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Home Entertainment

Selena Gomez Becomes a Billionaire, Thanks to Rare Beauty

Rita OrakwuebyRita Orakwue
September 7, 2024
in Entertainment
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Selena Gomez Becomes a Billionaire, Thanks to Rare Beauty
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A recent report has revealed that American pop star Selena Gomez, is now a billionaire with an estimated worth of $1.3 billion by Bloomberg’s Billionaires index. More than 80 per cent is attributed to the equity ownership in the makeup firm she founded known as Rare Beauty.

Other than Rare Beauty, Selena has also benefited from acting contracts, endorsements, and mental health businesses. Gomez, who is famous for her role in Wizards of Waverly Place as Alex Russo, has 424 million followers on IG and is one of the most prominent personalities on the platform.

Music, however, makes up a small portion of her wealth, as Gomez hasn’t toured since 2016, and music sales account for less than 2% of her fortune. Rare Beauty is still her primary source of income as it brings approximately $1.1 billion.

Tags: Entertainmentfederal characterForeign NewsNewsRare beautySelena GomezSelena Gomez Becomes a BillionaireThanks to Rare Beauty
Rita Orakwue

Rita Orakwue

Orakwue Rita is a mass communication graduate and versatile content writer. With a background in journalism and creative writing, she excels in creating engaging and high-quality content for various platforms, including social media, blogs, and websites. Her storytelling skills make her a valuable asset in content creation.

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