Selena Gomez reaches billionaire status with $1.3 billion net worth

(CNN) - Selena Gomez can now add becoming a billionaire to her long list of achievements.

According to Bloomberg, Gomez’s net worth is now $1.3 billion.

That makes the 32-year-old actress, singer, investor, and entrepreneur one of the youngest self-made billionaires in the country.

Some of Gomez’s wealth comes from singing, brand partnerships, and acting -- but the vast majority is tied to Rare Beauty -- her makeup line that is popular with influencers and teens.

Her popularity on Instagram makes her the third most followed person.

She has a whopping 424 million followers -- which helps her rake in multi-million-dollar endorsements with brands like Puma and Coach.

Other revenue streams for the former child star include her Hulu show “Only Murders in the Building” -- which was just renewed for a fifth season.

Gomez earns a reported $6 million per season.

Copyright 2024 CNN Newsource. All rights reserved.