Selena Gomez is the subject of litigation filed by five shareholders of Wondermind Global, a mental health-focused digital platform she co-founded with her mother Mandy Teefey and businesswoman Daniella Pierson approximately five years ago. The investors are seeking recovery of approximately $1.2 million in invested capital along with additional costs and damages.
According to the complaint, the shareholders contend that Gomez failed to honor commitments to actively participate in building the brand and that her “abject dereliction of her duties” contributed to the company entering a “state of financial calamity.” The lawsuit additionally alleges that the founders made false representations regarding the status of various business initiatives, including advertising partnerships, celebrity content features, and a mobile application, and that these projects were presented as already in development when investors were being recruited.
The claim further asserts that Gomez signed a contract obligating her to serve as head of marketing but subsequently failed to perform those duties. Beyond allegations regarding Gomez’s involvement, the lawsuit contends that Wondermind failed to meet fundamental obligations such as timely payment of employees and vendors. Investors stated they remained unaware of the company’s financial difficulties until an investigative news story published in September 2025 by The Cut, which raised questions about the company’s finances and management structure.
Gomez, currently listed as co-founder on Wondermind’s website, is among the world’s most-followed individuals on social media with over 500 million followers and an estimated net worth near $1 billion. She is also founder of cosmetics company Rare Beauty, established in 2020. The litigation involves investors based in New York and Florida, including Brent Saunders, chief executive of eye-health company Bausch + Lomb. Wondermind and Gomez’s representatives have been contacted for comment on the allegations.
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