The focus is on Selena Gomez and her mother Mandy Teefey due to rumors about financial difficulties at their mental health organization, Wondermind. On May 10th, Forbes published an article stating that staff members at the company recently didn’t receive their salaries, while independent contractors and suppliers were still waiting for overdue payments.
As your committed leader here at Wondermind, I recently made a significant personal financial decision. I utilized a home equity loan to meet our company’s current debt obligations, demonstrating my unwavering commitment to our shared success.
On the contrary, a source disclosed to PEOPLE that Teefey did not secure a loan for the salaries. Rather, the source explained that “Selena has poured millions of dollars into Wondermind over the years, an investment aimed at supporting her mother and their mutual dedication towards mental health.
As an over-the-moon fan, I’d say when Selena learned about the latest financial hurdle, she swiftly poured in more funds because she stays detached from the daily business affairs. Moreover, it was revealed that Mandy took charge by personally dipping into her savings to invest in the company’s future prosperity.
A representative from Wondermind informed Forbes that the problem has been resolved and all overdue payments will be settled by May 12th. The spokesperson explained, “Much like many startups, Wondermind has faced its fair share of growing challenges,” and went on to say that in the near future, they plan to embark on a new phase for Wondermind, carrying on their significant work in promoting mental wellness which benefits hundreds of thousands of individuals.
Established in December 2021, Wondermind is a venture co-founded by Selena Gomez, Mandy Teefey, and Daniella Pierson, founder of Newsette. The primary goal of this platform is to establish an open, judgement-free environment for discussions on mental health. It offers newsletters, essays, and podcasts that focus on mental wellness. In 2022, the company secured USD 5 million in funding, valuing it at a staggering USD 100 million.
Contrary to what some employees suggested, a spokesperson clarified to Forbes that Gomez actually met with the team more frequently than every three years. In 2021, Gomez shared with Entrepreneur that she had consistently used her influence in her career in meaningful places, and credited her mom for teaching her this valuable lesson.
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2025-05-12 12:52