00:00Selena Gomez has officially joined the billionaire's club, with Newmark estimating her net worth
00:06at $1.3 million as of Friday, September 6.
00:10The outlet highlighted her beauty brand, Rare Beauty, as a key factor in her rise to billionaire
00:16status.
00:17Gomez launched Rare Beauty in February 2019, expanding her role beyond acting and singing
00:23to include entrepreneurship.
00:28According to the outlet, more than 80% of Selena Gomez's fortune comes from a majority
00:33ownership in Rare Beauty.
00:35The beauty brand has also emerged as a significant force in the influencer-driven market.
00:40The Rare Beauty has also emerged as a significant force in the influencer-driven market.
00:47Selena Gomez has joined a close friend, Taylor Swift, on the billionaires' list, making
00:52them the youngest self-made billionaires.
00:55While Gomez's fortune stems from a beauty brand and investments, Swift reached billionaire
01:00status in October 2023, primarily due to the immense success of her era store.
01:08In addition to a beauty brand, Selena Gomez's wealth is supported by her investment in real
01:13estate, her involvement with Wondermind, earnings from her music and acting careers, and profitably
01:19brand partnerships.
01:23Selena Gomez's achievements don't stop there.
01:25Her hit show Only Murders in the Building has been renewed for a fifth season.
01:29She also remains one of Instagram's top influencers, ranking third with endorsements that can earn
01:36her up to $30 million.
01:40This billionaire milestone is just one of many successes in Gomez's impressive career.
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