Core Insights - Justin Bieber is reported to owe his former manager $8.8 million, indicating a significant financial crisis for the pop star [1] - Selena Gomez, in contrast, has successfully built her wealth through her beauty brand Rare Beauty, which has reached a valuation of approximately $1.3 billion [3][4] - Despite her success, Gomez's mental health startup, Wondermind, is facing financial difficulties, having failed to pay employees and suppliers for several weeks [2][11] Group 1: Financial Status of Selena Gomez - Gomez's estimated net worth is around $700 million, which is still short of the billionaire mark [4] - The primary asset contributing to her wealth is her 51% stake in Rare Beauty, which generated $367 million in revenue in 2023 [5][6] - Analysts have valued Rare Beauty at approximately $1.3 billion, although recent market conditions have put downward pressure on this valuation [6][12] Group 2: Challenges Faced by Wondermind - Wondermind, co-founded by Gomez, has been unable to pay salaries and has laid off nine employees, leaving only four remaining [2][12] - The company has reportedly accumulated significant debt, although it claims to have repaid some of it [3] - CEO Mandy Teefey has taken personal financial risks, including mortgaging her home to secure loans for the struggling startup [3][12] Group 3: Business Operations and Future Prospects - Rare Beauty's products are sold exclusively through Sephora and its own website, with the brand's popularity largely attributed to its successful liquid blush [6][8] - Despite the challenges faced by Wondermind, industry experts believe that Rare Beauty can thrive independently of Gomez's celebrity status [12] - Gomez has diversified her income through various ventures, including acting, music, and endorsements, totaling approximately $90 million over the years [10]