The Best One Yet

💋 “Rare Billionaire” — Selena Gomez’s $2B lipstick. Trumponomics 2.0. Founder Mode vs Manager Mode.

Sep 9, 2024

Selena Gomez has become a billionaire thanks to her hot makeup brand, Rare Beauty. The podcast dives into Donald Trump's new economic plan, dubbed 'Trumponomics 2.0,' sparking debate among hosts. Discussion around Silicon Valley's 'founder versus manager mode' reveals a third, innovative management style. Plus, Mountain Dew is enticing relocations by paying individuals in the 'happiest' time zone! Tune in for insights on wealth, business strategies, and a dash of sports commentary.

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Quick takeaways

Selena Gomez's billion-dollar success illustrates the financial power of owning a popular brand like Rare Beauty in today's economy.

Donald Trump's Trumponomics 2.0 plan raises concerns about its viability, with skepticism from Wall Street over its potential economic impacts.

Deep dives

Selena Gomez Becomes a Billionaire

Selena Gomez has officially become a billionaire at the age of 32, primarily through her ownership of Rare Beauty, a makeup brand known for its vegan and cruelty-free products priced under $30. Despite her fame from music and acting, 80% of her net worth is derived from Rare Beauty, which generated $350 million in revenue last year and is currently valued at approximately $2 billion. This signifies a significant trend where ownership of a successful brand can lead to wealth accumulation, as opposed to relying solely on income from entertainment. Moreover, Gomez's success also reflects the growth of the middle market, where brands priced between luxury and discount options are thriving in today's economy.