Selena Gomez, the multi-talented star and entrepreneur, officially secured her place among the world’s billionaires in early September, according to the Bloomberg Billionaires Index. This remarkable milestone marks the first time the singer-actress has been ranked as a billionaire, with her net worth now standing at an impressive $1.3 billion.
In an interview with Entertainment Tonight on September 30, the Emilia Perez star expressed her gratitude for this monumental achievement. “I’m very grateful,” Gomez said, but quickly noted her discomfort with discussing wealth. “I personally think it’s distasteful to talk about money. But I truly give all the credit to the people who buy the products. They’re the ones who made this dream of mine come true. So I’m really, really honored and just happy.”
The bulk of Gomez’s fortune stems from her highly successful beauty brand, Rare Beauty, which she launched four years ago alongside her third studio album, Rare. The brand has since become a juggernaut in the beauty industry, contributing significantly to Gomez’s wealth. According to Bloomberg, the brand accounts for the “vast bulk” of her financial success, showcasing her entrepreneurial prowess.
While many celebrities rely on a single avenue for financial growth, Gomez has diversified her career, adding entrepreneur to her list of accomplishments alongside acting and singing. Her ability to excel across multiple industries has drawn comparisons to other high-profile billionaires, including her close friend Taylor Swift, who reached billionaire status through her music career alone.
Despite the enormous success of Rare Beauty, Gomez has no intention of selling the brand. Addressing rumors earlier this year, she told The Times, “I don’t have any plans on that, genuinely. I will admit it overwhelms me sometimes. I have this weird thing in my head where if I focus on the numbers, I’ll lose whatever it is that made Rare Beauty Rare Beauty.”
Gomez has maintained that the driving force behind her venture was never about making vast sums of money. “I never wanted it to be about making a lot of money and that’s it,” she emphasized, reinforcing her commitment to staying true to the ethos of her brand.
As she basks in her latest triumph, Gomez is also preparing for the release of her upcoming film Emilia Perez, which is slated to hit theaters in early November.
