Selena Gomez is officially a billionaire.

According to the Bloomberg Billionaires Index, the former Disney Channel child star and global sensation has reported assets of $1.3 billion.

“Selena is more than just a pop star,” said Stacy Jones, founder and CEO of Los Angeles-based branding agency Hollywood Branded, outlining the star's new billionaire status and the breakdown of her wealth. She told Bloomberg in an interview for an article that will be published in the next issue of the magazine.

“She is a multi-faceted businesswoman,” Jones continued, “and her diverse income streams contribute to her impressive net worth. [A large part of her wealth comes from her “Only Murder in the Building” star's makeup brand, Rare Beauty. But she has also managed to monetize various “brand partnerships, acting contracts, and mental health startups,” which has increased her overall net worth, the magazine said.

“We now have a true role model for how celebrities can use their influence and expertise to do good and create good business,” said Gomez, CEO of eye health company Bausch + Lomb and Gomez's mental health startup Wondermind. [...] [...] [...] [...] [...] [...] [...] [...] [...] [...]