Selena Gomez is officially a billionaire, one of the youngest billionaires in the world

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Cast member Selena Gomez attends the Season 4 premiere of the television series “Only Murders in the Building” at Paramount Studios on August 22, 2024 in Los Angeles, California, USA.

Cast member Selena Gomez attends the Season 4 premiere of the television series ‘Only Murders in the Building’ at Paramount Studios in Los Angeles, California, US on August 22, 2024. Photo credit: REUTERS/Mario Anzuoni

Selena Gomez has officially joined the ranks of one of the youngest billionaires. According to Deadline, Emilia Perez The actress has achieved this financial milestone primarily through the success of her beauty brand, Rare Beauty, and other profitable ventures.

Launched in 2019, Rare Beauty has contributed significantly to Gomez’s estimated net worth of US$1.3 billion, making her one of the youngest female billionaires in the United States.

According to Deadline, the beauty brand accounts for approximately 81.4 percent of her net worth. Gomez’s wealth is not solely due to her beauty brand. The valuation includes her stake in mental health startup Wondermind, income from music album sales, real estate investments and streaming deals, brand partnerships, concert tours and acting projects.

Although Gomez’s last solo tour, the Revival Tour, ended in 2016 and her most recent album, ‘Rare’, was released in 2020, she remains a prominent figure in entertainment. She continues to receive praise as both a star and executive producer of the popular Hulu series. only murders in the buildingThe show, which was recently renewed for a fifth season, earned Gomez her first Emmy Award nomination for Outstanding Lead Actress in a Comedy Series.

moreover, only murders in the building is nominated for Outstanding Comedy Series for the third consecutive year. Gomez is set to revisit her television roots with the upcoming sequel series Wizards Beyond Waverly Place.

The new series is set to premiere on October 29 at 8pm ET/PT, following the success of their original Disney Channel show. wizards of waverly placeGomez and her former co-star David Henrie are not only reprising their roles but also serving as executive producers for the sequel.

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