Selena Gomez Joins Ranks of World’s Billionaires, According to Bloomberg.

Selena Gomez has joined the billionaire’s club, according to Bloomberg’s Billionaires Index, with an estimated net worth of $1.3 billion.

The majority of her wealth, over 80%, comes from her ownership stake in Rare Beauty Brand Inc. Her fortune also stems from brand partnerships, acting deals, and investments in mental-health startups.

Gomez rose to fame as a child star in the 2000s, earning around $3 million for her role in Disney’s Wizards of Waverly Place. She later launched a successful music career, first with her band Selena Gomez & the Scene and then as a solo artist.

With 424 million Instagram followers, Gomez is one of the most popular individuals on the platform. Notably, music tours and album sales contribute only a small percentage to her wealth, with her last tour being in 2016.