The company focused on mental health, Wondermind, of singer Selena Gomez would be going through a financial crisis, according to media. Forbes reported that Selena Gomez’s mother, Mandy Teefey, took a loan against her home to pay the salaries of the company’s workers.
Wondermind, co -founded by Selena Gomez dedicated to mental health, would be going through financial problems after she ran out of cash to pay at allies 15 employees, not including suppliers, the startup could not pay the salary of workers since March. That is why Mandy Teefey decided to get a loan to pay the payroll.
A Wondermind spokesman said in a statement to Forbes that the company, like other startups, was going through difficulties but that the economic situation was already being resolved.
“Like many startups, Wondermind has been crossing its own growth challenges. In the next few days we will enter a new chapter for Wondermind, and we will continue with our important mental health work that benefits hundreds of thousands of people,” the spokesman for Forbes told for Forbes while Teefy declined to offer statements and a representative of Gomez refused to comment on it.
This situation contrasts with the positioning Selena Gómez has as one of the richest entrepreneurs in the United States, with an estimated fortune of $ 700 million. The Makeup company Rare Beauty is one of Selena Gomez’s largest companies and that contributes greatly in her fortune. In 2021 the former Disney star launched Wondermind along with her mother and Daniella Pierson, founder and CEO of the Newsette female newsletter.
According to Forbes, Selena Gomez does not have an active participation in Wondermind. On the other hand, his mother is the one in charge of fully administering the startup that he confused with his daughter. However, as workers told Forbes, Teefey has failed to close beneficial agreements or make decisions for the company’s economic stability. Although Wondermind paid his collaborators the late fortnights, he failed in the payment of April 30, which has generated a climate of concern in the company.
Source: The newspaper NY
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