According to a report by Deadline, American singer and actress Selena Gomez has formally become a member of the group of youngest billionaires. This financial achievement comes after Rare Beauty, a successful beauty brand.
Selena Gomez’s financial success was bolstered by her entrepreneurial endeavors and successful acting and singer career.
The 32-year-old star producer of the hit Hulu series Only Murders in the Building debuted her beauty company in 2019 in addition to other profitable endeavors, which was crucial in guaranteeing her billionaire status. As a result, the actor known for “Emilia Perez” is thought to be worth an incredible USD 1.3 billion, according to a Friday Bloomberg article. One of the youngest female millionaires in the US is supposedly Selena Gomez.
Selena Gomez’s financial success was bolstered by her entrepreneurial endeavors and her prosperous career in the entertainment sector. The overwhelming ownership of the famous singer’s beauty brand accounts for almost 81.4 percent of her net worth.
Marketing guru Stacy Jones explains that Rare Beauty has grown to be a dominant force in the beauty and influencer sectors. Selena is more than simply a pop icon. Stacy Jones described her as a multidimensional businesswoman whose varied sources of income add to her enormous net worth.
According to a report by Deadline, American singer and actress Selena Gomez has formally become a member of the group of youngest billionaires. This financial achievement comes after Rare Beauty, a successful beauty brand.
The 32-year-old famous producer and businesswoman introduced her beauty company in 2019 in addition to other successful endeavors. As a result, the actor “Emilia Perez” is projected to be worth a staggering USD 1.3 billion, according to a report published on Friday by Bloomberg.
One of the youngest female millionaires in the US is supposedly Selena Gomez. Selena Gomez’s successful profession as an actress and singer was the main factor in her previous financial success. However, her entrepreneurial endeavors have contributed significantly to her current level of wealth.
Introduced in 2019, Rare Beauty has made a substantial contribution to Gomez’s projected USD 1.3 billion net worth, making her one of the country’s youngest female billionaires.
According to Deadline, the beauty brand represents approximately 81.4 percent of her total net worth.
Gomez’s cosmetics line is not the only source of her fortune. Her interest in the mental health business Wondermind, album sales money, real estate investments, streaming agreements, brand partnerships, concert tours, and acting gigs are all included in the valuation.
Even though Gomez’s most recent album, “Rare,” was published in 2020 and her most recent solo tour, the Revival Tour, ended in 2016, she has continued to be a well-known personality in the entertainment industry.