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Selena Gomez can now add the title billionaire to her name. The multi-hyphenate got her big break on the Disney Channels Wizards of Waverly Place, and her success steadily developed over time. She landed multiple films roles over the years, including her current Hulu show, Only Murders in the Building. After delving into music, Selena has released six albums. But her music and acting careers werent the prime factors in reaching her billion-dollar net worth. Selenas beauty brand, Rare Beauty, brought in an overabundance in earnings, turning the Hulu star into a billionaire.

Hollywood Life has rounded up Selenas net worth and her earnings, below.

Per Bloomberg, Selenas net worth currently stands at $1.3 billion. The outlet credited Rare Beauty as the reason behind the financial status, citing her $1 billion stake in the company.

According to TIME, Rare Beauty has seen its sales gradually increase over time. In 2023, a popular liquid blush product brought in $70 million in revenue alone. The entire company is worth around $2 billion as of 2024.

During her May 2024 interview with TIME, Selena discussed her beauty brand and its message about confidence. The companys founder also admitted that the work can be overwhelming sometimes and insisted that she never wanted her business to be about making a lot of money.

I have this weird thing in my head where if I focus on the numbers, Ill lose whatever it is that made Rare Beauty Rare Beauty, the Single Soon artist told the publication. I never wanted it to be about making a lot of money and thats it.

While the brand promotes self-love, Selena noted that she doesnt want Rare Beauty to give off the vibe that people have to wear makeup to feel confident.

As for what makes her most proud of the company, Selena noted that she takes pride in offering people something they can relate to.

I get so much joy when people say, Hey, that helped me through a difficult time,'' she added.

Although her primary source of wealth is from Rare Beauty, Selena has built up her net worth in other ways. In 2017, the Emmy Award nominee partnered with Puma SE, which reportedly brought her a two-year deal worth around $30 million. Prior to that, Selena had partnerships with Coach and Louis Vuitton, both of which racked up millions of dollars.

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