From Teen Idols to Business Moguls: Taylor Swift and Selena Gomez poised to enter the nine-digit club, a journey that began 16 years ago during their Jonas Brothers days | HO 

The best friendships are made of trust, respect – and in Taylor Swift and Selena Gomez‘s case, more than $1.9 billion between them.

The longtime pals – who first crossed paths 16 years ago, when they were both romantically linked to the Jonas Brothers – have both made huge fortunes in their illustrious careers.

Just this month Taylor, 34, officially reached billionaire status, 17 years into her incredible journey to becoming music’s biggest superstar.

On Tuesday, Forbes released their 2024 billionaire list and the singer climbed to fourteenth place.

The lyrical wonder, 34, who is the most famous newcomer on the list, amassed an estimated $1.1 billion fortune, based on earnings from her blockbuster Eras tour, the value of her music catalog and her real estate portfolio.

The best friendships are made of trust, respect – and in Taylor Swift and Selena Gomez ‘s case, more than $1.9 billion between them. Both pictured with Katy Perry in 2011

This is on top of huge earnings from her first six albums, which she re-recorded as she negotiated with streaming platforms how her music is monetised.

The accomplishment is particularly monumental as she is among a small few who’ve achieved the milestone ‘through music and performing alone’.

Meanwhile Selena, 31, is estimated to have a net worth of $800 million, the majority of which, according to Parade.com, is thought to come from her successful make-up brand Rare Beauty.

The ex-Disney star set up the company only four years ago, and it has been hugely popular.

In October, Fast Company reported that Rare Beauty was expected to exceed $300 million in sales in 2023, according to industry insiders – ‘triple what it earned in 2022, when sales doubled from 2021’.

Meanwhile, recent rumours have also sparked speculation that Selena was going to sell the brand.

In January, Business of Fashion cited sourced who claimed Rare Beauty was ‘flirting’ with options but admitted the company hasn’t confirmed anything.

The outlet estimated a ‘$2 billion plus price tag’ – which could quickly thrust Selena into the billionaire club with bestie Taylor.

Just this month Taylor, 34, officially reached billionaire status, 17 years into her illustrious career as music’s biggest superstar

Meanwhile Selena, 31, is estimated to have a net worth of $800 million, the majority of which, according to Parade.com , is thought to come from her successful make-up brand Rare Beauty

Selena also stars, as well as produces, in hit TV show Only Murders in the Building. According to Variety, her co-stars Martin Short and Steve Martin both got $600,000 per episode.

As reported by Cosmopolitan, the wealthy star also has her own production company July Moon Productions – which was behind the highly successful 13 Reasons Why – and is also well known for her music.

The outlet added that her debut solo album saw her net worth break $10 million in April 2013, and that her touring has also racked in plenty of cash; Stars Dance Tonight is thought to have made $35.3 million while Revival brought in an estimated $35.6 million.

With 429 million followers on Instagram, it’s also no wonder that brands are jumping at the chance to collaborate with the actress – who has featured in campaigns for Coach – who she had signed a $10 million deal with – and Puma, who according to E! News paid her $30 million for a two year deal.

She is in at number three on the 2023 Instagram Rich List (after Cristiano Ronaldo and Lionel Messi), and thought to earn a whopping $2,557,825 per post, Hopper reports.

And that’s not to dismiss the cushy fortune the star would have started earning at a young age, with appearances on Wizards of Waverly Place, the Suite Life of Zack and Cody and Hannah Montana.

Taylor and Selena have been longtime friends since they met through the Jonas Brothers. Both pictured in January

Taylor and Selena have been longtime friends since they met through the Jonas Brothers 16 years ago.

Back in 2008, the pair kicked off their longstanding friendship when Taylor was dating Joe and Selena was thought to be dating Nick.

A month later after their double date, Taylor attended the premiere of Selena’s film, Another Cinderella Story, to show her support.

Since then, the duo have attended many red carpets, many award shows, and celebrated a number of birthdays together.

Selena has also made surprise appearances at Taylor’s concert tours including Speak Now and Reputation.

In August, Selena attended Taylor’s concert in Los Angeles as well as Arlington, Texas amid her ongoing, career-spanning Eras Tour with her younger sister, Gracie.

Selena even accidentally started a temporary feud with her friend Francia Raisa after she called Taylor her ‘only friend in the industry’ during an interview with Rolling Stone.

Singers Taylor and Joe pictured together at the 2008 MTV Video Music Awards at Paramount Pictures Studios

Back in 2008, the pair kicked off their longstanding friendship when Taylor was dating Joe and Selena was dating Nick. Selena pictured in 2008

Back in 2008, the pair kicked off their longstanding friendship when Taylor was dating Joe and Selena was dating Nick. Selena and Nick pictured in 2015

Francia, who donated a kidney to Selena, was apparently upset with Selena, though the Wizards Of Waverly Place star later clarified that she was referring to the music industry, which didn’t mean that Francia couldn’t still be a good friend in the film and television industry.

In November, Selena also joined Swift Taylor a girls’ night in New York City with Sophie Turner, Gigi Hadid, Cara Delevingne and Brittany Mahomes.

And for Taylor’s birthday on December 13, Selena shared a heartfelt birthday tribute to her pal, in which she called the performer a ‘goddess.’

Elsewhere in January, Taylor and Selena made headlines after they were seemingly caught gossiping at the Golden Globes.

Taylor’s Eras Tour is the first tour to cross the $1 billion mark, according to Pollstar’s 2023 year-end charts.