Selena Gomez is a billionaire with $1.3 billion from Rare Beauty

Selena Gomez is a billionaire with $1.3 billion from Rare Beauty

Selena Gomez simply turned one thing uncommon: a billionaire!

The Uncommon Magnificence founder, 32, is now a billionaire on the Bloomberg Billionaire Index with an estimated $1.3 billion fortune after the success of her Uncommon Magnificence model. The actress and singer has amassed her riches as one of many youngest billionaires in Hollywood after a storybook profession, starting together with her breakout star activate Disney Channel’s “The Wizards of Waverly Place.”

In keeping with Bloomberg, she has additionally amassed wealth because the world’s third most-followed particular person on Instagram behind a pair of legendary professional soccer gamers: 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.

Selena Gomez is something rare: the Rare Beauty founder and mental health advocate is now a billionaire worth an estimated $1.3 billion.

Gomez additionally has a slew of standard TV and movie initiatives. She created a now-canceled Max cooking present “Selena + Chef” and stars alongside comedy icons Martin Brief and Steve Martin on the Hulu hit “Solely Murders within the Constructing.” She’s additionally set to govt produce a reboot of her breakthrough present “Wizards.”

What’s Selena Gomez’s Uncommon Magnificence model?

The unique Uncommon Magnificence line was impressed by Gomez’s time sitting in a make-up chair for her varied profession initiatives together with TV reveals, music movies and films.

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“I am so excited to launch magnificence merchandise that not solely really feel nice, but additionally have fun what makes every of us uncommon,” Gomez in an authentic press launch. “These merchandise aren’t about being another person, it’s about being who you might be, whether or not that is rocking a full face of daring make-up or barely any make-up in any respect.”

One % of all gross sales from the road, and all funds raised from companions, go to the Uncommon Affect Fund, which has a objective to “increase $100 million over the subsequent 10 years to assist tackle the gaps in psychological well being providers for underserved communities.” Gomez has lengthy been an advocate for psychological well being consciousness.

In 2022, she launched the Apple TV+ documentary “Selena Gomez: My Thoughts and Me” and a single of the identical title which documented her issue dealing with childhood stardom and grownup fame.

Contributing: Jessica Kasparian, Reviewed

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