"I'm really, really honored and just happy," said actress and singer Selena Gomez at the New York Film Festival after the Bloomberg Billionaires Index reported she's worth $1.3 billion.

The outlet shared that Gomez has also amassed wealth as the world’s third most-followed person on Instagram. The Disney Channel alum, who has 424 million followers, follows behind soccer star Cristiano Ronaldo, who has garnered 639 million Instagram followers on the platform, and Lionel Messi, who boasts 505 million followers.

Selena Gomez is speaking out about becoming a billionaire after the success of her Rare Beauty brand. “I’m very grateful,” Gomez, 32, told Entertainment Tonight in an interview on Monday. “I personally think it’s distasteful to talk about money.

Selena Gomez is "grateful" to be a billionaire following the success of her beauty brand. The 32-year-old actress and singer has reacted to becoming a billionaire, four years after launching her Rare Beauty brand in September 2020.

Selena Gomez doesn't like to talk about money but is "grateful" to have reached billionaire status.