Singer, actor, and entrepreneur Selena Gomez has received billionaire status, according to Bloomberg.
. She built her music career with hit songs throughout the 2010s, leading to her U.S. number one track “Lose You to Love Me” in 2020. Still, her music and acting efforts only account for a fraction of her wealth, with the Bloomberg report showing that music tours contributed to less than 5% of Gomez’s fortune, with album and record sales delivering less than 2%., alongside Martin and Short.
The beauty company was launched in Sept. 2020 and entered into a market already brimming with celebrity beauty companies, such as Rihanna’s Fenty Beauty. Still, its success has been notable and significant. “That’s what makes me most proud,” she told TIME. “When I’m able to have something like Rare or a single that people can relate to, I get so much joy when people say, ‘Hey, that helped me through a difficult time.’”
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