Selena Gomez has shared her thoughts on reaching billionaire status.
Now 32 years old, Gomez has made significant strides since her early days in The Wizards of Waverly Place, which premiered 17 years ago—feeling nostalgic yet?
Gomez has been featured in the Bloomberg Billionaires Index for the first time, with the outlet estimating her net worth at an impressive $1.3 billion.
Her wealth isn’t solely from her acting career, including her role in Only Murders in the Building, but also from her music, her massive Instagram following—where she became the most followed woman last year—and her business, Rare Beauty.
Launched in 2020, Rare Beauty is a major contributor to her fortune, and Gomez’s stake in the company is valued at over a billion, accounting for approximately 81 percent of her total wealth. This achievement positions her as one of the ‘youngest self-made’ billionaires on Bloomberg’s list.
Stacy Jones, the founder and executive officer of LA-based agency Hollywood Branded, remarked to the outlet that Gomez is more than ‘just a pop star’. She is a ‘multifaceted businesswoman with diverse income streams contributing to her impressive net worth’.
Brent Saunders, an investor in Gomez’s ‘mental fitness ecosystem’ Wondermind, commented: “You’ve got a real role model of how a celebrity can use their influence and expertise to both do good and create good business. Selena epitomizes that.”
During a red carpet interview, Gomez was asked about her feelings on achieving billionaire status.
With a touch reminiscent of Princess Diaries’ Queen Clarisse, Gomez responded to Entertainment Tonight Online with an initial ‘Oh Goodness’, before expressing: “I’m very grateful. I personally think it’s distasteful to talk about money, but I really am giving all the credit to people who buy the products.
“They’re the ones that made this dream of mine come true, so I’m really, really honored and just happy.”
Gomez shared a similar perspective in an interview with Time when discussing Rare Beauty as a brand.
She stated: “I have this weird thing in my head where if I focus on the numbers, I’ll lose whatever it is that made Rare Beauty Rare Beauty.
“I never wanted it to be about making a lot of money and that’s it.”
One Twitter user commented: “shes truly a inspiration. came from nothing and worked HARD.”
Another simply concluded: “What an iconic woman.”