The 9,000-square-foot property was custom-built in 1989. Though Petty, a Rock & Roll Hall of Famer, moved out after his divorce in 1996, his spirit can be found in the recording studio and a sunken performance space—elements Gomez likely appreciates.

"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.

From a mansion in Texas to a bungalow in California, here's a look at all the homes Selena Gomez has owned and sold over the years.

Selena Gomez has revealed why she’ll never boast about her new billionaire status.

The singer Selena Gomez told Entertainment Tonight that she thinks it’s “in bad taste” to talk about money. Gomez reached billionaire status at the age of 32. The post Selena Gomez says it’s “in bad taste” to talk about her billionaire status appeared first on Instafamosos.