Selena Gomez has recently joined an elite group of musicians who have reached billionaire status. 

With an estimated net worth of $1.3 billion, the singer and entrepreneur has climbed to this level largely due to the success of her beauty brand, Rare Beauty. 

According to Bloomberg, Gomez is now one of five living musicians in the billionaire club. Here’s a look at the others who have made the list:

1. Jay-Z – $2.5 billion

Leading the pack is rap mogul Jay-Z, with an estimated net worth of $2.5 billion as of September 2024, according to Forbes. Jay-Z built his fortune not only through music but also by diversifying into business ventures. His Roc-A-Fella Records label launched his career, and he later expanded into sports management with Roc Nation Sports. He also earned significant revenue by selling his stake in the music streaming platform Tidal and owns luxury assets, such as his stake in Armand de Brignac champagne.

2. Taylor Swift – $1.3 billion

Taylor Swift’s impressive net worth hit the $1.3 billion mark in September 2024, following the success of her record-breaking Eras Tour. Unlike others on the list, Swift’s wealth comes almost entirely from her music career, including album sales, touring, and merchandise. With no additional business ventures, her musical dominance alone has secured her a spot in the billionaire club.

3. Rihanna – $1.4 billion

Although she hasn’t released a new album since *Anti* in 2016, Rihanna’s business ventures have propelled her to a net worth of $1.4 billion, according to Forbes. Her beauty line, Fenty Beauty, and her lingerie brand, Savage X Fenty, are major contributors to her wealth. Additionally, her collaboration with Puma, where she has served as creative director since 2014, has further boosted her financial standing.

4. Bruce Springsteen – $1.1 billion

The legendary rocker Bruce Springsteen joined the billionaire ranks after selling his music catalog to Sony for $500 million. His ongoing tour, which started in February 2023 and will continue until mid-2025, has also contributed to his net worth, which Forbes estimates at $1.1 billion as of September 2024.

5. Selena Gomez – $1.3 billion

Joining the list in 2024, Selena Gomez’s wealth comes not only from her music and acting career but largely from her makeup line, Rare Beauty. With an estimated net worth of $1.3 billion, she has proven her business acumen and now stands among the world’s richest musicians.

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These five artists have not only dominated the music industry but have successfully expanded into business, turning their talents into billion-dollar empires.