Selena Gomez has officially joined the ranks of one of the youngest billionaires, an impressive accomplishment that underscores her multifaceted career and business acumen. According to Deadline, the celebrated actor and entrepreneur has achieved this financial feat primarily through the success of her beauty brand, Rare Beauty, which she launched in 2019, alongside other lucrative ventures that encompass various industries.
Rare Beauty has significantly contributed to Gomez’s estimated net worth of USD 1.3 billion, positioning her as one of the youngest female billionaires in the United States. Data reveals that the beauty brand accounts for a staggering 81.4 percent of her overall net worth. However, it is essential to note that Gomez’s billionaire status is not solely attributed to her beauty brand’s success.
Gomez’s wealth is also derived from numerous other sources. She holds a stake in the mental health startup Wondermind, which has received positive attention for its innovative approach to mental wellness. Her revenue streams further include earnings from music album sales, expansive real estate investments, and substantial profits from streaming deals, brand partnerships, concert tours, and her acting projects.
While her last solo tour, the Revival Tour, concluded in 2016, and her most recent album, ‘Rare’, was released in 2020, Gomez has remained an influential figure in the entertainment industry. She continues to garner acclaim as both a star and executive producer of the popular Hulu series Only Murders in the Building. The show, which has recently been renewed for a fifth season, has earned Gomez her first Emmy Award nomination for Outstanding Lead Actress in a Comedy Series. Additionally, Only Murders in the Building has been nominated for Outstanding Comedy Series for the third consecutive year, solidifying its impact and Gomez’s role within it.
Gomez is not resting on her laurels, however. She is set to revisit her television roots with the upcoming sequel series Wizards Beyond Waverly Place.
. The new series, scheduled to premiere on October 29 at 8 pm ET/PT, follows the massive success of her original Disney Channel show, Wizards of Waverly Place. Gomez and her former co-star David Henrie are not only reprising their beloved roles but are also taking on executive producer responsibilities for the sequel. This return to a familiar domain is expected to intrigue both old fans and new viewers, potentially adding another successful project to Gomez’s extensive portfolio.
In addition to her investments in entertainment and wellness, Gomez has strategically expanded her influence in the fashion industry. Rare Beauty’s product lines are not limited to makeup; they aim to challenge unrealistic standards of perfection and advocate for self-acceptance and mental health awareness. This holistic approach to beauty has resonated with a broad audience, thereby propelling the brand’s remarkable growth and contributing substantially to Gomez’s wealth.
Moreover, Gomez’s real estate investments have been both diverse and lucrative. She owns properties in various high-profile locations, each asset managed and leveraged to enhance her financial standing further. Her savvy approach extends to both personal and commercial real estate holdings, underlining her acumen in multiple fields beyond entertainment and personal branding.
Gomez’s journey from a Disney star to a global business mogul and advocate for mental health showcases her versatility and relentless drive. It speaks volumes about her ability to navigate and excel across different sectors. As an influential public figure, she continues to set new benchmarks for success and innovation, inspiring countless individuals worldwide.
As Selena Gomez stands among the youngest billionaires in the world, her story serves as a testament to the power of resilience, creativity, and smart business strategy. Her achievements have not only elevated her personal brand but also contributed positively to various causes and industries she is passionate about. Her fans, both old and new, now eagerly await her next projects, assured that whatever she undertakes will likely turn into another monumental success.
Published – September 07, 2024 12:34 pm IST
Entertainment
English cinema
Music
