00:00Selena Gomez is joining the ranks of other huge musicians who have created their own
00:04brands and become billionaires.
00:07While rumors that Selena Gomez may be engaged to her boyfriend, Benny Blanco Swirl, the
00:11only murders in the building star has been busy making money moves.
00:15Bloomberg reported on September 6th that Gomez has recently reached a net worth of $1.3 billion.
00:22According to the article, the quote, vast bulk of the net worth comes from Gomez's
00:26beauty brand, Rare Beauty.
00:28Rare Beauty carved out its niche in the cosmetics industry after launching back in September
00:32of 2020, and its name was inspired by challenging societal beauty norms.
00:37Gomez also advocates for mental health through Rare Beauty, and the brand has been praised
00:41for being cruelty-free as well.
00:43The milestone marks Gomez becoming one of the youngest self-made billionaires in the
00:47country, alongside fellow music star Taylor Swift.
00:51Back in May of this year, Gomez praised fellow musician-turned-beauty brand owner Rihanna,
00:55who started Fenty Beauty, gushing,
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