Selena Gomez has officially become a billionaire thanks to the outstanding success of her cosmetics brand, Rare Beauty. However, the 32-year-old actress does not feel comfortable discussing money. In an interview on Entertainment Tonight, Selena shared, “I’m very grateful. But personally, I find it really uncomfortable to talk about money. I want to give all the recognition to the people who buy my products. They are the ones who made this dream of mine a reality. So I truly feel honored, grateful, and happy.”
The Rise of Rare Beauty
Since its launch in September 2020, Rare Beauty has become a standout brand, attracting attention from influential celebrities on social media, beauty bloggers, and the Gen Z generation. Selena Gomez has not only amassed a fortune from Rare Beauty but also from various entertainment projects as a singer, actress, and successful advertising face.
Impressive Sales from Rare Beauty
Rare Beauty is the best-selling brand at Sephora and continues to see rising sales year after year. In May, Selena dismissed rumors that she would sell her cosmetics empire after her net worth reached $2 billion.
Revenue Breakdown of Selena Gomez
Data from a research firm reveals that approximately 81% of Selena’s income comes from the Rare Beauty brand, while 6.9% comes from advertising and 4.8% from touring. Selena Gomez stated, “I really have no plans for that at all. I admit sometimes it overwhelms me. There’s a weird thing in my head that if I focus on the numbers, I’ll lose anything that made Rare Beauty. I never want it to just be a money-making job and that’s it.”
With Rare Beauty and a solid entertainment career, Selena Gomez is not only a billionaire but also a symbol of dedication and passion in the cosmetics and entertainment industries.
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