Selena Gomez Reaches Billionaire Status from Various Business Ventures Including Rare Beauty: Report

Mar. 15, 2025

Selena Gomez in Los Angeles on Aug. 22, 2024.Photo:Michael Buckner/Variety via Getty

Michael Buckner/Variety via Getty

When you’re ready,Selena Gomez, come and get your billionaire title.The singer, actress and businesswoman, 32, has surpassed billionaire status, according to theBloomberg Billionaires Index, as the outlet reported she’s worth $1.3 billion — making her one of the youngest female self-made billionaires in the United States.Gomez’s wealth reportedly comes from her various business ventures, with the outlet stating more than 81% of her money is in her Rare Beauty cosmetics brand.Selena Gomez in Telluride on Aug. 31, 2024.Vivien Killilea/GettyOther major income sources include — from most to least prominent — endorsements, touring, her mental health startup Wondermind, albums, acting, streaming and real estate, per the outlet.The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now!Since appearing on many fans' televisions for the first time through her childhood stint onBarney & Friends, Gomez has starred in various shows includingWizards of Waverly PlaceandOnly Murders in the Building. She’s also acted in films likeSpring Breakers,Hotel Transylvaniaand the upcomingEmilia Pérez.Selena Gomez in Cannes in May 2024.Neilson Barnard/GettyAs a musician, she’s notched three No. 1 albums on theBillboard200 as well as several top-5 singles on theBillboardHot 100, such as “Good for You” withA$AP Rocky, “Same Old Love,” “Lose You to Love Me” and “Calm Down” with Rema.According toThe Business of Fashion, Gomez’s Rare Beauty has surpassed $400 million in net sales (as of March) since its September 2020 launch.In May, however, she shut down rumors she was selling the brand. “I don’t have any plans on that, genuinely,” she toldTime.Selena Gomez in Beverly Hills in January 2024.Stefanie Keenan/GettyGomez also spoke to the outlet about trying to keep the brand’s revenue out of her head. “I have this weird thing in my head where if I focus on the numbers, I’ll lose whatever it is that made Rare Beauty Rare Beauty,” she said.“I never wanted it to be about making a lot of money and that’s it,” added the “My Mind & Me” singer.Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories.Taylor Swift performs in Arizona in March 2023.John Shearer/GettyEarlier this year,Forbesreported Gomez’s friend,Taylor Swift, reached billionaire status due to her ongoing Eras Tour, extensive song catalog and real estate portfolio.At the time, the outlet said Swift was the only musician to earn the feat solely based on music and live performances, as the Eras Tour has surpassed $1 billion in revenue since its March 2023 launch.

When you’re ready,Selena Gomez, come and get your billionaire title.

The singer, actress and businesswoman, 32, has surpassed billionaire status, according to theBloomberg Billionaires Index, as the outlet reported she’s worth $1.3 billion — making her one of the youngest female self-made billionaires in the United States.

Gomez’s wealth reportedly comes from her various business ventures, with the outlet stating more than 81% of her money is in her Rare Beauty cosmetics brand.

Selena Gomez in Telluride on Aug. 31, 2024.Vivien Killilea/Getty

Vivien Killilea/Getty

Other major income sources include — from most to least prominent — endorsements, touring, her mental health startup Wondermind, albums, acting, streaming and real estate, per the outlet.

The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now!

Since appearing on many fans' televisions for the first time through her childhood stint onBarney & Friends, Gomez has starred in various shows includingWizards of Waverly PlaceandOnly Murders in the Building. She’s also acted in films likeSpring Breakers,Hotel Transylvaniaand the upcomingEmilia Pérez.

Selena Gomez in Cannes in May 2024.Neilson Barnard/Getty

Neilson Barnard/Getty

As a musician, she’s notched three No. 1 albums on theBillboard200 as well as several top-5 singles on theBillboardHot 100, such as “Good for You” withA$AP Rocky, “Same Old Love,” “Lose You to Love Me” and “Calm Down” with Rema.

According toThe Business of Fashion, Gomez’s Rare Beauty has surpassed $400 million in net sales (as of March) since its September 2020 launch.

In May, however, she shut down rumors she was selling the brand. “I don’t have any plans on that, genuinely,” she toldTime.

Selena Gomez in Beverly Hills in January 2024.Stefanie Keenan/Getty

Stefanie Keenan/Getty

Gomez also spoke to the outlet about trying to keep the brand’s revenue out of her head. “I have this weird thing in my head where if I focus on the numbers, I’ll lose whatever it is that made Rare Beauty Rare Beauty,” she said.

“I never wanted it to be about making a lot of money and that’s it,” added the “My Mind & Me” singer.

Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories.

Taylor Swift performs in Arizona in March 2023.John Shearer/Getty

John Shearer/Getty

Earlier this year,Forbesreported Gomez’s friend,Taylor Swift, reached billionaire status due to her ongoing Eras Tour, extensive song catalog and real estate portfolio.

At the time, the outlet said Swift was the only musician to earn the feat solely based on music and live performances, as the Eras Tour has surpassed $1 billion in revenue since its March 2023 launch.

source: people.com