Selena Gomez, widely known as an actress and singer, but also an entrepreneur and investor, has joined the ranks of billionaires. Bloomberg estimated her net worth at $1.3 billion. As it turns out, most of it is thanks to her makeup line.
According to CNN, 32-year-old Selena Gomez has become one of the youngest billionaires in history. USA.
While some of her wealth comes from acting and singing gigs, as well as collaborations with well-known brands, it turns out that the “vast majority” of it is tied to her makeup line, Rare Beauty, which has been on the market for 5 years.
Gomez’s net worth was estimated by Bloomberg based on her stake in a cosmetics brand, her income from her mental health platform Wondermind, her earnings from on-camera appearances, her real estate holdings and the money she receives for working with brands on social media, including Instagram, where she has 425 million followers.
Selena GomezANDRE PAIN/EPA/PAP
A billionaire and philanthropist at the same time
Her popularity on Instagram makes her the third most followed person, behind football icons Cristiano Ronaldo (638 million) and Lionel Messi (504 million), which helped her secure contracts with Puma worth $30 million and fashion company Coach worth $10 million.
In 2020, Gomez revealed she had been diagnosed with bipolar disorder, and later told Entrepreneur that any deal she makes “has to have a charitable or mental health component.”
She founded the Rare Impact Fund to raise $100 million to help people access mental health services.
Main image source: ANDRE PAIN/EPA/PAP