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How newly minted billionaire Selena Gomez makes and spends her money

Lauren Edmonds,Jennifer Hussein,Madeline BergSep 9, 2024, 04:41 IST

Selena Gomez is now a billionaire. JB Lacroix/FilmMagic/Getty Images

Selena Gomez is a billionaire.
She amassed a fortune through multiple business ventures, TV shows, and brand sponsorships.

Selena Gomez is officially a billionaire.

Gomez appeared for the first time on Bloomberg's Billionaire Index on Friday when her net worth reached $1.3 billion. It's been a long time coming for the 32-year-old, who got her first paycheck as a child actor in the 90s on "Barney & Friends."

Now, Gomez is an entrepreneur with several revenue streams.

Here is how Gomez makes and spends her money.

Rare Beauty is the main factor in Gomez's wealth.

Selena Gomez at a Rare Beauty event in Beverly Hills. Stefanie Keenan/Getty Images

Gomez is a seasoned actor who launched a production company in 2007.

Selena Gomez and the cast of "Wizards of Waverly Place" on Disney Channel. Bob D'Amico / Getty Images

Gomez became a chart-topping pop star in the 2000s.

Selena Gomez performed during her Revival Tour in 2016.Gabriel Grams

Gomez earned millions from brand deals with companies like Coach.

Selena Gomez at Coach House Regent Street in 2017.Darren Gerrish/Getty Images

Gomez cofounded a media company called Wondermind.

Selena Gomez and her mother, Mandy Teffey, in 2012.Christopher Polk/VF12

Gomez has invested in real estate with her wealth.

Selena Gomez has purchased several homes since 2011. Gilbert Flores/Variety via Getty Images

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