Selena Gomez has officially reached billionaire status after more than two decades in the spotlight.
The 32-year-old former child actress, who rose to fame starring in Barney & Friends before emerging as a teen idol on Disney Channel’s Wizards of Waverly Place, has a reported net worth of $1.3 billion, according to Bloomberg.
This financial milestone makes her one of the youngest billionaires in the country, along with her best friend, Taylor Swift, who became a member of the ten-digit club last year.
The publication reported that the majority of the “Lose You to Love Me” singer’s wealth comes from her makeup brand, Rare Beauty, which she launched in 2020.
She has also made a fortune landing acting jobs on TV series such as Only Murders In The Building, which has just been renewed for a fifth season, collaborations with brands and with her music.
Selena Gomez has officially reached billionaire status after more than two decades in the spotlight; seen last month
Although she has leaned more toward acting in recent years, Gomez has released three studio albums, two EPs, seven singles, four promotional singles, and fourteen music videos in her solo career.
While she was the lead singer of the band Selena Gomez & the Scene, she and her band released three albums, Kiss & Tell (2009), A Year Without Rain (2010), and When the Sun Goes Down (2011), “all of which reached the Top 10 and sold over 6.7 million copies in combined sales in the United States,” according to one of her fan pages.
According TimeRare Beauty is a best-seller at Sephora and is available in 36 countries and has continued to rake in more money over the years.
‘After its launch in 2020, annual sales grew 100% from 2021 to 2022, and 200% the following year, reaching $400 million during the 12 months ending in May,’ the outlet reported in May.
Her brand’s most popular product last year, a $23 liquid blush, generated $70 million in sales.
Some of her most profitable endorsement deals include her campaigns for ‘Puma, valued at $30 million, and Coach, a $10 million deal.’
As the third most followed person on Instagram, with over 424 million followers, she can earn approximately $2.6 million for each brand post on the app.
In addition to thriving professionally, Gomez has been open about feeling “happier” than ever amid her romance with music producer, Benny Blanco.
The 32-year-old former child actress, who rose to fame starring on Barney & Friends before emerging as a teen idol on Disney Channel’s Wizards of Waverly Place, has a reported net worth of $1.3 billion, according to Bloomberg.
Fans are even speculating that the couple, who quietly began dating in mid-2023, are engaged after Gomez stepped out last month with a gold band on her ring finger.
The Rare Beauty founder sparked speculation that she was engaged to boyfriend Benny Blanco when she shared a selfie last month and hid her ring finger.
In May, Gomez revealed she planned to adopt a child if she didn’t find the right partner before she turned 35.
“I was alone for five years and I really got used to it,” Selena said at the Time 100 Most Influential Companies event.
‘A lot of people are afraid of being alone and I probably tortured myself in my head for about two years being alone, and then I kind of accepted it.
“Then I came up with my plan: to adopt at 35 if I hadn’t met anyone,” she said.
However, last year she met Blanco, whom she described as the love of her life last month.
In addition to thriving professionally, Gomez has been open about being “happier” than ever amid her romance with music producer, Benny Blanco.
When he appeared on Howard Stern’s SiriusXM show earlier this year, Blanco called Gomez “the coolest, the kindest (and) the sweetest.”
“She really is like my best friend… we laugh all damn day,” she revealed.
Asked about having children, Benny said: “That’s my next goal. I have a lot of godchildren, I have a lot of nephews and nieces. I love being around children.”
Howard then asked Benny when he would ask the Wizards of Waverly Place star to marry him.
“When I look at it, I always say, ‘I don’t know a world that could be better than this,'” he gushed.
Howard later said he predicted they would get married in the future, and Benny replied, “You and me, too.”
Fans are even speculating that the couple, who quietly began dating in mid-2023, are engaged after Gomez stepped out last month with a gold band on her ring finger.
Asked about her comments on marriage and children at the Time 100 event, Gomez said: “She can’t lie to save her life. If you ask her a question, she answers it.”
“I cherish every moment I spend with him. I don’t know what the future holds, but I do know that he’s not going anywhere anytime soon.”
A source recently said AND“They are excited about continuing to grow together and getting closer.”
They also added that “Benny thinks Selena is amazing” and that “he loves that Benny wants the best for people and protects them.”
Apparently, they also have the support of their loved ones. “They make each other happy and their friends and family are delighted for them,” the source said.
The Come And Get It singer went public with her relationship with Blanco in December, revealing they had been secretly dating for six months.
The Wolves singer has previously dated The Weeknd, Zedd, Nick Jonas, Taylor Lautner and has been linked to several other stars including Zayn Malik.
The Wolves singer has previously dated The Weeknd, Zedd, Nick Jonas, Taylor Lautner and has been linked to several other stars including Zayn Malik.
She also had an on-and-off relationship with Justin Bieber that lasted eight years, before they split in 2018.