Selena Gomez has joined the elite ranks of musicians who have become billionaires, largely thanks to her beauty brand, Rare Beauty. While rumors swirl about her possible engagement to Benny Blanco, Gomez has been making major financial moves, with Bloomberg reporting her net worth has hit $1.3 billion. Rare Beauty, launched in 2020, stands out for its mission to challenge societal beauty norms and its advocacy for mental health. Praised for being cruelty-free, the brand’s success has made Gomez one of the youngest billionaires, alongside Taylor Swift. Gomez recently praised Rihanna’s Fenty Beauty, expressing admiration for Rihanna's authenticity and success.
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00:00Selena Gomez is joining the ranks of other huge musicians who have created their own
00:04brands and become billionaires.
00:07While rumors that Selena Gomez may be engaged to her boyfriend, Benny Blanco Swirl, the
00:11only murders in the building star has been busy making money moves.
00:15Bloomberg reported on September 6th that Gomez has recently reached a net worth of $1.3 billion.
00:22According to the article, the quote, vast bulk of the net worth comes from Gomez's
00:26beauty brand, Rare Beauty.
00:28Rare Beauty carved out its niche in the cosmetics industry after launching back in September
00:32of 2020, and its name was inspired by challenging societal beauty norms.
00:37Gomez also advocates for mental health through Rare Beauty, and the brand has been praised
00:41for being cruelty-free as well.
00:43The milestone marks Gomez becoming one of the youngest self-made billionaires in the
00:47country, alongside fellow music star Taylor Swift.
00:51Back in May of this year, Gomez praised fellow musician-turned-beauty brand owner Rihanna,
00:55who started Fenty Beauty, gushing,