Selena Gomez has reached billionaire status, according to a new report that finds her wealth has been largely driven by her Rare Beauty cosmetic brand, which she launched in 2019, as well as other ventures that leverage her 424 million Instagram followers. With an estimated $1.3 billion worth, she’s now one of the country’s youngest female billionaires, Bloomberg reported Friday. Rare Beauty makes up 81.4% of Gomez’s fortune.