Selena Gomez Is The Latest Member Of The Billionaires Club Thanks Largely To Her Beauty Brand

In the past year, Taylor Swift , Paul McCartney , and Bruce Springsteen have all become the billionaires. The latest member of the club: Selena Gomez .

Bloomberg reports that the singer and actress is one of the youngest female self-made billionaires in the United States. Of her estimated $1.3 billion net worth, over 80 percent — roughly $1.1 billion — comes from her Rare Beauty brand. But Gomez is also making money from her “brand partnerships, acting deals, and a mental-health startup, an array that should help ensure wealth longevity should she ever decide to stay away from the public eye.”

I know I’ve personally contributed to her fortune by streaming Selena Gomez & the Scene’s “Kiss & Tell” every week for the past decade.

“Selena is not just a pop star,” Hollywood Branded founder Stacy Jones said. “She’s a multifaceted businesswoman with diverse income streams contributing to her impressive net worth.” Carolyn Sloane, a professor at University of Chicago’s Harris School of Public Policy, added, “It’s smart that she’s kind of created a career that’s not so dependent on music being a big part of the financial piece.”

Gomez’s career also includes roles in Only Murders In The Building , which just returned for season 4, and Cannes Film Festival sensation Emilia Pérez . She’s involved with the Wizards Of Waverly Place sequel series , as well.