Mama de Selena Gomez Mortgage her house to save the singer’s mental health company ‘Wondermind’ | News from Mexico
Mandy Teefey, mother of Selena Gomez and executive director of Wondermind, decided Mortgage your house To cover the salaries of the employee of the mental health startup, after a serious financial crisis that affected the company.
According to a Report published by Forbes On May 10, 2025, the company began to run out of funds In March, which left in uncertainty the payments of its staff, made up of approximately 15 workersas well as suppliers and freelancers.
You might also be interested: Adela Micha announces the “death” of Selena Gomez by error; It confuses it with Selena Quintanilla
Wondermind faces financial crisis
Despite efforts to maintain the operation, Employees have only received one of the two salaries Earrings, while external contractors They continue waiting for payments that, according to statements from anonymous sources, They ascend “hundreds of thousands of dollars.” In addition, Wondermind would owe about 60 thousand dollars to a public relations firm.
A company spokesman said The situation “has been rectified” and that the remaining payments will be made this Monday, May 12.
Suspension of benefits and search for funds
According to internal documents cited by Forbes, in March, Mandy Teefey informed the team about the suspension of medical benefits Due to the lack of financial resources. In an email sent “in a day of well -being”, Teefey apologized to employees And he explained that they were working hard to get a new financing round.
Meanwhile, Employees were indicated to the Cobra program To maintain your medical coverage, a common resource in the United States when a person loses her job or reduces their working hours.
Mandy Teefey leadership questions
Wondermind’s financial situation was sharpened After Mandy Teefey assumed the position of single CEO In January 2023. Although Teefey has been a representative of the artistic career of Selena Gomez, some employees They have questioned their ability to lead A startup. It was even reported that he rejected agreements with great brands such as Airbnb, because these They demanded the active participation of Selena Gomez.
Emma WrightChief of Wondermind personnel, came out in defense of Teefey, qualifying said accusations such as “incredibly and extremely misleading”. In addition, he assured that Teefey “leads with pure grace” and has worked tirelessly to maintain the jobs and growth of the company.
He has focused exclusively on keeping everyone’s living and maintaining the growth of the company ”
– affirmed
The origins of Wondermind
Wondermind was founded in 2021 by Selena Gomez, Mandy Teefey and businesswoman Daniella Piersonwith the purpose of creating a digital space focused on emotional well -being and mental health. The company got a Financing of five million dollars The following year, which allowed its initial expansion.
For its part, Selena Gomezin addition to your participation in Wondermind, has accumulated a fortune that in 2024 reached 1.3 billion dollarsthanks to the success of its Rare Beauty cosmetics line, launched in 2020, as well as real estate investments and commercial collaborations.
You might also be interested: Was Benny Blanco unfaithful? Selena Gomez indirectly responds to rumors of betrayal with her friend
Uncertain future for Wondermind
Although Wondermind said that Pending payments will be completed And that the situation is in the process of solving, the financial challenges have left Doubts about the future of the company. Selena Gomez and Wondermind representatives have not yet issued an official statement regarding economic crisis reports.
The outcome of this situation could Determine the course of a company That it has been proposed to be a reference in mental health, in a context where economic stability still seems uncertain.
