Selena Gomez is now a billionaire following the success of her Rare Beauty brand and her work as an actress, singer, producer and entrepreneur
Selena Gomez is known for many things, such as her Emmy-nominated performance role on Hulu's Only Murders in the Building and her successful career as a pop star, and now she can add billionaire to the list.
The 'Love On' singer's company Rare Beauty Brands Inc. accounts for the 'vast bulk of Gomez’s wealth,' according to Bloomberg. But it's the musician's ability to diversify into avenues like brand partnerships and television producing roles that will help prolong her success as a public figure. According to Bloomberg, only a small fraction of Gomez's wealth comes from her music career. Instead, the Spring Breakers star has leveraged her huge social media following to book multimillion-dollar deals with brands like Puma, Louis Vuitton and Coach.Rumors had suggested Gomez was considering a sale of Rare Beauty once it reached a $2 billion valuation. In her TIME profile, the multi-hyphenate denied she would be parting ways with her beauty brand anytime soon.
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