Selena Gomez can now add the title “billionaire” to her identify. The multi-hyphenate bought her huge break on the Disney Channel’s Wizards of Waverly Place, and her success steadily developed over time. She landed a number of movies roles over time, together with her present Hulu present, Only Murders in the Building. After delving into music, Selena has launched six albums. However her music and appearing careers weren’t the prime elements in reaching her billion-dollar internet price. Selena’s magnificence model, Uncommon Magnificence, introduced in an overabundance in earnings, turning the Hulu star right into a billionaire.
Hollywood Life has rounded up Selena’s internet price and her earnings, under.
Selena Gomez’s Internet Price
Per Bloomberg, Selena’s internet price at the moment stands at $1.3 billion. The outlet credited Uncommon Magnificence as the rationale behind the monetary standing, citing her $1 billion stake within the firm.
How A lot Cash Does Selena’s Uncommon Magnificence Earn?
In accordance with TIME, Uncommon Magnificence has seen its gross sales progressively enhance over time. In 2023, a well-liked liquid blush product introduced in $70 million in income alone. Your complete firm is price round $2 billion as of 2024.
Throughout her Might 2024 interview with TIME, Selena mentioned her magnificence model and its message about confidence. The corporate’s founder additionally admitted that the work will be overwhelming “generally” and insisted that she “by no means” needed her enterprise to be “about making some huge cash.”
“I’ve this bizarre factor in my head the place if I give attention to the numbers, I’ll lose no matter it’s that made Uncommon Magnificence Uncommon Magnificence,” the “Single Quickly” artist advised the publication. “I by no means needed it to be about making some huge cash and that’s it.”
Whereas the model promotes self-love, Selena famous that she doesn’t need Uncommon Magnificence to “give off the vibe” that individuals must put on make-up to really feel assured.
As for what makes her “most proud” of the corporate, Selena famous that she takes satisfaction in providing individuals one thing they “can relate to.”
“I get a lot pleasure when individuals say, ‘Hey, that helped me via a tough time,’” she added.
How Else Does Selena Gomez Make Cash?
Though her major supply of wealth is from Uncommon Magnificence, Selena has constructed up her internet price in different methods. In 2017, the Emmy Award nominee partnered with Puma SE, which reportedly introduced her a two-year deal price round $30 million. Previous to that, Selena had partnerships with Coach and Louis Vuitton, each of which racked up tens of millions of {dollars}.
