It looks like Selena Gomez is the next billionaire in the entertainment industry. The Only Murders in the Building actress, who turned 31 on Saturday, saw her net worth jump from $95 million to $800 million in just one year.
Selena Gomez sees a big jump in net worth thanks to Rare Beauty
Rihanna and Kim Kardashian will soon have to welcome a new member into the billionaire club. This is not a development that many people saw coming.
Gomez‘s net worth increased by 742% in just twelve months. Moreover, she accomplishes this without making much noise. Business experts say in weeks she will have her billionaire status.
Rare Beauty was launched in 2020 and was able to hit over $100 million in revenue in 2022. Observers say that number will be around $300 million this year.
From these numbers, CelebrityNetWorth.com concluded that Selena Gomez’s net worth should be around $800 million. While some are a little skeptical when it comes to the major conclusion, it is clear that Gomez’s Rare Beauty is booming.
Bloomberg says it is in at least 36 countries, selling $70 million of blush a year.
The publication also calls it TikTok’s favorite beauty brand. Gomez’s success on the platform is a testimony to the brilliant way she was able to turn social media into a major asset.
Gomez dominates the networking platforms by adopting a different approach than most of her colleagues. Her brand appears more wholesome, with an emphasis on being kind.
As she celebrates her birthday, Gomez has a clear career path ahead of her.
Gomez turns 31 in style
Money is flowing, and to mark the moment, Gomez celebrated her birthday with some of her favorite people in the entertainment industry.
Christina Aguilera, Karol G, Paris Hilton, Benny Blanco, and Sabrina Claudio all showed up for the birthday girl.
Gomez used her big day to encourage her fans to donate to the Rare Impact Fund. She plans to use the donations to improve the mental health of those in need.
The stunner says that mental health is her true passion in life. Her followers even claim it is a calling. Gomez has always been honest about the importance of mental health.
She recently reduced her social media activities after getting caught up in some drama with Justin Bieber‘s wife, Hailey Bieber.
Gomez and Bieber dated on and off for almost 8 years between 2010 and 2018.