Selena Gomez Is Reportedly Now A Billionaire
Selena Gomez is pop music's latest confirmed billionaire, according to Bloomberg.
www.iheartradio.caDirect answer: As of late 2024, Selena Gomez was reported to be a billionaire, primarily due to her Rare Beauty beauty brand, with Bloomberg estimating her net worth at about $1.3 billion. Since then, coverage has reiterated that billionaire status, though some outlets frame it in terms of Bloomberg’s estimate and note she remains active in multiple income streams beyond Rare Beauty.[1][5][6]
Key context
- Why she became a billionaire: The majority of wealth attributed to Rare Beauty, which she launched in 2019, plus other ventures in music, acting, investments, and brand partnerships.[6][1]
- Verification and phrasing: Bloomberg’s reporting has been the primary trigger for many outlets labeling her a billionaire; various outlets repeated or summarized Bloomberg’s figure without noting a formal regulatory filing.[1][6]
- Public commentary: Gomez has commented publicly about feeling grateful for the milestone and occasionally about money being a sensitive topic; most coverage centers on the business impact of Rare Beauty and related ventures.[5]
Would you like a brief up-to-date snapshot (as of May 2026) if there have been any notable changes, or a concise timeline of the key milestones that led to this status? I can pull the latest confirmed statements or statements from Bloomberg and major outlets and summarize with citations.