Will Selena Gomez finally join the list of musicians with a billion-dollar net worth?
Gomez started her career as a child actress, but she soon expanded her empire as a singer, social media star, songwriter, and producer. After becoming part of different industries, she took another massive step and joined the business industry with her own line, Rare Beauty, which now plays a huge role in her finances.
Selena Gomez's Net Worth 2023: Is She a Billionaire Now?
After decades of career, Selena Gomez's net worth reached a new milestone this year.
According to Celebrity Net Worth, the "Lose You To Love Me" singer's net worth in 2023 is already at the $800 million mark, and news outlets predicted she could be on the billionaires' list within the next few months.
As an entrepreneur, the singer has been known as an investor and co-owner of Serendipity, an ice cream brand. She also co-founded the startup, Wondermind, which helped her expand the mental fitness company.
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Her biggest break in the business industry arrived when she launched Rare Beauty in September 2020 and sent the products exclusively to Sephora. In 2022 alone, Gomez's cosmetic line earned $100 million in revenue and is running to generate $300 million this year.
According to the financial website, Rare Beauty's net worth is at least $1.2 billion as of press time, helping Gomez to see an increase in her own net worth, as well. She also makes sure that her business remains part of her philanthropic work, donating one percent of its total sales to its philanthropic fund.
Selena Gomez's Other Deals
Aside from her acting and music careers, she also landed on different multi-million deals over the past years.
In September 2017, Gomez scored a $30 million deal with Puma and became the brand's face.
"Puma has changed the game when it comes to the mash-up of athletic wear and fashion," she said at that time. "It's amazing to see this influence on style and culture and I'm excited to be a part of it. I am hoping that we can create something special together. We already have some really cool projects in the works."
She also secured a $10 million deal with Coach all while earning from her Instagram page through sponsored posts.
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