Selena Gomez's makeup brand Rare Beauty has catapulted her to billionaire status, according to a recent Bloomberg estimate.
Gomez, who's publicly discussed her own struggles with bipolar disorder, launched it as a way to promote mental health in the beauty industry.
Rare Beauty brought in a reported $350 million in sales last year, according to Business of Fashion.
A makeup brand promoting self-acceptance can seem asymmetric, which made Gomez think her products wouldn't sell, she told People in 2022.
Since then, she's expressed her pride in Rare Beauty's growth and dedication to promoting mental health.
Persons:
Selena, Ellen DeGeneres, Gomez, Barney, —, Mandy Teefey, Gomez's, who's, Scott Friedman, Omar H, Fares, she's, we've, Get
Organizations:
Bloomberg, Disney Channel, Disney, Wizards, Globe, Company, Fund, of, CNBC
Locations:
Grand Prairie , Texas, California, Waverly