Selena Gomez becomes a billionaire: Here is her net worth at 32 years old

Selena Gomez has reached billionaire status, according to Bloomberg. This means that the net worth of the celebrity that Selena began her acting career at age 7 with the supporting role of Gianna in the children’s series Barney and Friends has surpassed $1 billion.

She is also known for starring in ‘Wizards of Waverly Place’, as well as other films and series, including the multi-nominated ‘Only Murders in the Building’. She has also been noted for her musical career.

Aside from her career as an artist, Gomez has also dedicated herself to philanthropy and has become an entrepreneur after the creation of her makeup brand Rare Beauty.

How much money does Selena Gomez have? This is her immense fortune at 32 years old

According to Bloomberg estimates, Selena Gomez has a net worth of $1.3 billion. The vast majority of Gomez’s net worth comes from her successful makeup company, Rare Beauty.

Gomez's wealth is based on Bloomberg's "estimated value" of her stake in the beauty brand, in addition to her interest in the mental health platform Wondermind and various other earnings from her music, acting, property and money she makes from partnerships she posts about on social media.

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Selena Gomez is one of the most popular figures on social media and therefore earning millions of dollars in endorsements. As of September 6, she has 424 million followers on Instagram, making her the most followed woman on the platform.

As an entrepreneur, she launched the Rare Beauty makeup line in September 2020 exclusively at Sephora. Since then, Rare Beauty has been a huge success. In 2022, the company generated at least $100 million in revenue. According to various estimates, it generated more than $300 million in 2023. Based on this figure, Rare Beauty could be worth at least $2 billion today.

She also co-founded the mental health platform Wondermind and is an investor in the food delivery company Gopuff. Part of her fortune also comes from multi-million dollar deals with brands, such as Puma and Coach. She also owns several properties in California and Texas.