American pop star, Selena Gomez is now a billionaire, in accordance with Bloomberg’s Billionaires Index.
The actress, singer and entrepreneur amassed an estimated $1.3 billion fortune from her Uncommon Magnificence model to music and hit exhibits.
In keeping with the publication, greater than 80% of Gomez’s internet price derives from her stake in Uncommon Magnificence Model Inc.
Model partnerships, appearing offers and mental-health startups additionally contributed to her wealth.
Gomez got here into the highlight as a baby star within the 2000s. She reportedly made round $3 million for her position as Alex Russo within the Disney Channel’s Wizards of Waverly Place from 2007 to 2012.
She then launched a music profession, first with the pop-rock band Selena Gomez & the Scene after which as a solo artist.
With 424 million followers, Gomez is behind solely soccer icons Cristiano Ronaldo and Lionel Messi as the most well-liked individual on Instagram.
Music excursions solely accounted for lower than 5% of Gomez’s wealth, with album and file gross sales lower than 2%. She hasn’t toured since 2016.
Most of Gomez’s fortune — roughly $1.1 billion — comes from her stake in Uncommon Magnificence.