Singer Selena Gomez, 32, has a net worth of about $1.3 billion, thanks to the profits of the cosmetics company she founded.

On September 6, CNN reported that the American singer and actress has entered the ranks of billionaires, according to a financial analysis report by Bloomberg. The figure is estimated based on her shares in cosmetics company Rare Beauty, mental health startup Wondermind, and her salary from acting and singing.

The actress reportedly makes 81.4% of her fortune from Rare Beauty, which sells skincare, makeup, and hair care products. The brand launched in September 2020, named after the singer’s third album. Earlier this year, the brand was valued at more than $2 billion.

Singer and actress Selena Gomez. Photo: AP

Singer and actress Selena Gomez. Photo: AP

The singer’s endorsements account for 6.9% of her fortune. She has 424 million followers on Instagram, making her the third most followed person on the platform, behind Cristiano Ronaldo (638 million) and Lionel Messi (504 million). Selena Gomez has a $30 million endorsement deal with Puma and a $10 million deal with Coach.

The former Disney star is paid $6 million per season for the series Only Murders in the Building , which is currently in its fifth season. The rest of her income comes from record sales, music copyrights, touring, and real estate.

Before Selena Gomez, some artists who became billionaires included Taylor Swift, Rihanna, and Kim Kardashian.

Selena Gomez was known for her roles in Disney films before turning to singing. She appeared in television series such as Wizards of Waverly Place , Barney & Friends . Her albums regularly rank high on the Billboard charts. Some of Selena’s hits include Lose You to Love Me , Hands to Myself , Good for You .

Rich and successful, the beauty has encountered many life changes. She had a kidney transplant in the summer of 2017, when her lupus became complicated. The treatment had side effects that made Gomez gain weight and she was often criticized for her appearance.

In the past, she and Justin Bieber broke up and got back together many times before ending their relationship in 2018. The relationship left them both devastated, forcing them to seek help from a psychologist. After the breakup, Justin Bieber fell in love with Hailey Baldwin and quickly registered their marriage.

At the end of 2023, Selena Gomez publicly dated Benny Blanco – Justin Bieber’s old friend.