Selena Gomez becomes a billionaire thanks to her rare beauty brand

Selena Gomezis officially one of the country’s youngest self-made billionaires thanks to her booming beauty brand!

At 32, Selena is now valued at a whopping $1.3 billion, with the majority of her wealth coming from her Rare Beauty empire, according to the Bloombergwhich lists them for the first time in its billionaires index.

Founded just five years ago, Rare Beauty is a hit with influencers and teens getting into makeup for the first time – thanks to Selena's enormous influence, her IG follower count is an incredible 424 million.

In addition to her beauty empire, Selena has amassed her fortune through brand partnerships, her mental health start-up Wondermind, and numerous acting jobs – like her Emmy-nominated role in “Only Murders In The Building” – all as a Disney child star!

Impressively, there are only a handful of women in the self-made billionaires club, but Selena is in good company and joins her pal Taylor Swift.