Swift’s longtime best friend, Selena Gomez, was named a billionaire by Bloomberg.
In September 2024, Bloomberg estimated Selena Gomez’s net worth to be $1.3 billion, largely thanks to her makeup brand, Rare Beauty.
However, Forbes has estimated Gomez’s net worth at roughly $700 million, citing reported cash-flow issues with Wondermind, the startup Gomez cofounded in 2021 with her mother, Mandy Teefey, and entrepreneur Daniella Pierson.
Still, Forbes reports, “Gomez’s biggest asset is her estimated 51% stake in Rare Beauty.” The vegan and cruelty-free brand is widely recognized as one of Sephora’s biggest money-makers and most popular celebrity beauty lines; the cult-favorite blush alone generated $70 million in 2022.
In addition to her success as a businesswoman, Gomez is a celebrated actor. She has been nominated for several Golden Globes for the hit Hulu comedy series, “Only Murders in the Building.” She was also nominated for a Golden Globe for her supporting role in the 2024 film “Emilia Pérez.”
Gomez executive produces many of her own projects, including “Only Murders,” HBO Max’s “Selena + Chef,” and Disney Channel’s “Wizards Beyond Waverly Place,” a sequel to the show that made Gomez famous as a teenager.
Gomez began releasing albums while starring on “Wizards of Waverly Place” via Disney’s Hollywood Records. Since signing a new contract with Interscope in 2014, Gomez has released several solo albums and a handful of top-10 hits. Her latest album, “I Said I Love You First,” is a collaboration with her husband, Benny Blanco.
