Selena Gomez, the multi-talented singer, actress, and business mogul, has officially ascended to the elite ranks of the world’s youngest billionaires. According to an exclusive report by Deadline, the star of ‘Emilia Perez’ has achieved this monumental financial milestone largely due to the overwhelming success of her beauty brand, Rare Beauty, alongside various other lucrative ventures.
Rare Beauty, which Gomez launched in 2019, has been the cornerstone of her increasing wealth. The brand’s innovation and commitment to inclusivity have resonated deeply with consumers, resulting in a meteoric rise in sales. As of today, Rare Beauty constitutes approximately 81.4 percent of Gomez’s total net worth, which is estimated to be a staggering USD 1.3 billion. This remarkable achievement places her as one of the youngest female billionaires in the United States, a feat accomplished through a blend of business acumen and creative vision.
However, Selena Gomez’s wealth is not solely tied to her success with Rare Beauty. Her financial portfolio extends to a variety of ventures, showcasing her diverse talents and interests. One notable investment is her stake in the mental health startup Wondermind, which aims to break the stigma around mental health and offer accessible resources for well-being. Gomez’s involvement in Wondermind underscores her commitment to mental health advocacy, an issue she passionately supports.
Beyond her entrepreneurial efforts, Gomez has continued to thrive in the music industry. Despite her last solo tour, the Revival Tour, ending in 2016, and her most recent album, ‘Rare’, being released in 2020, she remains a formidable presence. Her musical endeavors continue to generate substantial revenue through album sales, streaming deals, and concert tours, further bolstering her impressive net worth.
Selena Gomez’s impact is far-reaching, extending into the realm of television and entertainment as well.
. She is currently a leading star and executive producer of the highly acclaimed Hulu series, ‘Only Murders in the Building’. The show’s popularity has not waned, and it has been renewed for a fifth season. This mystery-comedy series has not only captivated audiences but also earned critical acclaim. For her role, Gomez received her first Emmy Award nomination for Outstanding Lead Actress in a Comedy Series. Additionally, ‘Only Murders in the Building’ has been nominated for Outstanding Comedy Series for three consecutive years, solidifying its status as a critical and commercial success.
In a continuation of her diverse career, Gomez is set to revisit her television roots with a new sequel series, ‘Wizards Beyond Waverly Place’. This upcoming series, scheduled to premiere on October 29 at 8 pm ET/PT, is a follow-up to her original hit Disney Channel show, ‘Wizards of Waverly Place’. Gomez will not only reprise her role but also serve as an executive producer alongside her former co-star, David Henrie. Fans are eagerly anticipating the return of their favorite characters and the new adventures that await.
Moreover, Gomez has been a savvy investor in real estate, boosting her financial portfolio with several high-value properties. Her astute investments in prime locations have appreciated over time, further adding to her considerable fortune. Beyond real estate, her earnings from various brand partnerships with global names, such as Puma and Coach, add another layer to her diversified income streams.
Gomez’s journey to becoming a billionaire has been a multifaceted one, characterized by significant achievements across various domains. Her strategic investments, diversified interests, and sheer talent have set her apart in both the entertainment and business worlds. Selena Gomez’s evolution from a child star to a multifaceted mogul is not just a testament to her resilience but also an inspiration to many young aspirants aiming to make their mark.
Published – September 07, 2024 12:34 pm IST
English cinema / music / entertainment (general)
