Billion-dollar California cosmetics co-founder and mogul to be ordained as Catholic priest

"We're supposed to be living for our Lord and Lady. I was living for myself. I was idolizing myself. I was idolizing everything else out there that was luxury. I was a poster boy for luxury," Borba continued.

Borba remarked being approached with the idea of joining the priesthood "a thousand times" in his life, with his first experience coming from his mother in the third grade.

Borba now lives a modest lifestyle after selling his wealth and possessions, which he described as a way to give himself back to God.

"I am trying to do everything to show our Lord that He gave me everything in His divine providence. He has taken care of me all my life, and now I am to give it all back and to show Him that He is going to take care of me the rest of my life, whatever it's going to be," Borba told KSEE.