The Foundation ran out of funds last March. The multimillionaire actress has not given statements
The Wondermind mental health company, founded in 2021 by Selena Gomez, her mother Mandy Teefey and businesswoman Daniella Piersona serious financial crisis is going through. According to a report published by Forbes, Teefey, who currently occupies the position of CEO, had to request a loan with mortgage guarantee to cover salaries of approximately 15 employees after the company He will run out of funds in March 2025.
The aforementioned documents indicate that only one of the two pending salaries has been paidS, while suppliers and external contractors continue to expect payments that would reach “hundreds of thousands of dollars.” In addition, Wondermind would owe about 60 thousand dollars to a public relations firm, according to statements of employees under anonymity.
Wondermind’s statement
In a statement, the company acknowledged that it faces “typical growth difficulties” of a startup, and assured that pending payments would be completed on Monday, May 12. The suspension of medical benefits was also communicated internally, which forced workers to resort to Cobra coverage, a system used in the United States to keep medical insurance after a reduction of working hours or dismissals.
Some internal sources link financial deterioration to the appointment of Mandy Teefey as the only executive director in January 2023. Despite having been Selena Gomez’s artistic representative, certain workers expressed doubts about her capacity To lead a startup, they even affirmed that he rejected agreements with brands such as Airbnb when the active participation of the singer was required.
The Chief of Wondermind staff, Emma Wright, denied the accusations. “They are incredibly and extremely misleading,” he said, and defended Teefey’s leadership: “He has focused exclusively on keeping everyone’s livelihood intact and maintaining the growth of the company.”
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How did the Selena Gómez Foundation emerge?
Wondermind emerged as a platform focused on mental health and emotional well -being. In 2022, the company achieved a financing of five million dollars. However, he currently faces questions about his long -term sustainability.
So far, Selena Gomez has not issued public comments on the situation. The singer and actress, who reached the status of multimillionaire in 2024 thanks to the success of her Rare Beauty brand, continues to be the most visible figure of the initiative, although she does not participate directly in her management.
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