Selena Gomez has joined the elite ranks of musicians who have become billionaires, largely thanks to her beauty brand, Rare Beauty. While rumors swirl about her possible engagement to Benny Blanco, Gomez has been making major financial moves, with Bloomberg reporting her net worth has hit $1.3 billion. Rare Beauty, launched in 2020, stands out for its mission to challenge societal beauty norms and its advocacy for mental health. Praised for being cruelty-free, the brand’s success has made Gomez one of the youngest billionaires, alongside Taylor Swift. Gomez recently praised Rihanna’s Fenty Beauty, expressing admiration for Rihanna's authenticity and success.