Forbes Revises Selena Gomez Net Worth to $700 Million Amid Wondermind Financial Struggles

Selena Gomez's billionaire status has been challenged following reports of financial difficulties at her mental health startup, Wondermind, which she co-founded with her mother Mandy Teefey and Daniella Pierson. Forbes recently revised Gomez's net worth estimate to approximately $700 million, down from the $1.3 billion figure Bloomberg reported in 2024. Wondermind faced payroll issues, layoffs of nine out of fifteen employees, and tens of thousands of dollars in unpaid debts, with Mandy Teefey reportedly taking a personal loan against her home to support the company. Wondermind spokespersons characterized the financial troubles as "growing pains" and stated that outstanding debts had been resolved and a new chapter for the startup was beginning. Despite these challenges, Gomez maintained a confident public presence, notably attending a Disney event with co-stars from "Only Murders in the Building" while continuing to benefit from her successful beauty brand Rare Beauty, which generated substantial revenue and significantly contributes to her wealth. The extent of Gomez's personal financial involvement in stabilizing Wondermind remains unclear.