Selena Gomez’s net worth is now estimated to be $800 million in 2023

Selena Gomez’s net worth is now estimated to be $800 million in 2023.

For the unversed, Gomez started her beauty empire in September of last year, and within a year, it has been flourishing so well and earned triple what it did in 2022. Selena earlier this year became the most followed woman on Instagram, and that staggering fame has also played a significant role in increasing her business.

As per a report by Celebrity Net Worth, 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.

Today, Gomez’s net worth is a testament to her hard work, talent, and savvy business decisions. The impact of her increased wealth is evident in her lifestyle, her business ventures, and her standing in the entertainment industry. But it’s not just about the money. Her story is a testament to her resilience, her ability to adapt, and her commitment to her craft.

Selena Gomez’s journey to stardom began with her role in the children’s TV show Barney & Friends. From there, she quickly rose to fame with her role in Disney’s Wizards of Waverly Place, setting the stage for a successful career in music and acting. As her fame grew, so did her wealth.

The report further mentions that 1% revenue of Selena Gomez’s Rare Beauty gets deposited in the company’s in-house Rare Impact Fund. They even indulge in fundraising events, with one being at the White House last year, where they made $500,000, and they reportedly have plans for $100 million over its first ten years, and 70 per cent of it will go to BIPOC-led organisations.

The news has been going viral on Twitter, and it has been shared on Pop Tinz as well, and as soon as it landed there, people started giving out their takes on it.

According to a report by Fandomwire.com, Gomez’s career is as diverse as it is successful. Her music career, which includes three studio albums and numerous singles, has earned her substantial income from music sales, streaming royalties, and concert tours. Her acting roles, from TV shows to movies, have also contributed to her wealth. However, it’s not just her talent in front of the camera or on stage that has boosted her net worth. Gomez has also made savvy business decisions, partnering with major brands like Coach and Puma for lucrative deals.