Selena Gomez joins elite club of billionaire musicians; here are the four others

Selena Gomez has reportedly reached billionaire status, with an estimated net worth of $1.3 billion. The singer, actress, producer, and entrepreneur joins a very small group of musicians who have achieved this level of wealth, largely thanks to her successful cosmetics brand, A rare beauty. According to BloombergSelena is currently one of only five living musicians who are billionaires.
One of the other famous members of this exclusive club is Jay-Z. As of September 2024. Forbes His net worth is estimated to be around $2.5 billion. Jay-Z’s wealth is largely based on his music and his ownership of Roc-A-Fella Records, which helped launch his career. Outside of music, Jay-Z has branched out into other businesses, including Roc Nation Sports, a sports agency. He has also made significant profits by selling his stake in the streaming platform Tidal and owns stakes in luxury brands such as Armand de Brignac champagne.
Taylor Swift is another musician who has achieved billionaire status. In October 2023, Bloomberg reported that Swift’s net worth exceeded $1 billion, which Forbes confirmed in April 2024. By September 2024, her net worth had increased to approximately $1.3 billion, largely due to her highly successful Eras tour and merchandise sales. Unlike many others, Swift’s net worth comes solely from her music career, with no additional business ventures.
Bruce Springsteen is also part of this exclusive group. Variety revealed that Sony has purchased his music catalog for a staggering $500 million. Springsteen’s ongoing tour, which began in February 2023 and is set to run through mid-2025, has further contributed to his wealth. In September 2024, Forbes estimated his net worth at $1.1 billion.
Rihanna rounds out this elite list of musicians who became billionaires. Thanks to her wildly successful cosmetics brand Fenty Beautyand her Savage X Fenty lingerie line, Rihanna’s net worth has skyrocketed. Forbes reported her net worth at $1.4 billion. Although Rihanna hasn’t released a new album since 2016’s Anti, her business ventures have made her one of the richest musicians in the world. Her work with Pumawhere she took over as creative director in 2014, also played a major role in increasing her net worth.
With her recent addition to this exclusive group, Selena Gomez now finds herself in the company of highly successful musicians who have created billion-dollar empires through their art and business acumen.