Selena Gomez reaches billionaire status with $1.3 billion net worth
Selena Gomez has reached a new milestone by becoming a billionaire, adding to her many accomplishments.
As reported by Bloomberg, Gomez is now worth $1.3 billion.
This achievement solidifies the 32-year-old's status as one of the most successful self-made billionaires in the nation.
Some of the money Gomez has comes from singing, working with brands, and acting. But most of her wealth comes from Rare Beauty, her makeup brand that is well-liked by social media influencers and teenagers.
Her large fan base on Instagram has made her the third most followed individual.
She has an impressive 424 million followers -- which enables her to secure lucrative endorsement deals with companies like Puma and Coach.
Additional sources of income for the former child actor include her Hulu series "Only Murders in the Building" - which has recently been approved for a new season.
Gomez reportedly makes $6 million each season.
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