Actress and singer Selena Gomez has officially become a billionaire, according to Bloomberg’s billionaire index. The 32-year-old’s wealth is estimated to be $1.3 billion, primarily due to the success of her makeup company, Rare Beauty, which she founded five years ago.

Rare Beauty has achieved remarkable success, with net sales of $400 million in the past year, thanks in part to its popular liquid blush and lip tint products that have gone viral on social media. Gomez retains a stake in the company worth over $1 billion.

In addition to her business ventures, Gomez has also earned tens of millions of dollars from endorsement deals with top brands like Louis Vuitton, Coach, and Puma. Her acting career has also generated significant income, including a reported $6 million per season for her role in the Hulu series “Only Murders in the Building.”

Gomez’s wealth and success are notable not only for her age but also for her status as one of the youngest female self-made billionaires, alongside Taylor Swift and Rihanna.

Despite her many accomplishments, Gomez has been open about her struggles with mental health and the challenges of living in the public eye. She has used her platform to raise awareness about important issues and connect with her fans, who number over 424 million on Instagram.