"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.

That number recently increased as it has been calculated that, thanks to her staggeringly successful cosmetics brand, actress and singer Selena Gomez is now a billionaire. While she has achieved an incredible milestone of success,

Singer/actress Selena Gomez has hit back after a backlash following a video clip of her dancing with her Emilia Pérez co-star Edgar Ramirez at a concert. The footage of her seductive dancing sparked speculation among her fans that her relationship with Benny Blanco was on the rocks.

Selena Gomez danced away and had the best time at Sabrina Carpenter’s concert at Madison Square Garden in New York City. The loved-up singer did not hold herself back from dedicating a performance to Benny Blanco,