"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.

When asked by ET, Selena Gomez expressed her pride in her beauty brand, Rare Beauty, being the catalyst to her billionaire status. “I really am giving all the credit to people who buy the products,” she said. “They’re the ones that made this dream of mine come true, so I’m really, really honored and just happy.”