Selena Gomez becomes a billionaire aged 32 after clever business idea

Selena Gomez is 'slaying' her way to billionaire status after achieving the incredible milestone aged just 32.

The Only Murders in the Building actor who rose to fame on the Disney Channel's Wizards of Waverly Place is now worth a whopping $1.3 billion (£990 million).

As well as being a successful singer and the most followed woman in the world on Instagram, Selena has got involved in a number of business ventures on the way.

Selena Gomez is now a billionaire (Kevin Winter/Getty Images)

In 2020, she launched Rare Beauty and has now become one of the 'youngest female self-made billionaires', according to Bloomberg.

The brand emphasises mental health awareness and inclusivity, as well as cosmetics.

Her stake in the company, which is known for their liquid blush and lip products, is estimated to be over a billion dollars.

And over 80 percent of her wealth is reportedly from Rare Beauty.

Speaking about the company in 2023 on KIIS-FM, she said: “I really tried my hardest to create a product that were beyond just me putting my name on something.

Selena is now worth $1.3 (£990 million) (Christopher Polk/NBC/NBC via Getty Images)

“I wanted the products to be great, and I also wanted the message to be that makeup is meant to be fun.”

However, in an interview with The Hollywood Reporter in August, she claims that acting will always be her main priority.

“Acting has, and will always be, my heart,” the Emmy-nominated star - who features in Only Murders In The Building alongside Steve Martin and Martin Short - said.

“There’s so much that I want to do and that I haven’t even scratched the surface of, and it’s exciting to me.”

On season four of the show, which dropped earlier this month, she added: "I think this is our most exciting season yet.

She is the most followed woman in the world on Instagram (@selenagomez/Instagram)

"That’s what I would definitely say with confidence, because it was far too fun. How it came together was so magical.

"Everyone had a blast. And people are in for a ride, you know. Taking us to L.A. and then doing all the other stuff is exciting.

"It’s going to be, to date, probably my favourite season."

Season four follows the aftermath of Sazz's murder, Charles' (Steve Martin) former stunt double played by Jane Lynch.

We get to find out whether Sazz was the intended target or if the true aim was Charles.

This comes after the trio heads to Hollywood, where a movie adaptation of their podcast is in production.

The likes of Eugene Levy, Eva Longoria, and Zach Galifianakis all feature, as well as Meryl Streep, who appeared in season three.

Only Murders in the Building is available to watch on Disney Plus now.