How Selena Gomez Built a $1.3 Billion Empire || Inside Selena Gomez's Multi-Billion Success Story

in this video How Selena Gomez Built a $1.3 Billion Empire, Inside Selena Gomez's Multi-Billion Success Story. Selena Gomez has officially joined the ranks of billionaires, with a net worth of $1.3 billion, according to Bloomberg's Billionaire Index. At 32, she has built her fortune through multiple ventures, but her journey to success wasn’t easy.

Raised by her single mother, Mandy Teefey, who had Selena at 16, Gomez grew up facing financial hardships. In a 2012 interview with *Elle*, Gomez recalled times when they couldn't afford gas. Her mother worked multiple jobs to support her after divorcing Selena's father when she was five.

Gomez’s passion for acting began on her mother’s theater sets, leading to her debut on Barney & Friends at 10. She rose to fame five years later with Disney’s *Wizards of Waverly Place*, earning her around $3 million. She then transitioned into music, releasing chart-topping albums like *Stars Dance*.

Interestingly, the majority of Gomez's fortune comes not from acting or music, but from her beauty brand, Rare Beauty, launched in 2020. The brand's success, particularly with its viral liquid blush, contributed to $350 million in sales by 2023. Around $1.1 billion of her wealth stems from her stake in the brand.

Gomez’s 424 million Instagram followers have also been crucial in promoting Rare Beauty and securing major endorsements with Puma and Coach, which added millions to her earnings.

In addition to her business ventures, Gomez co-founded the mental health startup Wondermind, valued at $100 million in 2022. She also supports mental health initiatives through the Rare Impact Fund, which donates 1% of Rare Beauty sales to mental health services, aiming to raise $100 million by 2030.

While her financial success is impressive, Gomez has expressed that her passion for mental health advocacy is her proudest accomplishment.