Selena Gomez, 32, is now a billionaire. Her net worth is …

Selena Gomez is also the third most followed person on Instagram worldwide.

American actress, singer and entrepreneur Selena Gomez is now a billionaire, according to Bloombergwhich estimates her net worth at $1.3 billion. Some of the 32-year-old’s wealth comes from singing, brand partnerships and acting, but the “major portion” of her fortune is tied to her 5-year-old makeup company called Rare Beauty, according to the outlet. Her brand’s success has made her one of the “youngest self-made rich” on the Bloomberg Billionaire Index, alongside the likes of Taylor Swift and Rihanna.

Accordingly BloombergThe “Only murders in the building” Star has also amassed wealth as she is the third most followed person on Instagram. Behind football icons Cristiano Ronaldo, who has 639 million followers on the platform, and Lionel Messi, who has 505 million Instagram followers. Ms. Gomez herself has 424 million followers.

Selena Gomez has had a picture-book career, starting with “Wizards of Waverly Place” – a popular TV show on the Disney Channel. She also has a number of other popular TV shows and film projects. She created a now-canceled Max cooking show “Selena + Cook” and plays alongside comedy icons Martin Short and Steve Martin in the hit show “Only murders in the building”The 32-year-old has also earned tens of millions of dollars through endorsement deals with companies such as Louis Vuitton, Coach and Puma, as Bloomberg.

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However, despite her success on screen, those achievements only make up a relatively small portion of her wealth. The “vast majority” of her fortune is tied to Rare Beauty, which she launched in 2020. The brand reportedly generated net sales of $400 million in the 12 months to February. She also reportedly approached investors for Rare Beauty, aiming for a $2 billion valuation.

In 2020, Ms Gomes revealed she had been diagnosed with bipolar disorder and later said in an interview that any deal made with her must have a charitable or mental health aspect. She founded the Rare Impact Fund to raise $100 million to help people access mental health services.

The 32-year-old’s other sources of income include income from her show “Only murders in the building”, The series was just renewed for a fifth season, where she will reportedly earn $6 million per season and a smaller share of her music royalties.