Actor, singer, and entrepreneur Selena Gomez is just not providing her multi-billion dollar elegance brand any time shortly.

Gomez clarified in an interview this week that she was not contemplating about providing her magnificence manufacturer, Rare Magnificence, or using it general public. The firm is reportedly worthy of $2 billion.

“I do not have any strategies on that, genuinely,” Gomez told TIME.

Gomez predominantly focuses on Rare Beauty’s solution improvement and philanthropy, overseeing the Scarce Effect Fund, which has elevated $13 million given that Gomez started the firm in 2020.

She informed TIME that she will be functioning on products and solutions for Rare “for the up coming number of a long time” and that she by no means wished the corporation “to be about creating a whole lot of money and that’s it.”

^{Selena Gomez. Photograph by Samir Hussein/WireImage}

Gomez’s remarks refute a March report that Scarce Elegance was in personal talks about a possible sale or IPO.

Relevant: Is Selena Gomez the Up coming Attractiveness Billionaire?

Rare is well-liked on social media and sells an array of $30 and less than makeup, body treatment, and brushes.

A $23 liquid blush from the company went viral on TikTok in 2022 and introduced in $70 million in profits that year. The firm’s bestsellers contain tinted lip oil and matte lipstick, for every a ranking on its web-site.

Scarce reportedly strike a lot more than $400 million in web product sales from February 2023 to February 2024.