthropic record, including work with UNICEF. Gomez's rise to billionaire status underscores her ability to diversify her career and leverage her influence across various industries.