In September 2024, Bloomberg estimated Selena Gomez’s net worth to be $1.3 billion, largely thanks to her makeup brand, Rare Beauty.
However, Forbes has estimated Gomez’s net worth to be roughly $700 million, citing reported cash flow issues with Wondermind, the startup Gomez cofounded in 2021 with her mother, Mandy Teefey, and entrepreneur Daniella Pierson.
Still, Forbes reports, “Gomez’s biggest asset is her estimated 51% stake in Rare Beauty.” The vegan and cruelty-free brand is widely recognized as one of Sephora’s biggest money-makers and most popular celebrity beauty lines; the cult-favorite blush alone generated $70 million in 2022.
In addition to her success as a businesswoman, Gomez is a celebrated actor. She has been nominated for several Golden Globes for the hit Hulu comedy series, “Only Murders in the Building.” She was also nominated for a Golden Globe for her supporting role in the 2024 film “Emilia Pérez.”
Gomez executive produces many of her own projects, including “Only Murders,” HBO’s “Selena + Chef,” and Disney Channel’s “Wizards Beyond Waverly Place,” a sequel to the show that made Gomez famous as a teenager.
Gomez began releasing albums while starring on “Wizards of Waverly Place” via Disney’s Hollywood Records. Since signing a new contract with Interscope in 2014, Gomez has released two solo albums and a handful of top-10 hits. Her latest album, “I Said I Love You First,” is a collaboration with her fiancé, Benny Blanco.
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