Selena Gomez has been added to Bloomberg’s billionaire list

American pop singer Selena Gomez has amassed a billionaire fortune, estimated at $1.3 billion, primarily from her popular shows, music, and Rare Beauty brand, with her investment in Rare Beauty Brand Inc. accounting for over 80% of her total net worth, according to Bloomberg’s Billionaires Index.

Gomez, a successful actress, gained wealth through acting contracts, brand alliances, and mental health enterprises. She gained popularity as a child star in the 2000s, earning nearly $3 million for playing Alex Russo on Wizards of Waverly Place.

Selena Gomez began her musical career as a solo artist and first with the pop-rock group Selena Gomez & the Scene, though she is less popular on Instagram than football legends Lionel Messi and Cristiano Ronaldo.

Gomez’s wealth, estimated at nearly $1.1 billion, is primarily derived from her ownership of Rare Beauty, with less than 5% of her wealth coming from music tours and less than 2% from album and record sales.