Selena Gomez's makeup brand is worth $2 billion — but she has no plans to sell

2024-04-24 20:19:31+00:00 - Scroll down for original article

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Selena Gomez has shut down rumors that she's looking to sell her makeup brand, Rare Beauty. The line has been valued at $2 billion and has earned more than $70 million from blush sales alone. During the Time100 Summit, Gomez said she's "enjoying this a little too much." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement The rumors aren't true, according to Selena Gomez. She's not eager to sell her makeup brand. In March, Bloomberg reported that Gomez's company, Rare Beauty, had hired financial advisors to join meetings with potential investors and buyers. The report came after The Business of Fashion named Rare Beauty one of the top merger and acquisition targets in January and valued the brand at $2 billion, citing $300 million in sales last year.