Selena Gomez She can now add the title “billionaire” to her name. The multi-talented star is a Disney Channel Wizards of Waverly Place, And her success has only grown steadily over time: She’s landed multiple movie roles over the years, including her current Hulu show. There’s been a lot of murders in the building.After diving into music, Selena released six albums. However, her music and acting career were not the main factors that led to her net worth reaching $1 billion. Selena’s beauty brand, Rare Beauty, has brought in huge revenues and made the Hulu star a millionaire.
Hollywood Life Below is a summary of Selena’s net worth and earnings.
Selena Gomez’s net worth
Par BloombergSelena’s net worth is currently $1.3 billion, and the outlet cited Rare Beauty as the reason for her financial situation, citing her $1 billion stake in the company.
How much does Selena’s incredible beauty bring in?
According to timeRare Beauty has seen its sales gradually increase over time: In 2023, its popular liquid blush products alone brought in $70 million in revenue. As of 2024, the entire company is valued at approximately $2 billion.
In an interview in May 2024 timeSelena spoke about her beauty brand and message of self-confidence, with the company founder admitting that the work can be “overwhelming at times” and insisting that she “never” wants her business to “be a big money maker.”
“There’s this weird idea in my mind that if I get hung up on numbers, I’ll lose whatever it is that makes Rare Beauty Rare Beauty,” the “Single Soon” artist told the magazine. “I never wanted to be about making a ton of money, and that’s it.”
While the brand promotes self-love, Selena pointed out that she doesn’t want Rare Beauty to give off “the vibe” that “you have to wear makeup to feel confident.”
As for what she’s “proudest” of about her company, Selena said she feels proud to be able to offer something people can “relate to.”
“It’s really gratifying when people say, ‘This helped me get through a difficult time,'” she added.
How else does Selena Gomez make money?
While Selena’s main source of wealth is Rare Beauty, she has built her net worth in other ways. In 2017, the Emmy nominee partnered with Puma SE, signing a two-year deal reportedly worth around $30 million. Prior to that, she had partnered with Coach and Louis Vuitton, both of which earned her millions.