Selena Gomez has officially joined the ranks of one of the youngest billionaires. According to Deadline, the `Emilia Perez` actor has achieved this financial feat primarily through the success of her beauty brand, Rare Beauty, alongside other lucrative ventures.

Launched in 2019, Rare Beauty has significantly contributed to Gomez`s estimated net worth of USD 1.3 billion, positioning her as one of the youngest female billionaires in the United States.