Selena Gomez has now entered the list of billionaires, according to Bloomberg.
The 32-year-old actress and singer has amassed an estimated fortune of $1.3 billion which added her to its billionaire index on Friday.
Much of her wealth comes from Rare Beauty, the makeup company she founded five years ago, with her stake valued at over $1 billion.
Gomez Becomes Billionaire
Gomez now stands among the youngest self-made women on the billionaire list, alongside other stars like Taylor Swift and Rihanna.
Gomez’s beauty brand Rare Beauty recently achieved $400 million in net sales in the 12 months, playing a major role in her rise to billionaire’s list.
In addition to Rare Beauty’s success, Gomez has earned millions through endorsement deals with luxury brands like Louis Vuitton, Coach, and Puma.
Bloomberg also reported that she made at least $6 million per season for her role in Hulu’s hit series Only Murders in the Building, recently renewed for a fifth season.
