Selena Gomez is now a billionaire and a member of the "elite club" of musicians with a 10-figure net worth. 

According to Bloomberg, Gomez's net worth in 2024 has reached $1.3 billion, declaring her as one of the country's youngest self-made billionaires among women. 

With her net worth, Business Insiders listed Selena as a member of the "elite club," a small group of billionaire musicians. So far, the artists who made it into the club include Taylor Swift, the late Jimmy Buffett, Jay-Z, Bruce Springsteen, and Rihanna.

Meanwhile, Gomez's wealth came from her main job as a music icon, producer, and actress, starting in the entertainment world through Disney Channel. 

In 2020, she continuously grew her affluence by becoming an entrepreneur and launched the beauty brand, Rare Beauty.  

Four years later, her own line quickly emerged as one of the leading celebrity brands and generated an annual revenue of $350 million in 2023, as per Global Cosmetic News.

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However, her financial success didn't just come due to luck. Through the years, Selena has been actively strategizing to expand her influence, business as well and connections by signing brand deals, and launching Wondermind. This mental health startup works together with Rare Beauty to promote inclusivity and health campaigns. 

Currently, Selena Gomez is also establishing her name in the acting field by starring in Hulu's "Only Murders in the Building Season 5."

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