Selena Gomez becomes a billionaire thanks to Rare Beauty, joining BFF Taylor Swift

Selena Gomez has officially become a billionaire, with Bloomberg reporting Friday that the actress has a net worth of $1.3 billion.

The outlet credited the “vast bulk” of Gomez’s money to her Rare Beauty brand, which she founded in February 2019, in addition to her acting and singing careers.

Selena is not just a pop star,” marketing expert Stacy Jones told the outlet. “She’s a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.”

Along with her beauty brand, Gomez’s net worth also stems from her investment in Wondermind, real estate portfolio, music and acting earnings and paid partnerships.

The former Disney Channel star, 32, doesn’t seem to be slowing down anytime soon as her hit Hulu series, “Only Murders in the Building,” was recently picked back up for its fifth season.

Gomez is also the third most followed person on Instagram, reportedly raking in upwards of $30 million for just one endorsement deal.

The Emmy-nominated actress is now one of the country’s youngest self-made billionaires, joining BFF Taylor Swift.

Swift reportedly reached billionaire status in October 2023 thanks to the success of her international Eras Tour.

While Gomez’s wealth mainly came from her investments and makeup brand, Swift’s billion-dollar empire came largely from her music.

As of 2019, her catalog was valued around $400 million. She also made over $370 from her record-breaking tour, more than $160 million through streaming and nearly $100 million from record sales.

As of last year, the “Fortnight” singer’s worth sat around $1.1 billion. However, she has since released new music and added several stops to her international tour.