Selena Gomez is reportedly nearing billionaire status as she celebrates her 31st birthday. The singer’s net worth is said to have spiked significantly, with CelebrityNetWorth.com estimating it at $800 million. The increase is primarily attributed to the success of Gomez’s makeup line, Rare Beauty, which is expected to generate substantial revenue in 2023. Last year, her empire was valued at about $95 million. Gomez’s success in the cosmetics industry follows a trend set by celebrities like Kylie Jenner, whose brand also propelled her to billionaire status.
Selena Gomez Turns 31 and is Allegedly Nearing Billionaire Status
Pop sensation Selena Gomez has just celebrated her 31st birthday, and the internet is buzzing with rumors that she is on the verge of becoming a billionaire. These rumors are primarily based on the purported spike in her net worth, attributed to the success of her makeup line, Rare Beauty.
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Selena Gomez’s Net Worth Skyrockets
According to CelebrityNetWorth.com, the singer’s net worth is currently estimated at $800 million. This significant increase from last year’s valuation of $95 million is primarily due to the success of her makeup line, Rare Beauty.
Selena Gomez net worth : Selena Gomez Turns 31: Internet Buzzes Over Her Near-Billionaire Status
Rare Beauty’s Success
A recent Bloomberg report highlights the success of Rare Beauty. The report states that Gomez’s blush product alone generated around $70 million in sales last year and is expected to triple that amount in 2023. This success story is a testament to the potential of celebrity-led cosmetic brands, with Kylie Jenner also becoming a billionaire thanks to her profitable brand.
Selena Gomez’s Birthday Wish
Despite their financial success, Selena Gomez remains focused on her passion for mental health awareness. In a birthday post, she expressed her gratitude for the work done through the Rare Impact Fund, an initiative by Rare Beauty. Instead of gifts, Gomez asked her fans to donate to the Rare Impact Fund, further emphasizing her commitment to mental health causes.
Conclusion
As Selena Gomez celebrates her 31st birthday, her net worth appears to be skyrocketing, mainly due to the success of her makeup line, Rare Beauty. However, the singer remains grounded and focused on her passion for mental health awareness, asking fans to donate to the Rare Impact Fund instead of birthday gifts.
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Whether or not Selena Gomez is nearing billionaire status remains to be confirmed, but one thing is clear: her influence and success extend far beyond her music career.
