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Singer, actor, and entrepreneur Selena Gomez has reached billionaire status, according to Bloomberg, which added the celebrity to its billionaire index on Sept. 6.
Gomez, 32, rose to fame as a Disney Channel star, acting in popular shows such as Wizards of Waverly Place and movies including Princess Protection Program. She built her music career with hit songs throughout the 2010s, leading to her U.S. number one track “Lose You to Love Me” in 2020. Still, her music and acting efforts only account for a fraction of her wealth, with the Bloomberg report showing that music tours contributed to less than 5% of Gomez’s fortune, with album and record sales delivering less than 2%.
Gomez’s long-standing career in the entertainment industry has strengthened with her Golden Globe-nominated performance in the comedy-drama Only Murders in the Building, in which she stars beside comedy legends Steve Martin and Martin Short. Gomez also serves as an executive producer of the show, alongside Martin and Short. She reportedly took home “at least” $6 million per season for her turn in the Hulu hit, which was recently renewed for a fifth season.
Alongside her success in the music, television, and film industries, she is a lucrative business owner as founder of the cosmetics brand Rare Beauty.
READ MORE: How Selena Gomez Is Revolutionizing the Celebrity Beauty Business
The majority of Gomez’s wealth—roughly 81%—has been amassed through her work with Rare Beauty. In 2023, sales of its most popular product, a $23 liquid blush, reached $70 million.
The beauty company was launched in Sept. 2020 and entered into a market already brimming with celebrity beauty companies, such as Rihanna’s Fenty Beauty. Still, its success has been notable and significant.
In TIME’s May 2024 cover of Gomez, she spoke about how people often stop her to share how Rare Beauty has helped them.
“That’s what makes me most proud,” she told TIME. “When I’m able to have something like Rare…
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