Here's your Forbes Daily Briefing for Tuesday, May 13th.

Today on Forbes, Selina Gomez's mental health startup couldn't pay its employees last month.

Wondermind, a mental health startup co-founded by singer, actor, and business mogul Selena Gomez,

is in the midst of a crisis after apparently running out of cash

and failing to pay its employees, vendors, and freelancers starting in late March.

For now, the Los Angeles-based company, which employs around 15 people to publish articles,

interviews, and podcasts about mental health topics, is being kept afloat by Gomez's mom, Mandy Tiefie,

who is Wondermind's CEO. Tifi told employees on Thursday that she took out a loan against her

home to pay back its outstanding debts. Employees have been repaid for one missing paycheck,

but are still waiting on another, while freelancers and vendors

are owed tens of thousands, if not hundreds of thousands, of dollars.

A Wondermind spokesperson says the company has, quote, rectified the situation, and that

everyone who has owed money should have received it on Monday, meaning yesterday.

In a written statement, the spokesperson told Forbes,

quote, like many startups, Wondermind has been working through its own set of growing pains,

adding that, quote, in the coming days, we will be transitioning into a new chapter for Wondermind

and continuing our important work and mental fitness that helps hundreds of thousands of people.

Tifi declined to comment for this article, while a representative for Gomez did not respond to Forbes's

request for comment. Gomez, who is 32 years old, is one of America's richest self-made

entrepreneurs, worth an estimated $700 million.

Her fortune is largely tied up in her rare beauty makeup line, which she started in 2020 and had nearly $370 million in revenue in 2023.

She launched Wondermind in 2021 with her mom and Danielle Pearson, the founder and CEO of Women's Newsletter, The Nuzette.

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