Selena Gomez on Track to Join Taylor Swift in the Billionaire Club

Selena Gomez is poised to follow in the footsteps of her best friend Taylor Swift into the billionaire club, solidifying their status as two of the wealthiest friends in the international showbiz scene. Sixteen years after forming their close bond, Swift has officially become a billionaire, and Gomez is on track to join her sooner rather than later.

Hollywood’s renowned female singers Taylor Swift and Selena Gomez have become the epitome of wealthy best friends in the American entertainment industry. Swift and Gomez first met and bonded 16 years ago when both were dating the Jonas Brothers.

This month, Taylor Swift, aged 34, has been officially recognized by the prestigious financial magazine Forbes in the list of USD billionaires. This achievement comes 17 years after Swift embarked on her journey to become a professional singer. Swift has now entered the top 14 USD billionaire ranks in the entertainment-sports world, boasting an estimated net worth of $1.1 billion USD. This immense wealth is attributed to revenue from her Eras concert tours, the value of Swift’s music catalog, and her extensive real estate holdings across the United States.

Swift’s achievement is particularly noteworthy as she primarily amassed her fortune through her singing career, with little emphasis on business ventures. Meanwhile, Swift’s close friend, singer Selena Gomez (aged 31), has also managed to build her wealth to approximately $800 million USD.

In contrast to Swift, Gomez’s wealth is mainly derived from business ventures, notably her cosmetics brand Rare Beauty, which she founded four years ago. The brand has experienced remarkable success, with estimated sales surpassing $300 million USD in 2023, tripling the figures from 2022. Prior to this, the sales in 2022 had already doubled those of 2021. With exponential growth in sales each year, Rare Beauty has caught the attention of major players in the cosmetics industry, with many expressing interest in acquiring Gomez’s brand.

It is highly likely that Selena Gomez, after establishing a successful brand, will sell Rare Beauty for a significant sum, further boosting her wealth. Financial experts estimate that Gomez’s cosmetics brand currently holds a market value of over $2 billion USD, potentially allowing her to swiftly enter the billionaire club by either continuing her business ventures or selling her brand. The prospect of both Swift and Gomez joining the billionaire club is a foreseeable event in the near future.

In addition to her lucrative cosmetics business, Selena Gomez is also a proficient actress and producer. With a fee of $600,000 USD per television episode, Gomez has successfully diversified her career beyond singing. She owns her entertainment company, July Moon Productions, which has produced the popular TV series “13 Reasons Why” (2017-2020) and Gomez’s latest music projects.

Early in her career, Gomez earned significant income from her singing endeavors. Her solo album “Stars Dance” (2013) brought in her first $10 million USD, while her “Stars Dance Tour” (2013-2014) is estimated to have generated an additional $35.3 million USD. Her album “Revival” (2015) contributed another $35.6 million USD to her wealth.

With 430 million followers on Instagram, Gomez is highly sought after by major brands for advertising collaborations. Advertising contracts with large brands have earned Gomez millions of dollars per deal.

In fact, Gomez ranks as the third-highest-earning celebrity on Instagram. Statistics from 2023 show that Gomez trails only Cristiano Ronaldo and Lionel Messi in earning revenue from Instagram. On average, Gomez earns $2.5 million USD per sponsored post on the platform. Despite periods where she allows herself to pause in certain aspects of her entertainment career, Gomez has never truly stopped her artistic pursuits.

Having begun her career as a child actor at the age of 10, Gomez has continuously worked across various fields such as singing, acting, filmmaking, and cosmetics business. Swift and Gomez formed their friendship 16 years ago. In 2008, Taylor Swift was dating singer Joe Jonas, while Selena Gomez was romantically involved with Nick Jonas. Through their relationships with the Jonas brothers, the two singers became acquainted. They have since attended many events together, supporting each other’s important milestones in life and career. Selena Gomez once declared Taylor Swift as her only true friend in the showbiz industry.