Selena Gomez Turns 31. Is She Close to Billionaire Status?
Selena Gomez, the singing sensation, just celebrated her 31st birthday. But the buzz online isn’t just about her birthday. It’s also about the massive spike in her net worth.
The star is getting cheers from her Twitter fans, wishing her a special day and congratulating her on her rising fortune.
The number that’s making rounds is a whopping $800 million, attributing this surge in Selena’s wealth to her thriving makeup line, Rare Beauty.
The foundation for this new, unverified net worth appears to be based on a recent report from Bloomberg. The report reveals that Gomez’s Rare Beauty blush alone raked around $70 million last year. It further predicts that in 2023, Rare Beauty could triple that amount with just one product.
If this holds, it does give weight to the claim that Selena’s net worth has indeed skyrocketed. Last year, her total wealth was valued at approximately $95 million.
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The success story of Selena’s Rare Beauty echoes the prosperity other celebrities have found in the cosmetics industry. Kylie Jenner, for instance, reached billionaire status through her profitable cosmetics brand. It seems like Selena is on a similar path and might even be catching up.
In a birthday post, Selena acknowledged Rare Beauty and its contributions. She wrote, “I am thankful for so much in my life, and one of the things I am most thankful for is the work we’ve been able to do with the Rare Impact Fund through @Rarebeauty.”
Rare Beauty Impact Fund
For her birthday, Gomez requested her fans to donate to the Rare Impact Fund rather than buying her gifts, demonstrating her commitment to mental health advocacy.
