Selena Gomez is now a billionaire—report

At 32 years old, Selena Gomez has achieved billionaire status, all thanks to her make-up line Rare Beauty.

According to Bloomberg Billionaire Index, the American singer has now reached a net worth of $1.3 billion, making her one of the country's youngest women with a 10-figure fortune.

Her beauty brand accounts for 81% of her net worth estimated around $1.1 billion.

In March, Bloomberg reported that Gomez set a $2 billion valuation for Rare Beauty.

Aside from her earnings as a business owner, the actress is also generating an income out of her brand deals, tours, her mental health startup Wondermind, albums, acting projects, streaming, and real estate.

She also has million-dollar deals with brands such as Puma ($30 million) and Coach ($10 million).

Gomez is currently playing the role of Mabel Mora on "Only Murders on the Building." She is paid at least $6 million per season.

The former teen star made a music comeback last February 2023 with the song "Love On."

Her last full-length release was in 2020 with the album "Rare." She was featured in the BLACKPINK song "Ice Cream" that same year. In 2021, she released the Spanish single "De Una Vez."

She is set to reprise her role as Alex Russo for the pilot episode of the "Wizards of Waverly Place" sequel.