Selena Gomez, the American singer and actress, has officially joined the youngest billionaires club, according to the Deadline report. This financial feat follows success of beauty brand, Rare Beauty. Selena Gomez’s entrepreneurial efforts added to her financial success which was earlier primarily driven by thriving career as a singer and actress.
Alongside other lucrative ventures, the 32-year-old star producer of the popular Hulu series Only Murders in the Building launched her beauty brand in 2019, which played a pivotal role in ensuring billionaire status. This took the ‘Emilia Perez’ actor’s estimated net worth to a whopping USD 1.3 billion, according to a Bloomberg report released on Friday. Selena Gomez is reportedly one of the youngest female billionaires in the United States.
Selena Gomez’s entrepreneurial efforts added to her financial success which was earlier primarily driven by thriving career in the Entertainment industry. Around 81.4 percent of the net worth of star singer comes from her majority stake in her beauty brand.
Rare Beauty has become a powerhouse in the beauty and influencer markets, as explained by marketing expert Stacy Jones. “Selena is not just a pop star. She’s a multifaceted businesswoman with diverse income streams contributing to her impressive net worth,” Stacy Jones said.
Selena Gomez, the American singer and actress, has officially joined the youngest billionaires club, according to the Deadline report. This financial feat follows success of beauty brand, Rare Beauty.
Alongside other lucrative ventures, the 32-year-old star producer and businesswoman, launched her beauty brand in 2019. This took ‘Emilia Perez’ actor’s estimated net worth to a whooping USD 1.3 billion, according to Bloomberg report released on Friday. Selena Gomez is reportedly one of the youngest female billionaires in the United States. Selena Gomez’s entrepreneurial efforts added to her financial success which was earlier primarily driven by thriving career as a singer and actress, Selena Gomez’s entrepreneurial efforts have played a pivotal role in her financial success.
Launched in 2019, Rare Beauty has significantly contributed to Gomez’s estimated net worth of USD 1.3 billion, positioning her as one of the youngest female billionaires in the United States.
The beauty brand accounts for about 81.4 percent of her overall net worth, according to Deadline.
Gomez’s wealth is not solely attributed to her beauty brand. The valuation encompasses her stake in the mental health startup Wondermind, revenue from music album sales, real estate investments, and earnings from streaming deals, brand partnerships, concert tours, and acting projects.
Although Gomez’s last solo tour, the Revival Tour, concluded in 2016 and her most recent album, ‘Rare’, was released in 2020, she has remained a prominent figure in entertainment.
She continues to garner acclaim as both a star and executive producer of the popular Hulu series ‘Only Murders in the Building’.
The show, which has recently been renewed for a fifth season, has earned Gomez her first Emmy Award nomination for Outstanding Lead Actress in a Comedy Series.
Additionally, ‘Only Murders in the Building’ has been nominated for Outstanding Comedy Series for the third consecutive year.
Gomez is also set to revisit her television roots with the upcoming sequel series ‘Wizards Beyond Waverly Place’.
The new series, set to premiere on October 29 at 8 pm ET/PT, follows the success of her original Disney Channel show, ‘Wizards of Waverly Place’.
Gomez and her former co-star David Henrie are not only reprising their roles but also taking on executive producer roles for the sequel.
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