Selena Gomez is America's youngest billionaire, worth RM5.6 billion
Agency
07/09/2024
At the age of 32, Selena Gomez has accumulated a net worth of US$1.3 billion (RM5.6 billion). - Reuters file photo
Selena Gomez is America's youngest billionaire, worth RM5.6 billion
At the age of 32, Selena Gomez has accumulated a net worth of US$1.3 billion (RM5.6 billion). - Reuters file photo
Hollywood star Selena Gomez can now add the title of billionaire to her long list of achievements.
The 32-year-old actor, singer, investor and entrepreneur just hit that financial milestone, making her one of the youngest self-made billionaires in the United States.
According to a Bloomberg report, Gomez's net worth is US$1.3 billion (RM5.6 billion).
Part of the "Only Murders in the Building" star's wealth comes from her singing career, brand collaborations and acting.
However, her biggest wealth is contributed through Rare Beauty, which is a cosmetic product she has been working on for the past five years which has been very successful among influencers and teenagers, Bloomberg reported again.
The brand's success has made her one of the "youngest self-made women" on the list, alongside the likes of Taylor Swift and Rihanna.
Rare Beauty, known for its liquid blushes and lipsticks that have gone viral on social media, reported net sales of $400 million (RM1.7 billion) in the 12 months to February.
Gomez also earned millions of dollars as a result of her collaborations with famous international brands such as Louis Vuitton, Coach and Puma, according to Bloomberg.
The artist also takes home "at least" US$6 million (RM26 million) each season for her Emmy-nominated turn in Hulu's hit film "Only Murders in the Building", which was recently renewed for a fifth season.
Gomez, who was born in Texas, has spent nearly three decades in the public eye, where her success has brought scrutiny to her fashion, boyfriend and health issues - including diagnoses of bipolar disorder and the autoimmune disease lupus.
She has written about her family's journey to the US from Mexico, starting with her aunt "hiding in the back of a truck" and recording songs in Spanish.
The singer became the most followed woman in the world on Instagram last year.
Gomez is followed by 424 million fans on the platform ahead of Swift and Kylie Jenner. - Agency
