Selena Gomez, a 32-year-old former Disney actress and pop star, has reached billionaire status, primarily due to her hugely successful cosmetics brand, Rare Beauty.
Rare Beauty, founded in 2020, leverages Gomez's massive social media following for sales, showcasing her products like mascara and eye brightener to hundreds of millions.
Despite initial reports suggesting a potential sale of her company at $2 billion, Gomez stated she has no plans to sell Rare Beauty and intends to retain her investment.
Bloomberg estimates Gomez's wealth at $1.3 billion, largely from her 51% stake in Rare Beauty, along with income from endorsements, music, acting, and real estate.
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