Selena Gomez’s net worth is now estimated to be $800 Million. Her net worth was around $95 Million last year

Selena Gomez’s net worth is now estimated to be $800 Million. Her net worth was around $95 Million last year

Selena Gomez is on her way to becoming a billionaire owing to her beauty company Rare Beauty, and it’ll only be a matter of days before the singer joins Rihanna’s exclusive club. Selena’s fan base has undoubtedly aided her in reaching this financial milestone so early, especially as she celebrates her 31st birthday today, July 22nd. Scroll down to find out more!

For the uninitiated, Gomez launched her cosmetics empire in September of last year, and within a year, it has tripled its revenue from 2022. Selena became the most followed woman on Instagram early this year, and her incredible fame has also helped her business grow significantly.

As per a report, Selena Gomez’s current net worth value stands at $800 million and is only $200 million away from becoming a billionaire. The Rare Beauty products range from $5 to around $30, and it is learnt that when the company was launched, it earned $100 million in revenue, while as of now, it has made $300 million.

According to the study, 1% of Selena Gomez’s Rare Beauty earnings is put in the company’s in-house Rare Impact Fund. They also hold fundraising events, including one at the White House last year, when they raised $500,000, and they apparently have ambitions for $100 million over the first ten years, with 70% going to BIPOC-led institutions.

The news has gone viral on Twitter, and it has also been published on Pop Tinz, where people have begun to give their thoughts on it.

One wrote, “Desperately wanted to know this, cheers”

While another said, “so proud of her”

Followed by, “Wow from 95m to 800m,” “meanwhile bts are struggling to pay rent,” and “bigger than any bts member.”

Thanks to Rare Beauty, Selena Gomez will soon be a billionaire with a net worth of $800 million already, which was around $95-$100 million last year. However, the numbers are not official, and Forbes is yet to confirm the status.

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