Selena Gomez has her cosmetics company to thank for her billionaire status

Selena Gomez is one of the world’s youngest billionaires as the 32-year-old former Disney Channel pop star and actress has cashed in her highly successful beauty and cosmetics brand. Gomez recently cracked the Bloomberg Billionaires Index, which values her net worth at $1.3 billion, according to Bloomberg News. The bulk of Gomez’s wealth is derived from her stake in Rare Beauty, the cosmetics company that she founded in 2020. The “Only Murders in the Building” star successfully leveraged her massive social media following, which numbers hundreds of millions of users...