Selena Gomez has officially become a billionaire, with her net worth now at $1.3 billion, according to Bloomberg. At just 32 years old, Selena has made her fortune through a combination of business ventures, with her beauty brand, Rare Beauty, being one of the biggest contributors to her wealth.

Rare Beauty has been a major success since its launch in 2020. It quickly became a favorite in the cosmetics industry, especially among young people and influencers. Selena’s social media influence has played a huge role in this, as she currently has a massive 424 million followers on Instagram.

In addition to her beauty brand, Selena has diversified her income with various business partnerships, her mental health startup Wondermind, and her acting career. She stars in the Emmy-nominated show Only Murders in the Building, which has gained her critical acclaim.

Selena’s career began as a child actor on the Disney Channel, and she has since built an empire that spans multiple industries. Her latest achievement places her in the exclusive group of self-made women billionaires, including her close friend Taylor Swift.

Selena’s journey to billionaire status is an inspiring example of how determination, creativity, and strategic business moves can lead to extraordinary success.