At the age of 32, Selena Gomez becomes one of the youngest American billionaires

She is one of the youngest women in the USA who has reached the status of a billionaire. Selena Gomez has entered the Bloomberg Billionaires Index ranking for the first time, which ranks the world’s 500 richest people according to their net worth. The analysis shows that her net worth is $1.3 billion, and most of it (80%) comes from Rare Beauty, a cosmetics line launched five years ago.

Many talents

To arrive at this result, the study took into account the estimated value of his shares in two of his companies: Rare Beauty, on the one hand, and Wondermind, on the other hand, a digital platform that promotes mental health. The report also includes the value of his album sales and assets, as well as income from streaming deals, brand partnerships, concert tickets sold and acting contracts. “Selena is not just a pop star,” Stacey Jones, founder and CEO of US branding agency Hollywood Branded, told Bloomberg. “She is a versatile businesswoman whose various sources of income contribute to her impressive net worth.”

A woman of influence

The most followed female personality on Instagram (424 million followers) has been able to use her influence wisely to help Rare Beauty grow. With her makeup tutorial videos garnering millions of views and her messages encouraging self-acceptance based on her own experiences, the star has made every product launch go viral. The main factor of this success. “Reality,” according to Brent Saunders, CEO of ophthalmology company Bausch+Lomb Corp. and an investor in startup Wondermind. “Here you have a true example of how famous people can use their influence and experience to do good and create good business. Selena embodies that,” he explains to Bloomberg.

According to Pitchbook, an American market analysis firm, Rare Beauty had annual revenue of $350 million, surpassing other celebrity-founded beauty brands such as Jessica Alba’s Honest Co. and Lady Gaga’s Haus Labs. the As for the Wondermind company, which he co-founded two years ago, in 2022 it was valued at $100 million.

Her digital fame has also been instrumental in promoting the fashion brands she has been an ambassador for, such as Puma, with whom she signed a two-year contract worth $30 million in 2017. He also negotiated a $10 million fee when he was chosen as the face of Coach in 2016, as well as another $10 million deal with Louis Vuitton that same year.

A successful artistic career

The actress of the film Emilia Perez has also managed to make a substantial profit from his career in film and television. One of his most famous roles is Alex Russo in the Disney series Wizards of Waverly Placewhich he held from 2007 to 2012, notably allowed him to earn a total of $3 million. In addition, the series Only murders in the building which she produced and co-starred in, earning her $6 million per season in addition to an Emmy nomination for Lead Actress in a Comedy Series.

Finally, if it’s because of the song that made it so popular, the translator My mind and me capitalizes on only a “relatively modest” portion of his wealth through the music industry. In fact, his tours only represent less than 5% of his net worth, while his album and record sales represent less than 2%. Indeed, the singer who suddenly canceled her tour Renaissance In 2016, he did not postpone touring due to his mental health issues. However, this concert series brought in more than $30 million in ticket sales.