Actor, singer, and entrepreneur Selena Gomez isn’t selling her multi-billion dollar beauty brand any time soon.<\/p>\n
Gomez clarified in an interview this week that she was not thinking about selling her beauty brand, Rare Beauty, or taking it public. The company is reportedly<\/a> worth $2 billion.<\/p>\n “I don’t have any plans on that, genuinely,” Gomez told TIME<\/a>. <\/b><\/p>\n Gomez mainly focuses on Rare Beauty’s product development and philanthropy, overseeing the Rare Impact Fund<\/a>, which has raised $13 million since Gomez founded the company in 2020.<\/p>\n She told TIME that she will be working on products for Rare “for the next few years” and that she never wanted the company “to be about making a lot of money and that’s it.”<\/p>\n Selena Gomez. Photo by Samir Hussein\/WireImage<\/sup><\/i><\/p>\n Gomez’s remarks refute a March<\/a> report that Rare Beauty was in private talks about a possible sale or IPO.<\/p>\n Related: <\/b>Is Selena Gomez the Next Beauty Billionaire?<\/b><\/a> <\/b><\/p>\n Rare is popular on social media and sells an array of $30 and under<\/a> makeup, body care, and brushes.<\/p>\n A $23 liquid blush from the company went viral<\/a> on TikTok in 2022 and brought in $70 million in revenue<\/a> that year. The company’s bestsellers include tinted lip oil and matte lipstick, per a ranking<\/a> on its site.<\/p>\n![\"\"](\"https:\/\/assets.entrepreneur.com\/images\/misc\/1717188661_Selena-GettyImages-2153650252.jpg?width=1000\")
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