Why Is ‘How Is Selena Gomez a Billionaire?' Trending? Explained
So, here's everything you need to know about why the singer is trending and why her mother chose to seek out a loan.
The 'Love On' singer's mom recently took out a loan of an undisclosed amount against her own home to help Wondermind, the billionaire artist's mental health startup, pay its 15 workers. Through Mandy Teefey's efforts, the startup has been able to compensate its employees for one out of two missed paychecks.
Nevertheless, the company has yet to clear its payments to freelancers and other vendors. While Wondermind owes 'tens of thousands' to the said parties, as per Forbes, the organization still has to pay an estimated $60,000 to a PR firm.
The outlet further reported that monetary issues with the startup began in January 2023 when Gomez's mother took charge of Wondermind as its sole CEO. Emails obtained by Forbes further highlighted the company's dire situation, with Teefey even informing her employees that their healthcare partners will be forfeiting their benefits, in one of the messages.
Due to Wondermind's precarious condition, combined with Mandy Teefy's recent decision to take out a loan, fans have asked questions about how Selena Gomez is a billionaire. The 'People You Know' singer made it to the elusive 10-digit club in September 2024, with a reported net worth of $1.3 billion.
According to Bloomberg, a majority of Gomez's wealth comes from her Rare Beauty makeup brand, which she launched in 2020. Meanwhile, her acting and singing ventures, real estate investments, and paid partnerships also add handsomely to her massive fortune.
Originally reported by Apoorv Rastogi on ComingSoon.net.
The post Why Is 'How Is Selena Gomez a Billionaire?' Trending? Explained appeared first on Mandatory.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
9 hours ago
- Forbes
Today's NYT Mini Crossword Clues And Answers For Thursday, July 3
Mini Crossword In case you missed Wednesday's NYT Mini, you can find the answers here: The NYT Mini is a quick and dirty version of the newspaper's larger and long-running crossword. Most days, there are between three and five clues in each direction on a five by five grid, but the puzzles are sometimes larger, especially on Saturdays. Unlike its larger sibling, the NYT Mini crossword is free to play on the New York Times website or NYT Games app. However, you'll need an NYT Games subscription to access previous puzzles in the archives. The NYT Mini is a fun daily distraction that usually takes no time at all. I try to beat the standard weekday grid in less than a minute. But sometimes I can't quite figure out one or two clues and need to reveal the answer. To help you avoid doing that, here are the NYT Mini Crossword answers (spoilers lie ahead, of course): FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder NYT Mini Crossword Clues And Answers ACROSS 1) Glaswegian or Edinburgher - SCOT 5) 2025 Pixar film about a boy who gets abducted by aliens - ELIO 6) Strong string - TWINE 7) Religious devotee with a shaved head, maybe - MONK 8) Calligrapher's assortment - INKS DOWN 1) Attach, as a button - SEWON 2) Sound of two glasses being "cheers-ed" - CLINK 3) Noises from a pig - OINKS 4) "Little piggy" - TOE 6) "Did I overshare?" - TMI Mini Not a bad one today, as we have a few 'what else would it be' answers like CLINK and OINKS. I don't know much about TWINE but I guess that's a strong string. You probably did not get ELIO, the Pixar film, given that it just came out and is setting records as its worst performing movie ever, despite decently good reviews. Pixar just ain't what it used to be, I suppose. Follow me on Twitter, YouTube, and Instagram. Pick up my sci-fi novels the Herokiller series and The Earthborn Trilogy.
Forbes
11 hours ago
- Forbes
Today's ‘Wordle' #1475 Hints, Clues And Answer For Thursday, July 3rd
How to solve today's Wordle. Looking for Wednesday's Wordle hints, clues and answer? You can find them here: Yesterday was Wordle Wednesday and I gave you an extra puzzle to solve before the daily Wordle. Today, I'll give you the answer. This was the puzzle: A knight awakens, shackled in a stone cell. Water trickles in through the cracks, slowly rising. Across the room sits a sturdy table. Upon it rest three boxes: one red, one blue, and one gold. One and only one of these boxes contains the key to the cell. The knight may open only one box. These are the labels: Which box contains the key — and the knight's only chance at escaping his cruel prison alive? FEATURED | Frase ByForbes™ Unscramble The Anagram To Reveal The Phrase Pinpoint By Linkedin Guess The Category Queens By Linkedin Crown Each Region Crossclimb By Linkedin Unlock A Trivia Ladder The answer? The Gold box! Alright, here's today's Wordle! How To Solve Today's Wordle The Hint: An intoxicating flower. The Clue: This Wordle has a triple letter. Okay, spoilers below! The answer is coming! . . . Today's Wordle Every day I check Wordle Bot to help analyze my guessing game. You can check your Wordles with Wordle Bot right here. I started off kind of badly with STONE with 173 words remaining and just one yellow box. POUCH was a very lucky second guess. I was thinking COUCH because I'm looking for a new one for my TV room, but I didn't like the double 'C' so I moved to POUCH and snagged the first two green boxes. I still had 6 words left and no clue what the Wordle would be. I went with POLYP and finally narrowed it down to just one: POPPY for the win! Today's Wordle Bot I get 0 points for guessing in four and one point for beating the Bot. The Bot loses 1 point for guessing in five (ha!) and another for losing to me. That's -2 for the Bot. This brings our totals back to where we were at the start of July: Erik: 0 points Wordle Bot: 0 points The word "poppy" comes from Old English popig, which likely came from Latin papaver, meaning the poppy plant. The Latin word may have imitative origins, mimicking the sound of popping or the milky juice (pappa, meaning "milk" or "pap") found in the plant. The term originally referred to the flower and its opium-producing properties. Let me know how you fared with your Wordle today on Twitter, Instagram or Facebook. Also be sure to subscribe to my YouTube channel and follow me here on this blog where I write about games, TV shows and movies when I'm not writing puzzle guides. Sign up for my newsletter for more reviews and commentary on entertainment and culture.
Forbes
15 hours ago
- Forbes
Are One-Click Job Applications The Best Solution?
Generative AI has turned job hunting into a single-tap experience, letting candidates crank out polished résumés and cover letters in seconds and apply to jobs in a single click. That convenience sounds like a win for both sides, yet the overwhelming job application volume is making hiring harder. A Forbes report notes that the average corporate role now attracts more than twice the applicants it did just two years ago. Recruiters tell WIRED they routinely face 'hundreds or thousands' of résumés per posting, many generated by the very AI tools meant to streamline hiring. AI Opens the Floodgates Easy-apply buttons and résumé-writing agents have removed friction for job seekers, but they have not removed the human bottleneck inside talent-acquisition teams. Many candidates don't realize that there is often still a human behind the resume reviews and decision-making. While AI may help narrow down potential job matches, overwhelmed recruiters are still combing through thousands of applicants or screening those who may appear on paper to be a suitable option but in conversation prove otherwise. While many talent acquisition professionals agree the whole recruiting process has the potential to be automated, only part of the process has automated at present. Which leaves leaders to wonder: are we in recruiting purgatory? Making the mismatch worse is what's happening behind the scenes. Enterprise adoption of AI is moving far slower than applicant enthusiasm. Inside organizations, executives are struggling to create and adapt AI policies as fast as the technology is being developed. While they are eager to leverage the value of AI, it's not as easy as creating a few agents or enabling an 'easy apply' option within their existing tech stacks. Deloitte's 2025 TMT Predictions finds that only 30 percent of generative-AI pilots reach full production, largely because of data-quality and governance hurdles. McKinsey's latest State of AI survey shows that just 1 percent of senior executives describe their gen-AI rollouts as 'mature.' Until screening, scheduling, and decision making are equally automated, recruiters are often an important bottleneck but that means candidates keep waiting. Waiting on a response from a recruiter may be fruitless. (Photo by: marka/Universal Images Group via ... More Getty Images) Candidates notice the disconnect when their resumes go into a black hole. Forbes columnist Keith Ferrazzi warns that delayed or absent responses slash candidate goodwill and, by extension, consumer trust. The vicious cycle is familiar: applicants feel ignored, so they shotgun even more résumés, further clogging the system. The future of recruiting from the organizational lens though seems exciting. A fully AI-automated talent acquisition system could revolutionize how we hire candidates against business needs. But the present-day operations of most organizations means it may be years before we can begin to see the value of automation. In the meantime, the job application volume is hurting both candidates and the employers who want to hire them. Four Practical Moves to Break the Cycle Since this purgatory may last for some time, what can organizations do in the meantime? Recruiters can't own the pace of change, this isn't a forever situation. It may seem strange to become experts in the technology that may replace your job, but it also forces recruiters to be proactive and carve out their strengths–where they can be valuable in ways technology can't. Negotiating an offer is ripe with emotion, and may never be the best thing to automate if employers want to start off on the right foot with new employees. It's important to remember, AI is not the villain here; unmanaged scale is. By pairing recruiter strengths with disciplined change management, talent teams can turn today's flood of applications into tomorrow's more focused pipeline, and protect the candidate experience along the way.
