Selena Gomez’s billionaire status has been hotly debated, but Forbes insists she hasn’t crossed that threshold. Here’s the breakdown of why the numbers don’t add up.
Forbes estimates Gomez’s net worth at $700 million, far below the $1.3 billion figure Bloomberg claimed in 2024. The gap stems from how her stake in Rare Beauty is calculated. While the makeup brand’s success contributed significantly, Forbes likely values her ownership share lower than others, especially after partial sales or partnerships that diluted her equity.
Gomez’s mental health startup, co-founded in 2021, has faced payroll issues and layoffs. Reports indicate unpaid debts and a skeletal staff, with her mother taking out a personal loan to keep it afloat. Though Gomez isn’t deeply involved in daily operations, the company’s instability casts doubt on its valuation and her financial returns from it.
Unlike Rihanna or Taylor Swift—whose billion-dollar fortunes stem from diversified brands (Fenty Beauty) or music empires—Gomez’s income relies heavily on Rare Beauty and endorsements. Her past deals with Puma and Coach added millions, but these one-time payouts don’t compound like ongoing business ventures.
While Gomez owns multiple properties, real estate isn’t as liquid as corporate equity. Forbes’ methodology emphasizes accessible wealth, which might exclude fixed assets or overstated valuations. Rare Beauty’s $5-$30 product range drives revenue, but profitability and long-term growth matter more in net worth assessments.
In short, inflated Rare Beauty valuations, Wondermind’s troubles, and a narrower portfolio keep Gomez shy of the billionaire club—for now.
