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Actress, singer, and entrepreneur Selena Gomez isn’t selling her multi-billion dollar beauty brand anytime soon.
Gomez made it clear in an interview this week that she has no plans to sell or take her beauty brand, Rare Beauty, public. Reportedly Equivalent to $2 billion.
“Honestly, there are no plans for that,” Gomez said. time.
Gomez is primarily focused on Rare Beauty product development and philanthropy. Rare Impact FundThe company has raised $13 million since Gomez founded it in 2020.
She told Time that she plans to stay involved in product development at Rare for “the next few years” and that she “didn’t want the company to just be about making money.”
Selena Gomez. Photo: Samir Hussain/WireImage
Gomez’s comments deny a report from March that Rare Beauty was in private talks about a possible sale or IPO.
Related: Will Selena Gomez become the next beauty billionaire?
Leah is popular on social media and sells a variety of products. Under $30 Makeup, body care, brushes and more.
$23 liquid blush from the same company I caught a virus On TikTok in 2022 Revenue: $70 million Among the company’s best sellers that year were tinted lip oil and matte lipstick. Ranking On that site.
rare Reportedly Achieve net sales of at least $400 million between February 2023 and February 2024.