Selena Gomez reaches billionaire status thanks to her business empire.

Selena Gomez, one of the most recognized figures in entertainment, has achieved a remarkable milestone in her professional life by becoming a billionaire. With an estimated net worth of $1.3 billion, according to Bloomberg's Billionaires Index, the 32-year-old has gained this recognition not only through her music career but primarily through her successful foray into the business world, particularly via her cosmetics brand, Rare Beauty Brands Inc. Since childhood, Selena has proven to be a multifaceted artist, but her skill as a businesswoman has been key to her recent financial success. Unlike other stars, such as her friend Taylor Swift, who has solidified her fortune through concerts and album sales, Gomez has found in Rare Beauty an effective way to capitalize on her popularity among young people. Launched five years ago, the brand has resonated particularly with teenagers, becoming a phenomenon in the beauty market. What makes her business journey even more impressive is the variety of initiatives she has been involved in. In addition to Rare Beauty, Selena has collaborated with major brands like Puma, Louis Vuitton, and Coach, and has taken on a producer role in the Disney series "Only Murders in the Building," where she also acts. Furthermore, her commitment to mental health is evident in the startup Wondermind, which she co-founded with her mother, aimed at raising awareness about the importance of emotional well-being. Gomez's influence is clear, not only through her financial success but also in how she uses her platform to address social issues. Her decision to donate 1% of Rare Beauty's sales to the Rare Impact Fund, dedicated to providing mental health services to young people, reflects her commitment to causes that matter to her and underscores her authenticity with her followers. Selena's career has also been marked by difficult moments, including her struggles with lupus and bipolar disorder. Despite these challenges, she has maintained a transparency that resonates with her audience, strengthening her public image. This vulnerability is one of the reasons her fans see her not just as a star but as a role model. Brent Saunders, CEO of Bausch + Lomb and an investor in Wondermind, highlights that Selena has demonstrated how a celebrity can use their influence to create successful businesses while also doing good. This ability to balance business success with a sense of social responsibility has placed her in an enviable position in both the entertainment industry and the business realm. Regarding Rare Beauty, the brand has rapidly grown, achieving a valuation of $2 billion in just four years. Most of Selena's fortune comes from her 51% majority stake in the company, showing that her vision and effort are closely aligned with the business's success. Despite having considered selling the brand previously, Selena has decided to move forward, suggesting that her commitment to Rare Beauty is both personal and professional. This success is not limited to the cosmetics brand. The Wondermind platform, focused on mental health, has attracted significant investor attention, including Lightspeed Venture Partners and Sequoia Capital, and has been valued at $100 million, further testament to the impact Selena is having in the business world. Meanwhile, in her acting career, Selena continues to achieve accolades. She is currently promoting the fourth season of "Only Murders in the Building," where her performance has earned her an Emmy nomination. For her role, she receives a considerable salary, further adding to her growing fortune. Despite the pause in her music career, Selena has hinted at a return to music at some point, leaving her followers anticipating a new album. With 424 million followers on Instagram, placing her above her friend Taylor Swift in this regard, Selena continues to build her legacy—a blend of talent, influence, and social commitment that distinguishes her in the entertainment industry and beyond.