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Selena Gomez has reportedly reached billionaire status.
Gomez recently appeared in the Bloomberg Billionaires Index ranking for the first time and is now reportedly worth a staggering $1.3 billion. In analysing her wealth, Bloomberg considered the estimated value of her stake in the beauty brand Rare Beauty, album sales, acting, and streaming deals.
While her music has been popular, it’s one of the smallest sources of her overall wealth, and it’s been noted that unlike her close friend Taylor Swift, she isn’t well-known for writing her own material – and could stand to double her earnings by penning her own songs.
Another major difference between Gomez and Swift is that touring accounted for less than 5 per cent of her wealth, with album and record sales even less so, at 2 per cent.
The ‘Hands to Myself’ singer hasn’t toured since 2016, when she was forced to cancel her ‘Revival’ tour after 55 shows due to mental health struggles. “As many of you know, around a year ago I revealed that I have lupus, an illness that can affect people in different ways,” she said in a statement at the time.
“I’ve discovered that anxiety, panic attacks and depression can be side effects of lupus, which can present their own challenges.”
The singer and actress has been candid about her mental health struggles, detailing her diagnosis of bipolar disorder in her 2022 documentary My Mind & Me.
“There was a lot of people that cared about me more than I cared about myself that really wanted me to do things I wasn’t ready for. I had to hit my rock bottom and I had to do it at my time,” she said during a SXSW panel in Austin, Texas.
She added: “I’d like to think and hope that I’m in a better place now.”
Earlier this year, Gomez received her first-ever Emmy nomination for her role in the last season of Only Murders In The Building.