Entertainment Music Pop Music Selena Gomez Feels 'Grateful' to Reach Billionaire Status but Thinks 'It's Distasteful to Talk About Money' "I'm really, really honored and just happy," said Gomez at the New York Film Festival after the Bloomberg Billionaires Index reported she's worth $1.3 billion By Jack Irvin Jack Irvin Jack Irvin has over five years of experience working in digital journalism, and he’s worked at PEOPLE since 2022. Jack started in the industry with internships at Rolling Stone and Entertainment Tonight, and he worked as a freelance writer for publications including Bustle, MTV News, Shondaland, L’Officiel USA, Ladygunn, Flood and PopCrush before joining PEOPLE. In his current role, Jack covers daily music news and has interviewed both up-and-coming and established artists including Dolly Parton, Michelle Branch, Ashanti, Cyndi Lauper, Normani, Carly Rae Jepsen and Coco Jones. People Editorial Guidelines Published on October 1, 2024 01:15PM EDT Comments Selena Gomez in New York City on Sept. 30, 2024. Photo: Kristina Bumphrey/Variety via Getty New billionaire Selena Gomez is staying humble. The "Hands to Myself" singer and Rare Beauty founder, 32, stepped out to the premiere of her new film, Emilia Pérez, during the 62nd New York Film Festival at Alice Tully Hall on Sept. 30 and opened up about one of her latest accomplishments: becoming a billionaire. "I’m very grateful," Gomez told Entertainment Tonight on the red carpet after the Bloomberg Billionaires Index recently reported she's now worth $1.3 billion — largely thanks to her cosmetics brand, Rare Beauty. Selena Gomez Reaches Billionaire Status from Various Business Ventures Including Rare Beauty: Report Selena Gomez in New York City on September 30, 2024. Dominik Bindl/WireImage "I personally think it’s distasteful to talk about money," she added, "but I really am giving all the credit to people who buy the products." "They’re the ones that made this dream of mine come true, so I’m really, really honored and just happy," continued Gomez, who's reportedly one of the youngest female self-made billionaires in the United States. Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Selena Gomez Gets Flirty Reply from Benny Blanco After Showing Off Sexy Dance Moves at Sabrina Carpenter Gig Selena Gomez in Los Angeles on Sept. 15, 2024. David Fisher/Shutterstock In addition to Rare Beauty, the Bloomberg Billionaires Index reported the Only Murders in the Building star's other major income sources include — from most to least prominent — endorsements, touring, her mental health startup Wondermind, albums, acting, streaming and real estate. Gomez previously spoke to Time about the success of her beauty brand. "I have this weird thing in my head where if I focus on the numbers, I’ll lose whatever it is that made Rare Beauty Rare Beauty," she told the outlet. "I never wanted it to be about making a lot of money and that’s it." The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now! Selena Gomez hosts the Inaugural Rare Impact Fund Benefit Supporting Youth Mental Health in October 2023 in Los Angeles. Monica Schipper/Getty In April, Forbes reported Gomez's friend, Taylor Swift, reached billionaire status due to her ongoing Eras Tour, extensive song catalog and real estate portfolio. Earlier this month, PEOPLE caught up with Gomez at the Toronto International Film Festival premiere of Emilia Pérez — where she expressed feeling "grateful" for all the "overwhelming" things happening in her professional life. "It's such a wonderful gift," added the "Lose You to Love Me" performer, who was also recently nominated for Outstanding Lead Actress in a Comedy Series at the Primetime Emmys for her role in Only Murders in the Building. Close