Selena Gomez has reached billionaire status, with her fortune now at $1.3 billion (P73 billion), as reported by the Bloomberg Billionaires Index. The 31-year-old singer, actress, and entrepreneur achieved this milestone largely through her successful beauty brand, Rare Beauty.
Rare Beauty, which launched in 2020, is estimated to be worth over $1 billion (P56 billion), accounting for 81% of Gomez’s wealth. The brand, known for promoting mental health awareness and confidence, has expanded globally, reaching markets in Europe, Asia, and the Middle East.
Aside from her beauty venture, Gomez also earns significantly from her acting, music, real estate investments, and endorsement deals with major brands like Puma and Coach. She stars in the hit series Only Murders in the Building and is set to return in upcoming projects, including a spin-off of Wizards of Waverly Place and the musical crime film Emilia Pérez.
Gomez is now aiming for a $2 billion (P112 billion) valuation for Rare Beauty as she continues to expand her business empire.