Selena Gomez has officially entered the billionaire ranks with a $1.3 billion net worth, thanks to Rare Beauty's immense success.
Rare Beauty, founded in 2019, has skyrocketed in popularity, contributing the largest share to Selena's net worth through high sales and market valuation.
Gomez holds a significant majority stake in Rare Beauty, with her personal wealth closely tied to the brand's ongoing growth and success.
Rare Beauty is valued at an estimated $2 billion, with products like its liquid blush generating millions in revenue each year.
Selena's wealth is also supported by acting, music, and partnerships with major brands like Puma and Coach.
Cristiano Ronaldo, who boasts 639 million followers on the platform, and Lionel Messi, who has garnered 505 million Instagram followers. Gomez herself has 424 million followers.
The original Rare Beauty line was inspired by Gomez's time sitting in a makeup chair for her various career projects including TV shows, music videos and movies.