Selena Gomez joins billionaire celebrity rich list

Selena Gomez joins billionaire celebrity rich list

By Alipate Narawa
Saturday 07/09/2024
Photo:X

From Disney star to now billionaire Selena Gomez has amassed a fortune worth $1.3 billion

Bloomberg which added the celebrity to its index list says her wealth came mainly from her Rare Beauty make-up company, which she founded five years ago and retains a stake in worth more than $1bn, the publication estimated.

The brand's success has made her one of the "youngest female self-made" wealthy on the list, alongside the likes of Taylor Swift and Rihanna.

Rare Beauty, known for liquid blush and lip tint that have had viral success on social media, reportedly did net sales of $400m in the 12 months to February.

Gomez has also brought in tens of millions of dollars from endorsement deals with the likes of Louis Vuitton, Coach and Puma, according to Bloomberg.

It said she also took home "at least" $6m per season for her Emmy-nominated turn in the Hulu hit "Only Murders in the Building", which was recently renewed for a fifth season.

Despite her on-screen and musical success - including multiple nominations for Emmy and Grammy Awards - those achievements count for a relatively a small fraction of her wealth, Bloomberg said.

Source: BBC

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