Selena Gomez's Rare Beauty Empire Propels Her to Billionaire Status

Selena Gomez is on track to become a billionaire thanks to her booming beauty empire, Rare Beauty. As the founder and 100% owner of the company, Rare Beauty is projected to generate at least $300 million in revenue in 2023. With a mission to produce accessible and beloved products at moderate prices, Rare Beauty also donates 1% of its revenue to the Rare Impact Fund, aiming to raise and donate $100 million over its first 10 years. With her growing business empire, including partnerships, producing shows, and a mental health startup, Selena Gomez's estimated net worth is currently at $800 million.