Selena Gomez becomes a billionaire aged 32 after clever business idea

Selena Gomez is ‘slaying’ her way to billionaire status, having achieved this remarkable milestone at just 32 years old.

The actor from Only Murders in the Building, who first gained fame on Disney Channel’s Wizards of Waverly Place, is now worth an impressive $1.3 billion (ยฃ990 million).

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Selena Gomez is now a billionaire (Kevin Winter/Getty Images)

In 2020, she launched Rare Beauty and has since become one of the youngest female self-made billionaires, according to Bloomberg.

The brand focuses on mental health awareness and inclusivity, alongside its cosmetics.

Her stake in the company, renowned for its liquid blush and lip products, is estimated to be worth over a billion dollars.

Reportedly, over 80 percent of her wealth comes from Rare Beauty.

In 2023, speaking on KIIS-FM about the company, she said, โ€œI really tried my hardest to create a product that goes beyond just putting my name on something.โ€

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Selena is now worth $1.3 (ยฃ990 million) (Christopher Polk/NBC/NBC via Getty Images)

โ€œI wanted the products to be great, and I also wanted the message to be that makeup is meant to be fun.โ€

However, in an interview with The Hollywood Reporter in August, she stated that acting will always be her main priority.

โ€œActing has, and will always be, my heart,โ€ said the Emmy-nominated star, who appears in Only Murders in the Building alongside Steve Martin and Martin Short.

โ€œThereโ€™s so much that I want to do and that I havenโ€™t even scratched the surface of, and itโ€™s exciting to me.โ€

On season four of the show, which premiered earlier this month, she added, “I think this is our most exciting season yet.”

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She is the most followed woman in the world on Instagram (@selenagomez/Instagram)

“With absolute confidence, I’d say it was incredibly fun. The way everything came together was truly magical.”

“Everyone had an amazing time. Itโ€™s going to be quite an experience, from the trip to L.A. to all the other exciting activities we have planned.”

“This is shaping up to be my favorite season yet.”

Season four explores the aftermath of Sazz’s murder, with Charles’ former stunt double, played by Jane Lynch.

We’ll find out whether Sazz was the intended target or if the real aim was Charles.

This follows the trioโ€™s trip to Hollywood, where a movie adaptation of their podcast is in the works.

Eugene Levy, Eva Longoria, and Zach Galifianakis all make appearances, alongside Meryl Streep, who was featured in season three.

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