As a dedicated follower of Selena Gomez‘s career since her early Disney days, I must say it’s truly inspiring to witness her meteoric rise to billionaire status. It’s not every day you see someone from humble Texas beginnings become one of the youngest female self-made billionaires, alongside powerhouses like Rihanna and Taylor Swift.
More recently, Selena Gomez, formerly of the Disney Channel, music artist, and businesswoman, has been recognized as a self-made billionaire by Bloomberg. They added her to their billionaire index on September 6. The estimated worth of her fortune is approximately $1.3 billion.
According to the article, Selena’s massive income growth is primarily attributed to her own makeup company, Rare Beauty, which she established five years ago. She still owns a significant portion of this brand, valued at over $1 billion. This success has placed Selena among the youngest self-made women on the list, joining stars like Rihanna and Taylor Swift.
In a period spanning from February 2023 to the end of 2024, Rare Beauty – famous for its popular pigmented blushes and lip tints that have gone viral on social media platforms – reportedly generated $400 million in net sales. This figure represents approximately 80% of Sel’s overall net worth, as per Bloomberg.
According to the recent updates from the financial news and analysis source, it’s been reported that Gomez additionally deposited significant amounts from sponsorship agreements with luxury brands such as Louis Vuitton, Coach, and Puma into her bank account.
Additionally, it’s said that she received at least $6 million per season for her Emmy-worthy performance in Hulu’s hit series “Only Murders in the Building,” which has just been greenlit for a fifth season.
For those not aware of her personal background, Gomez hails from Texas and is of Mexican heritage. She’s been active in showbiz for close to three decades, a fact that has kept her under the spotlight. Throughout these years, she’s frequently made news due to her stylish choices, romantic involvements, friendships, health journeys, and various other aspects of her life.
Last year, according to Bloomberg, the multitalented entertainer held the title of the most followed woman and the third most popular individual on Instagram, boasting over 424 million fans. She surpasses Kylie Jenner and Taylor Swift in terms of followers, but is outranked only by soccer stars Cristiano Ronaldo (with 639 million followers) and Lionel Messi (505 million followers).
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2024-09-07 10:37