Selena Gomez’s billionaire status has been disputed due to conflicting valuations of her businesses and financial challenges at her mental health startup. While Bloomberg initially reported her net worth at $1.3 billion in 2024, Forbes now estimates it at $700 million in 2025. Here’s why her fortune falls short of the ten-figure mark.
## Valuation Discrepancies
Forbes and Bloomberg used different methods to assess Gomez’s stake in Rare Beauty, her cosmetics brand. Bloomberg’s earlier $1.3 billion estimate relied on aggressive growth projections for the company. Forbes, however, applied a more conservative valuation, factoring in market competition and operational risks, which lowered its perceived worth. This discrepancy explains much of the $600 million gap between the two reports.
## Wondermind’s Financial Struggles
Gomez co-founded mental health startup Wondermind in 2021, but the company faced payroll issues, unpaid freelancers, and layoffs in 2025. Nine employees were cut earlier this year, leaving only four staff members. Her mother and co-founder, Mandy Teefey, reportedly took out a personal loan on her home to fund operations. Though the company claims debts are now settled, these challenges likely reduced Wondermind’s valuation and Gomez’s equity stake.
## Limited Involvement in Ventures
Unlike billionaire peers like Rihanna and Taylor Swift, Gomez has been less hands-on with her businesses. Reports indicate she had minimal daily involvement in Wondermind’s operations. While Rare Beauty remains successful, its growth may not offset losses from other ventures without active oversight.
## Income Streams vs. Net Worth
Gomez earns from music, acting (Only Murders in the Building), endorsements (Puma, Coach), and social media sponsorships. However, these contribute less to her net worth compared to equity in businesses. Her real estate portfolio—including properties in California and Texas—adds value but isn’t enough to close the billionaire gap.
In summary, conflicting business valuations, Wondermind’s instability, and passive management roles have kept Selena Gomez’s net worth below $1 billion despite her multifaceted career.
