Selena Gomez recently shared her thoughts on her financial success, crediting her billionaire status to her Rare Beauty brand. In an interview with Entertainment Tonight, the 32-year-old expressed gratitude, stating, “I personally think it’s distasteful to talk about money… I’m really honored and just happy.”

Gomez reached billionaire status last month, with a net worth of $1.3 billion, as recognized by the Bloomberg Billionaires Index. The actress, singer, and entrepreneur highlighted that her brand, launched four years ago, is the primary source of her wealth.

In addition to Rare Beauty, Gomez has expanded her career into producing, including a reboot of Wizards of Waverly Place, and she remains a significant presence on social media, boasting 424 million Instagram followers.

Despite rumors of selling Rare Beauty at a $2 billion valuation, Gomez clarified her commitment to the brand, emphasizing that she never wanted it to be solely about profit. She also champions mental health awareness, with 1% of sales going to the Rare Impact Fund, which aims to raise $100 million over the next decade for underserved communities.

Celebrating four years of Rare Beauty, Gomez reiterated her mission: to celebrate individuality and authenticity through her products.