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The most recent star to join the Billionaire's Club is Selena Gomez. The 32-year-old actress, singer, businesswoman, and investor recently reached the milestone, making her one of the country's youngest self-made billionaires.
Gomez has officially joined the elite group with a net worth of $1.3 billion, according to the Bloomberg Billionaires Index. She is said to have amassed her income through a variety of endeavors, in contrast to friend and fellow musician Taylor Swift, whose wealth is largely derived from performing and touring.
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Now, once the news went public, her fans took to X to congratulate her and praise her for her achievement.
“Two talented billionaire besties,” wrote one X user.
The netizens referred to the fact that Selena’s close friend from the industry and fellow pop star Taylor Swift also entered the billionaires list. According to Forbes, Swift became a billionaire in October 2023 when her Eras Tour became successful.
Others feel that she is a self-made billionaire, who will always be on top.
“A self made billionaire,” another one praised.
“She will always be on top,” another one commented.
“Born to working class parents in texas now she is a billionaire,” one netizen said.
Other netizens talked about her haters and how they might be “crying.”
“Hailey could never,” some even talked about her haters and rivals.
“Selena will always have the last laugh lmao so the haters can keep crying about it,” wrote another one.
“Haters crying in the corner,” another one joked.
Selena Gomez became the latest celebrity to join the billionaire club alongside Taylor Swift
Selena Gomez, star of the popular series Only Murders in the Building, has created an amazing empire beyond her acting career. She has achieved success in a variety of fields, including acting, music, and beauty.
As per the Business Times’ September 5 article, Stacy Jones, the founder and CEO of Hollywood Branded, which is a branding agency located in Los Angeles, said that,
“Selena is not just a pop star. She’s a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.”
According to Bloomberg, her entrepreneurial adventure has cemented her position as one of the nation's youngest female self-made billionaires. Gomez's net worth is determined by Bloomberg while calculating her share in the beauty brand, her mental health platform, and her earnings from acting, music, real estate, and partnerships and promotions on Instagram which has 424 million followers.
Moreover, it's estimated that Rare Beauty accounts for the majority of Selena Gomez’s net worth. Approximately $1.1 billion is derived from her stake in the beauty brand.
Selena also earned $3 million for her work on the popular series Wizards of Waverly Place on the Disney Channel. Now, the singer makes $6 million from Only Murders in the Building. However, her acting career accounts for a mere 1.3% of her total value.
Moreover, roughly 7% was linked to her endorsement arrangements. In 2017, Selena Gomez declared that she was going to be the next Puma ambassador.
According to E! News, for a two-year deal with the company, Gomez was paid $30 million. In addition, Gomez received $10 million for serving as Coach's face in 2016 and had a $10 million contract with Louis Vuitton.
Even though she hasn't done a tour in years, her live performances still account for close to 5% of her total wealth. Sales from her 2016 Revival Tour exceeded $30 million.
Her album sales and streaming figures are said to have added 2.5% to her overall wealth. In addition, Selena is a co-founder of Wondermind, a business that sells solutions for mental health. It accounts for 2.6% of her total wealth.
Due to her popularity, she has the third-highest Instagram following, which is 424 million, after football stars Lionel Messi and Cristiano Ronaldo, which has helped her earn enormous endorsement deals with Puma and Coach.
Selena Gomez has not made any comments after her addition to the Billionaire's Club.
