Selena Gomez’s Net Worth Revealed: Why the Singer Calls Money Talk “Distasteful” Yet Acknowledges Fans

The Bloomberg Billionaires Index recently announced that Selena Gomez has achieved billionaire status, boasting a net worth of $1.3 billion. This significant increase in her fortune is attributed to the remarkable success of her beauty brand, Rare Beauty.

In an interview with Entertainment Tonight, Selena Gomez expressed her gratitude for this milestone but mentioned her discomfort with discussing financial matters, stating:

“I’m very grateful. I personally think it’s distasteful to talk about money. But I really am giving all the credit to the people who buy the products. They’re the ones that made this dream of mine come true. So I’m really, really honoured and just happy.”

Born in 1992, Selena Gomez began her career early, securing a role in Barney & Friends at just 10 years old in 2002. She gained widespread recognition for her lead role in the Disney series Wizards of Waverly Place, among numerous other film and television projects.

Selena Gomez is also celebrated for her musical accomplishments, with popular tracks such as “Calm Down,””Ice Cream,””Love On,””Love You Like a Love Song,””Fetish,”and “Lose You To Love Me.”In 2020, she founded Rare Beauty, a highly successful cosmetics line.

Selena Gomez’s Rare Beauty Valued at $2 Billion in 2024

According to Forbes, by 2024, Selena Gomez’s Rare Beauty was valued at an impressive $2 billion. Initially launched exclusively in Sephora stores across North America, the brand has since expanded its reach to various markets in Asia and Europe.

Despite speculation regarding a potential sale of her company, Gomez has consistently refuted these claims. In an interview with Time Magazine in May 2024, she stated:

“I don’t have any plans on that, genuinely. I will admit it overwhelms me sometimes. I have this weird thing in my head where if I focus on the numbers, I’ll lose whatever it is that made Rare Beauty Rare Beauty.”

In addition to her business ventures, Selena Gomez has been an advocate for mental health awareness. She established the Rare Impact Fund in 2020, dedicating 1% of all sales from Rare Beauty to benefit this mental health non-profit organization. According to The New York Post, the goal of the fund is to raise $100 million over the next decade to support underserved communities.

Furthermore, Selena’s endorsements with major brands including Adidas, Coca-Cola, Louis Vuitton, Pantene, and Puma have contributed significantly to her wealth. She is also known for her acclaimed albums like The Stars Dance, Revival, and Rare, and her appearances in films such as Game Over, Neighbors 2: Sorority Rising, and The Dead Don’t Die.

Gomez’s prominence in the entertainment industry was further solidified through her Golden Globe-nominated role in the hit series Only Murders in the Building, where she stars alongside Steve Martin and Martin Short. Reports indicate that she earned “at least” $6 million per season for her performance.

Recently, Selena starred in the Spanish film Emilia Perez, released in May, which has gained considerable attention. In this film, she played the role of Jessi Del Monte, earning widespread acclaim. The movie has been showcased at several prestigious film festivals, including the 2024 Cannes Film Festival, Toronto International Film Festival, and Busan International Film Festival.

Source