Look at her now!
Selena Gomez has officially become a billionaire, with Bloomberg reports Friday that the actress has a net worth of $1.3 billion.
The outlet credited the “vast bulk” of Gomez’s money to her Rare Beauty brand, which she founded in February 2019, in addition to her acting and singing careers.
According to the report, over 80% of the entrepreneur’s fortune comes from her majority stake in the makeup brand, which has become a success in the influencer market.
“Selena is not just a pop star,” marketing expert Stacy Jones told the outlet. “She is a multi-faceted businesswoman with various income streams contributing to her impressive net worth.”
The former Disney Channel star, 32, is now one of the country’s youngest self-made billionaires, joins BFF Taylor Swift.
Story develops. Check back for updates.