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Selena Gomez is now a billionaire like her BFF Taylor Swift

BBG News

As a long-time fan who has followed Selena Gomez’s career since her Disney days, I must say I am absolutely thrilled to see her join the billionaire’s club! It’s not every day you witness your favorite pop star turn into a successful businesswoman. Her journey from acting, singing, and now cosmetics has been nothing short of inspiring.

Selena Gomez has joined the billionaire’s club alongside best friend Taylor Swift. While much of Swift’s fortune comes from her music, for Gomez it seems like her money is a combination of her acting and musical career, as well as her beauty brand, Rare Beauty.

As reported by Page Six, Selena Gomez’s wealth primarily stems from her cosmetics line, Rare Beauty, even though her career in entertainment has undeniably bolstered her financial assets. Since its launch in February 2019, Rare Beauty has made a significant impact within the realm of social media influencers.

While you might think of Gomez as a performer first, especially when looking at the success of Only Murder in the Buildings, she is truly a businesswoman. And as Stacy Jones, a marketing expert and CEO of Hollywood Branded, explained, “Selena is not just a pop star. She’s a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.”

According to the Forbes report, Selena Gomez is valued at approximately $1.3 billion, making her one of the nation’s youngest self-made billionaires, alongside Taylor Swift. If you’re curious about her close friend, by April 2024 it was estimated that Swift had a net worth of around $1.1 billion, largely due to her ERAS Tour.

It’s not surprising, given Gomez’s high Instagram popularity and lucrative partnership deals, that she could one day join the ranks of billionaires. However, it’s important to note that her sharp business sense is primarily responsible for her financial success. Furthermore, we anticipate that her cosmetics brand, Rare Beauty, will continue to boost her wealth significantly.

Although some might dislike the existence of another wealthy individual globally, let’s hope that Selena Gomez is using her earnings for positive impact somewhere around the world.

Did the news that Selena Gomez has become a billionaire take you aback? What are your thoughts on her being among the youngest self-made billionaires?

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2024-09-07 00:05

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