Selena Gomez's net worth: American actress joins billionaire club with Rs 109,181,345,000 fortune
Selena Gomez has officially joined the billionaire club, with her net worth reaching an impressive $1.3 billion (Approx Rs 109,181,345,000), as reported by Bloomberg. Her wealth primarily stems from the phenomenal success of her cosmetics brand, Rare Beauty, alongside her flourishing career and social media influence.
Selena Gomez, the multi-talented American actress, singer, and entrepreneur, has officially become a billionaire! According to a Bloomberg report, Selena Gomez's net worth now stands at an astounding $1.3 billion (Approx Rs 109,181,345,000. Selena, along with Rihanna and Taylor Swift, is now one of the youngest self-made female billionaires. She is said to be the third-richest music artist in the world, after Rihanna with $1.7 billion and Jay-Z with $2.5 billion. But how did she achieve such success? Let¡¯s take a look into Selena Gomez's success story, from her early career to joining the elite billionaire club.
Selena Gomez's Rise to Billionaire Status
At just 32 years old, Selena Gomez has amassed wealth from multiple streams. Her career began as a child star, but her success today comes from acting music, and highly successful brand partnerships. According to Bloomberg, however, the majority of her wealth is tied to her cosmetics brand, Rare Beauty, which she launched in 2020. This brand has played a key role in helping Selena Gomez join the billionaire club.
Her impressive achievements place her among the youngest self-made billionaires on the Bloomberg Billionaire Index, sharing the spotlight with icons like Taylor Swift and Rihanna.
The Success of Rare Beauty: Selena Gomez's Billion-Dollar Brand
A large portion of Selena Gomez's net worth is thanks to the overwhelming success of her make-up company, Rare Beauty. Launched just five years ago, Rare Beauty has become a massive hit with young consumers and influencers, making it one of the most successful cosmetic brands in the world today.
Rare Beauty's revenue skyrocketed, reportedly earning $100 million in 2022, and is projected to bring in between $300 million and $350 million by 2023. The company is currently valued at around $2 billion, and Selena Gomez owns a 51% stake in it. This stake alone adds about $1.1 billion to Selena Gomez's net worth, solidifying her position in the billionaire club.
Selena Gomez's Acting Career: A Key Source of Wealth
Selena Gomez¡¯s career took off with her breakout role on Disney¡¯s Wizards of Waverly Place. Since then, she has starred in several hit films such as Spring Breakers and The Fundamentals of Caring. More recently, she has gained widespread recognition for her role in the Hulu series Only Murders in the Building, for which she earns an impressive $6 million per season.
Acting has always been a significant part of Selena Gomez's career, and her roles in popular shows and movies continue to contribute to her financial success.
Other Sources of Selena Gomez's Wealth
While Rare Beauty is the primary driver of her billionaire status, Selena Gomez's net worth also comes from several other ventures. Her music career, brand endorsements, and social media presence have all added to her growing fortune.
Gomez has collaborated with global brands like Puma and Coach, securing deals worth millions. For instance, her endorsement with Puma is reportedly worth $30 million, while her partnership with Coach earned her another $10 million.
Selena Gomez: The Social Media Star
Selena Gomez¡¯s influence isn¡¯t limited to her acting and business ventures. She is a social media powerhouse, with over 424 million followers on Instagram, making her the third most-followed person on the platform. According to Livemint, the Spanish singer and actress charged $2,558,000 (Approx Rs 20 crore)Per Post on Instagram. She ranks just behind soccer legends Cristiano Ronaldo (639 million followers) and Lionel Messi (505 million followers). This massive social media following also plays a role in boosting her net worth through lucrative partnerships and promotions.
Selena Gomez's Investments and Business Ventures
In addition to her acting and business success, Selena Gomez has made smart investments. One of her notable ventures is co-founding the mental health startup Wondermind, which has already raised $5 million and is valued at $100 million. Gomez¡¯s entrepreneurial spirit and investment savvy have helped her expand her wealth even further.
Selena Gomez's lavish house
Selena Gomez bought a $4.9 million mansion in Encino that used to belong to famous singer Tom Petty. He and his first wife, Jane Benyo, had the 11,483-square-foot house custom-built in 1989. It has six bedrooms and ten bathrooms. The living room, with a skylight, features a stone fireplace that stretches from the floor to the ceiling and even goes through an upstairs balcony, reaching the slanted roof. The house includes top features like a recording studio, a massage room, a gym, a wine cellar, and a large pool. Selena still owns this home.
Selena Gomez's car collection
According to a report by Sportskeeda, the newly minted billionaire, Selena Gomez, has an impressive collection of luxury cars. Here's a quick look at her cars:
- Fiat 500: This is the most budget-friendly car in Selena's collection. It has a stylish, compact design with a retro-inspired interior.
- Mercedes GLA 250: As per 21 Motoring, Gomez is often seen driving this SUV on weekends for brunches and beach outings.
- BMW 530i: Known for its German engineering, this luxury car comes with a 12.3-inch infotainment screen and a 16-speaker Harman Kardon sound system.
- Range Rover Evoque: Another luxury SUV in her garage, this compact SUV is priced at around $55,000.
- Cadillac CT6: A high-end sedan costing $58,000, it features a panoramic sunroof, ambient lighting, and a Bose Panaray sound system.
- BMW X5: This midsize SUV blends luxury with comfort. Gomez was reportedly involved in a minor accident with it in 2014 during a lunch outing with her best friend, Francia Raisa.
- Mercedes S400: One of the priciest sedans in her collection, priced at $91,000, with a sleek black exterior and luxurious Nappa leather interior.
- Cadillac Escalade: Selena has often been spotted in this large American SUV on her way to red-carpet events and movie premieres, according to Rerev.
- Lincoln Navigator: Another powerful SUV in her collection, this is the second most expensive one at around $100,000, as reported by The Richest.
- Porsche 911 GT3 RS: The crown jewel of her collection, this car is the most expensive, costing a staggering $300,000.
Who is Selena Gomez?
Selena Gomez, born on July 22, 1992, is a talented singer, songwriter, actress, businesswoman, and producer. She has received a lot of recognition throughout her career, winning awards like an American Music Award and two MTV Video Music Awards. She has also been nominated for major honours like the Emmys and Grammys.
Gomez began her career as a child actress on ¡°Barney & Friends¡± and became a teen star through her role on Disney Channel¡¯s ¡°Wizards of Waverly Place.¡± She also formed the band Selena Gomez & the Scene and released hit albums.
She has appeared in several movies, including voicing Mavis in the ¡°Hotel Transylvania¡± series. She produced and starred in Netflix¡¯s ¡°13 Reasons Why¡± and her cooking show ¡°Selena + Chef.¡± She is also an executive producer and star in ¡°Only Murders in the Building,¡± for which she earned a Golden Globe nomination.
In addition to entertainment, Gomez is passionate about philanthropy, focusing on mental health and equality for gender, race, and the LGBT community. She has been a UNICEF ambassador since 2009, launched her makeup brand Rare Beauty in 2020, and started the Rare Impact Fund to support mental health awareness. Her goal is to raise $100 million over the next decade for this cause.
Selena Gomez¡¯s Future: What¡¯s Next?
Despite joining the billionaire club, Selena Gomez remains grounded and focused on her passions. She has shared that a new album is in the works, with themes of personal growth and emotional freedom. Though she continues to explore new ventures, Gomez has hinted that her love for acting may soon take precedence over her music career.
Her incredible journey from a Disney star to a billionaire entrepreneur is a testament to her determination, talent, and business acumen. As Selena Gomez continues to break barriers, her net worth is sure to rise even higher in the coming years.
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Bhupinder Singh serves as a Principal Executive in Content Management, specializing in SEO content related to trending financial news, net worth of celebrities, historic events, and art and culture. His passion for cricket shines through in his work and personal interests. In his free time, Bhupinder enjoys discussing cricket legends like MS Dhoni and Sachin Tendulkar, as well as following the IPL.
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