Selena Gomez has officially joined the ranks of the world’s youngest billionaires, an impressive achievement marking a significant milestone in her career. According to Deadline, the multi-talented star has secured this financial feat primarily through the remarkable success of her beauty brand, Rare Beauty, complemented by other lucrative ventures within entertainment and business sectors.
Launched in 2019, Rare Beauty has been a game-changer for Gomez, substantially contributing to her estimated net worth, which now stands at an astounding USD 1.3 billion. This financial success has positioned Gomez as one of the youngest female billionaires in the United States, a status she has earned through hard work, talent, and keen business acumen.
An astonishing 81.4 percent of Gomez’s wealth is attributed to Rare Beauty alone, as per Deadline’s report. The brand has garnered a loyal customer base and widespread acclaim for its inclusive range of makeup products. Rare Beauty’s success can be attributed to not only its high-quality offerings but also its commitment to promoting self-love and mental health, a cause that is close to Gomez’s heart.
However, Rare Beauty is just one part of Gomez’s expansive portfolio. Her financial empire also includes her stake in the mental health startup Wondermind. Wondermind aims to provide resources and support for mental health and wellness, aligning perfectly with Gomez’s advocacy for mental health awareness. This venture highlights her dedication to creating a positive impact beyond just financial gain.
In addition to her entrepreneurial ventures, Gomez continues to generate significant revenue from her music career. Although her recent musical output has been sporadic, with her last solo tour, the Revival Tour, ending in 2016 and her latest album, ‘Rare,’ released in 2020, she remains a prominent figure in the music industry. Sales from her music albums have contributed a substantial portion to her overall wealth.
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Gomez’s financial portfolio is further diversified through real estate investments. She has made strategic property acquisitions over the years, adding another layer of stability and growth to her net worth. Moreover, her earnings from streaming deals, brand partnerships, concert tours, and acting projects have collectively bolstered her finances.
Despite her last solo tour concluding several years ago, Gomez has stayed relevant and successful in the entertainment industry. One of her most notable recent accomplishments is her role in the popular Hulu series, Only Murders in the Building. This show has not only been a hit with audiences but has also earned critical acclaim. Gomez’s performance has been recognized with her first Emmy Award nomination for Outstanding Lead Actress in a Comedy Series, a testament to her acting prowess.
Only Murders in the Building has been picked up for its fifth season, reflecting its ongoing success and popularity. The show has also been nominated for Outstanding Comedy Series for the third consecutive year, underscoring its critical acclaim and viewer approval.
Gomez is set to revisit her television roots with the upcoming sequel series, Wizards Beyond Waverly Place. The new series is a follow-up to her original Disney Channel show, Wizards of Waverly Place, which was a significant part of her early career. This new venture is highly anticipated and is set to premiere on October 29 at 8 pm ET/PT. Gomez and her former co-star David Henrie will be reprising their roles and taking on executive producer positions, demonstrating her continued influence and leadership in the industry.
In summary, Selena Gomez’s journey to becoming one of the youngest billionaires in the world is a remarkable story of talent, strategic business decisions, and a commitment to causes she holds dear. With her diverse ventures in beauty, mental health, music, real estate, and entertainment, Gomez has built an impressive empire. As she continues to evolve and expand her career, she stands as an inspiration to many aspiring entrepreneurs and artists globally.
Published – September 07, 2024 12:34 pm IST
English cinema / music / entertainment (general)
