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CELEBRITY Selena Gomez has achieved a new milestone as the youngest billionaire in the United States (US), adding to her long list of achievements outside the world of entertainment and business.
The 32-year-old actress, singer, investor and entrepreneur is known to have an estimated net worth of US.3 billion.
Gomez’s wealth comes largely from her singing career, brand partnerships and acting. However, the bulk of her wealth is tied to Rare Beauty, the cosmetics line she founded five years ago that has become a hit with influencers and teens, Bloomberg reported Friday (6/9).
Gomez’s wealth is based on the estimated value of her stake in the beauty brand, plus her interest in mental health platform Wondermind, as well as income from music, acting, property and partnerships she promotes on social media, including her 424 million followers on Instagram.
His popularity on Instagram makes him the third most followed person, after football icons Cristiano Ronaldo (638 million) and Lionel Messi (504 million), which has helped attract major endorsement deals from Puma worth US$30 million and Coach with a US$10 million deal.
But her following has also helped boost her Rare Beauty line, placing it in the celebrity-led cosmetics brand category dominated by Rihanna and the Kardashians. Gomez has also reportedly courted investors for Rare Beauty, seeking a valuation of $2 billion.
Also read: Selena Gomez Releases Spanish Song ‘De Una Vez’
In 2020, Gomez revealed she was diagnosed with bipolar disorder and later stated in an interview with Entrepreneur that any deal she made would have to have an element that was charitable or in the mental health space.
He started the Rare Impact Fund to help raise $100 million to facilitate access to mental health services.
Other sources of income for the former child star include earnings from her Hulu show, Only Murders in the Building, which was just renewed for a fifth season and earns her $6 million per season, according to Bloomberg, as well as a small cut of her music royalties. (Z-1)
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Selena Gomez Becomes the Youngest Billionaire in the United States
Celebrity Selena Gomez has achieved a new milestone as the youngest billionaire in the United States, adding to her long list of achievements outside the world of entertainment and business. The 32-year-old actress, singer, investor, and entrepreneur is known to have an estimated net worth of US$1.3 billion [[1]][[2]][[3]].
Gomez’s wealth comes largely from her singing career, brand partnerships, and acting. However, the bulk of her wealth is tied to Rare Beauty, the cosmetics line she founded five years ago that has become a hit with influencers and teens, Bloomberg reported [[3]]. Gomez’s wealth is based on the estimated value of her stake in the beauty brand, plus her interest in mental health platform Wondermind, as well as income from music, acting, property, and partnerships she promotes on social media, including her 424 million followers on Instagram.
Her popularity on Instagram makes her the third most followed person, after football icons Cristiano Ronaldo (638 million) and Lionel Messi (504 million), which has helped attract major endorsement deals from Puma worth US$30 million and Coach with a US$10 million deal. But her following has also helped boost her Rare Beauty line, placing it in the celebrity-led cosmetics brand category dominated by Rihanna and the Kardashians. Gomez has also reportedly courted investors for Rare Beauty, seeking a valuation of $2 billion.
In addition to her business ventures, Gomez has also made headlines for her mental health advocacy. In 2020, she revealed she was diagnosed with bipolar disorder and has since used her platform to raise awareness and reduce stigma around mental health issues.
Gomez’s achievement as the youngest billionaire in the United States is a testament to her hard work, dedication, and entrepreneurial spirit. As she continues to build her business empire and inspire millions of fans around the world, it’s clear that this young billionaire is just getting started.
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What are the key factors that contributed to Selena Gomez becoming the youngest billionaire in the United States?
Selena Gomez Becomes the Youngest Billionaire in the United States
Celebrity Selena Gomez has achieved a new milestone as the youngest billionaire in the United States, adding to her long list of achievements outside the world of entertainment and business. The 32-year-old actress, singer, investor, and entrepreneur is known to have an estimated net worth of US$1.3 billion [[1]][[2]][[3]].
Gomez’s wealth comes largely from her singing career, brand partnerships, and acting. However, the bulk of her wealth is tied to Rare Beauty, the cosmetics line she founded five years ago that has become a hit with influencers and teens, Bloomberg reported [[3]]. Gomez’s wealth is based on the estimated value of her stake in the beauty brand, plus her interest in mental health platform Wondermind, as well as income from music, acting, property, and partnerships she promotes on social media, including her 424 million followers on Instagram.
Her popularity on Instagram makes her the third most followed person, after football icons Cristiano Ronaldo (638 million) and Lionel Messi (504 million), which has helped attract major endorsement deals from Puma worth US$30 million and Coach with a US$10 million deal. But her following has also helped boost her Rare Beauty line, placing it in the celebrity-led cosmetics brand category dominated by Rihanna and the Kardashians. Gomez has also reportedly courted investors for Rare Beauty, seeking a valuation of $2 billion.
In addition to her business ventures, Gomez has also made headlines for her mental health advocacy. In 2020, she revealed she was diagnosed with bipolar disorder and has since used her platform to raise awareness and reduce stigma around mental health issues.
Gomez’s achievement as the youngest billionaire in the United States is a testament to her hard work, dedication, and entrepreneurial spirit. As she continues to build her business empire and inspire millions of fans around the world, it’s
