Selena Gomez has recently addressed the swirling rumors about her financial status with confidence, attending a high-profile Disney event just hours after Forbes debunked claims that she is a billionaire.
On May 13, Selena appeared unfazed and glamorous as she attended the 2025 Disney Upfront presentation at the Javits Center in New York City. The Emilia Perez actress wore a sophisticated floor-length black gown and was accompanied by her Only Murders in the Building co-stars, Martin Short and Steve Martin.
Forbes Refutes Billionaire Status and Highlights Financial Struggles of Wondermind
Earlier on the same day, Forbes released an article disputing the claims of Selena Gomez’s billionaire status. This came after reports surfaced that her health startup, Wondermind, was experiencing financial difficulties.
The report included information that Wondermind had laid off nine employees, offering two weeks’ severance pay, which left only four staff members. Wondermind, founded by Selena, her mother Mandy Teefey, and former partner Daniella Pierson in 2021, is said to have accumulated significant debts, though the company claims to have settled these financial obligations. Despite these challenges, Forbes estimated the company’s value at approximately $1.3 billion.
Mandy Teefey’s Efforts to Support Wondermind
According to sources, Mandy Teefey took personal measures to support the startup, even securing a loan against her own home to assist with the financial strain. However, it remains unclear how much Selena Gomez herself has invested in Wondermind, as insiders suggest that her direct financial contributions have not been fully disclosed.
Selena Gomez’s Continued Success Beyond Wondermind
While the financial concerns surrounding Wondermind have raised some questions, Selena Gomez’s career continues to thrive. In addition to her involvement in the popular beauty brand Rare Beauty, Selena earned an estimated $90 million from her various ventures, including television roles, music, brand endorsements, and tours.
Her continued success, despite the challenges faced by her startup, demonstrates her resilience in the face of adversity and reinforces her status as a prominent figure in entertainment and business.
