Selena Gomez is reportedly now a billionaire!

The 32-year-old singer and actress Gomez is now officially one of the self-made billionaires.

According to the Bloomberg Billionaires IndexGomez now has an estimated net worth of $1.3 billion, making her one of the youngest self-made billionaires in the United States.

The Who says The singer’s wealth comes largely from her cosmetics brand Rare Beauty, which reportedly accounts for over 81% of her net worth.

Her other notable sources of income include endorsements, her mental health startup Wondermind, albums, tours, acting, and real estate investments.

It is worth noting that Gomez launched her beauty brand in September 2020 and since then (as of March 2024), it has generated over $400 million in net sales.

There was also some speculation about the Only murders in the building Actress who sells the brand.

However, in May, in an interview with The times. She told the outlet: “I really have no plans in that regard.”

On the other hand, with her performance, Gomez follows the example of her close friend Taylor Swift, who achieved billionaire status earlier this year.