According to Bloomberg, Selena Gomez’s net worth is estimated to be in the billions.

Selena Gomez has officially become a billionaire, with an estimated net worth of $1.3 billion, largely due to the success of her Rare Beauty makeup brand. Apart from her business ventures, Gomez has been active on-screen, appearing in projects such as the Hulu series “Only Murders in the Building” and the musical drama “Emilia Perez.” She has also released new singles through her label Interscope Records and has been teasing a new album. The Bloomberg report highlights Gomez’s social media impact, mental health brand, personal brand deals, and sponsorships as contributing factors to her wealth. Her upcoming project includes executive producing and starring in the Disney+ reboot of the Disney Channel series “Wizards of Waverly Place,” now called “Wizards Beyond Waverly Place,” which will premiere on Oct. 29. The report took into account her stake in Rare Beauty, interest in Wondermind, music album sales, properties, earnings from streaming deals, brand partnerships, concert tickets, and acting to determine her net worth. Gomez’s representative did not immediately respond to comments on the report.

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