Texas born Selena Gomez, once a Disney Channel star, has since built a successful career as a Grammy-nominated musician, actress, and beauty entrepreneur. Now 32, she has reached a significant financial milestone, becoming one of the youngest self-made billionaires in the U.S., with a net worth of $1.3 billion.
While some of her wealth comes from singing, acting, and brand partnerships, the majority is attributed to her makeup line, Rare Beauty, which has gained popularity among influencers and teens since its launch five years ago. Bloomberg’s valuation includes Gomez’s stake in Rare Beauty, her involvement in the mental health platform Wondermind, and earnings from music, acting, and social media endorsements.
With 424 million Instagram followers, Gomez is the third most-followed person on the platform, behind soccer stars Cristiano Ronaldo and Lionel Messi. Her vast online presence has secured lucrative endorsement deals, including a $30 million contract with Puma and a $10 million deal with Coach.
