Selena Gomez has made headlines as one of the youngest women to reach billionaire status, thanks to her beauty brand Rare Beauty. The success of her cosmetics company has catapulted her into the realm of self-made billionaires, with a net worth of $1.3 billion, according to the Bloomberg Billionaires Index. This accomplishment is a testament to Gomez’s entrepreneurial acumen and the power of her brand.

Gomez’s journey to billionaire status began in her early years as a child star on Disney Channel’s Barney & Friends and Wizards of Waverly Place. She then turned her attention to a successful music career, first with Selena Gomez & the Scene and later as a solo artist. Along the way, she has amassed a large following on social media, becoming one of the most followed celebrities on Instagram with 424 million followers.

One of the key factors in Gomez’s financial success has been her ability to leverage her celebrity status into lucrative brand partnerships. She has collaborated with major corporations such as Puma SE and Coach, as well as launching her own beauty brand, Rare Beauty. The success of Rare Beauty has been particularly noteworthy, with sales exceeding $350 million in its first year, surpassing competitors like Jessica Alba’s Honest Co. and Lady Gaga’s Haus Labs.

In addition to her business ventures, Gomez has also been vocal about her struggles with mental health, using her platform to raise awareness and funds for mental health services. She has pledged to donate 1% of Rare Beauty’s profits to the Rare Impact Fund, further solidifying her commitment to social causes.

Despite her success, Gomez remains focused on her career, with upcoming projects such as the next season of Only Murders in the Building and a potential return to music. She has expressed interest in continuing her acting career and hinted at the possibility of releasing another album in the future.

As Gomez’s star continues to rise, it will be interesting to see how she navigates the challenges of fame and fortune. With her innovative business ventures, philanthropic efforts, and steadfast commitment to her craft, Gomez has solidified her status as a powerhouse in the entertainment industry. As she continues to expand her empire, it is clear that Selena Gomez is a force to be reckoned with in Hollywood and beyond.