Is Selena Gomez Really Worth $1.3 Billion? A Closer Look

Selena Gomez is a famous singer, actress, and businesswoman. She has been in the entertainment industry for more than 20 years and has earned money from many different sources. Recently, some reports claim that her net worth is $1.3 billion. But is that really true? Let’s break down where her money comes from and see if she is actually a billionaire.

How Selena Gomez Makes Money

To understand her net worth, we need to look at her main sources of income.

1. Music Career Earnings

Selena Gomez has been successful in music, but compared to stars like Taylor Swift and Rihanna, her earnings are smaller. For example, Taylor Swift’s Eras Tour is expected to make over $1 billion, while Selena’s past tours made much less. She has sold over seven million albums and 22 million singles, which is impressive but not enough to make her a billionaire.

2. Acting and TV Shows

Gomez started acting as a child in Barney & Friends and later became famous for Wizards of Waverly Place. While she has acted in movies and TV shows, she doesn’t earn as much as Hollywood’s top stars. Unlike actors like Dwayne Johnson, who makes over $20 million per movie, her acting earnings are a smaller part of her wealth.

3. Rare Beauty’s Success

One reason people believe she is worth $1.3 billion is her makeup brand, Rare Beauty. In 2022, the company made over $100 million in revenue. However, revenue is not the same as profit. The beauty industry has costs like production, marketing, and store fees. Many reports suggest that Gomez only owns part of the company, so she does not keep all the money it makes.

4. Endorsement Deals

Selena Gomez has made deals with big brands like Puma, Coach, and Coca-Cola. These deals have made her millions of dollars, but even combined with her other earnings, they don’t seem to add up to $1.3 billion.

Why $1.3 Billion is Unlikely

1. Forbes Hasn’t Listed Her as a Billionaire

Forbes, which tracks the net worth of the richest people, has never included Selena Gomez on its billionaire list. In contrast, Rihanna, Kim Kardashian, and Jay-Z have been officially recognized as billionaires. If Gomez really had $1.3 billion, Forbes would likely have confirmed it.

2. A Company’s Value Isn’t Personal Wealth

Some people confuse a company’s worth with the owner’s net worth. Rare Beauty may be worth a lot, but that doesn’t mean Gomez personally owns $1 billion from it. Even Kylie Jenner was once claimed to be a billionaire because of Kylie Cosmetics, but later, Forbes discovered her wealth had been overestimated.

3. Taxes and Expenses Reduce Wealth

Rich celebrities also have big expenses, including:

• Manager and Agent Fees (which take about 10-20% of earnings)
• Taxes (state and federal taxes can take up to 50%)
• Luxury Spending and Donations

This means even though she earns a lot, a big part of it goes toward costs. Unlike business moguls like Jeff Bezos and Elon Musk, who own stock in billion-dollar companies, Gomez’s wealth mostly comes from income that is taxed heavily.

4. Comparison to Actual Billionaire Celebrities

To understand her financial situation, let’s compare Gomez to celebrities who are billionaires:

• Rihanna ($1.4 billion) – Most of her wealth comes from Fenty Beauty, where she owns 50% of the company.
• Kim Kardashian ($1.7 billion) – Earns most of her wealth from SKIMS and KKW Beauty.
• Oprah Winfrey ($2.5 billion) – Built her fortune through decades in TV, media, and business investments.

Selena Gomez does not yet have businesses on the same scale as these celebrities. Reports say she owns only part of Rare Beauty, meaning she doesn’t control its entire value.

Conclusion: A More Realistic Estimate

Selena Gomez is definitely rich, but her net worth is probably much lower than $1.3 billion. More realistic estimates suggest her fortune is between $100-$150 million, based on her earnings, business investments, and expenses.

The claim that she is a billionaire likely comes from misunderstandings about how company valuations work. Unless she owns most of Rare Beauty and has sold a large portion of it, she is not a billionaire yet.

What do you think? Do you believe Selena Gomez is secretly a billionaire, or is this an exaggeration? Let us know in the comments, and check out Enforbs for more celebrity financial insights!