American singer and actress Selena Gomez has officially joined the elite group of self-made billionaires, according to Bloomberg’s recent estimates.
Gomez’s staggering wealth is derived from her investments in beauty, mental health, and entertainment, alongside earnings from her extensive social media presence.
One of the key contributors to Gomez’s financial ascent is her successful beauty line, Rare Beauty, which she launched a few years ago.
The brand has quickly become a huge player in the cosmetics industry and is reportedly seeking a higher valuation, further boosting Gomez’s net worth.
Adding to Rare Beauty, Gomez is an investor in Wondermind, a mental health platform aimed at providing resources and support for mental well-being.
Her involvement in this venture aligns with her advocacy for mental health awareness, adding depth to her investment portfolio.
Gomez‘s 424 million followers on Instagram have also contributed to her financial success, as she leverages her social media presence for lucrative brand endorsements.
These partnerships with prominent companies are a reflection of her influence in the digital space.
Furthermore, Gomez continues to earn a steady income from her acting career, most notably for her role in the popular Hulu series, Only Murders in the Building.