Selena Gomez: From Disney star to $1.3 billion beauty mogul

Simone Del Rosario

FROM DISNEY STAR TO BILLIONAIRE BUSINESS MOGUL, SELENA GOMEZ HAS MASTERED THE ART OF REINVENTION. 

AND WITH ALL SHE’S GOT GOING ON RIGHT NOW, IT LOOKS LIKE HER EMPIRE IS JUST GETTING STARTED.

AT JUST 32, GOMEZ IS BREAKING IN AS ONE OF THE COUNTRY’S YOUNGEST SELF-MADE FEMALE BILLIONAIRES IN THE U.S. SHE HAS A FORTUNE VALUED AT ONE-POINT-THREE-BILLION, ACCORDING TO THE BLOOMBERG BILLIONAIRES INDEX ON FRIDAY. AND WHILE HER ACTING AND MUSIC CAREERS PLAY A ROLE, IT’S HER BUSINESS VENTURES THAT HAVE REALLY PROPELLED HER TO THE TOP. 

THE BULK OF HER WEALTH COMES FROM HER MAKEUP LINE, RARE BEAUTY, WHICH SHE STARTED JUST FIVE YEARS AGO. THAT ACCOUNTS FOR MORE THAN 80-PERCENT OF HER WEALTH. THE COMPANY BROUGHT IN 350-MILLION-DOLLARS IN REVENUE LAST YEAR, ACCORDING TO PITCHBOOK.

SHE ALSO HAS LUCRATIVE BRAND DEALS WITH COMPANIES LIKE PUMA AND COACH, AND SHE CO-FOUNDED WONDERMIND, A MENTAL HEALTH STARTUP VALUED AT 100-MILLION-DOLLARS. 

UNLIKE HER BILLIONAIRE BESTIE TAYLOR SWIFT, GOMEZ’S MUSIC CAREER MAKES UP JUST ABOUT 7% OF HER WEALTH, WHILE HER ACTING BRINGS IN EVEN LESS.

STILL, GOMEZ IS VERY MUCH A STAR ON SCREEN. SHE STARTED AS A CHILD STAR IN THE SHOW ‘BARNEY AND FRIENDS,’ AND LATER MOVED ON TO DISNEY WITH WIZARDS OF WAVERLY PLACE. SHE’S CURRENTLY IN THE SPOTLIGHT FOR HER ROLE IN THE EMMY-NOMINATED “ONLY MURDERS IN THE BUILDING.” SHE BRINGS IN AT LEAST SIX MILL PER SEASON FOR THAT, AND HER BONUS IS GETTING TO HANG OUT WITH MARTIN SHORT AND STEVE MARTIN.  

WHETHER IT’S BEAUTY, BUSINESS, SINGING OR ACTING, SELENA GOMEZ IS PROVING SHE’S NOT JUST STAR, BUT A POWERHOUSE.

I’M SIMONE DEL ROSARIO- FOR MORE STORIES THAT ENTERTAIN AND INFORM –DOWNLOAD THE STRAIGHT ARROW NEWS APP OR VISIT US AT SAN DOT COM.