<p class="ingestion featured-caption">Most of Gomez's wealth comes from Rare Beauty.Stefanie Keenan/Getty Images</p><ul class="summary-list"><li>In September 2024, Bloomberg reported <a target="_blank" class href="https://www.businessinsider.com/selena-gomez-billionaire-rare-beauty-brand-2024-9">Selena Gomez's net worth</a> had crossed $1 billion.</li><li>Most of her fortune comes from her makeup brand, <a target="_blank" class href="https://www.businessinsider.com/selena-gomez-rare-beauty-makeup-brand-review">Rare Beauty.</a></li></ul><p>Selena Gomez, the actor-musician-producer-makeup-mogul, has been named a billionaire by Bloomberg — the outlet estimates her net worth at $1.3 billion, to be precise.</p><p>She joins a small group of musicians who are reportedly worth 10 figures, including her close friend Taylor Swift. Jimmy Buffett, before <a target="_blank" class href="https://www.businessinsider.com/jimmy-buffett-margaritaville-singer-billionaire-dies-2023-9">his death in September 2023</a>, was also part of this club due to his <a target="_blank" class href="https://www.businessinsider.com/jimmy-buffett-billionaire-makes-and-spends-his-money-2023-4">Margaritaville</a> empire.</p><p>Here's how these five musicians made their fortunes.</p>