Texan singer, actress, producer and entrepreneur Selena Gomez tries on another hat for the waist after co-founding a media company focused on mental health.
Wondermind, slated to launch in February 2022, is an online platform aimed at helping people develop positive habits and connect with others. It will offer educational tools and resources, including podcasts and other media, in an effort to end the stigma surrounding mental illness, its website says.
Gomez co-founded Wondermind with his mother, Mandy Teefey, and Daniella Pierson, managing director of women-focused media company The Newsette.
“I’m so excited about Wondermind because I want there to be a place where people come together and understand that they’re not alone,” Gomez said in a video on the company’s website.
The To lose you to love me The singer believes talking about mental health promotes well-being and has been open about her own health issues. In April, she announced she had bipolar disorder on Miley Cyrus’ Instagram show. Shining mind.
“I went to one of the best mental hospitals in America, McLean Hospital, and discussed that after years of going through a lot of different things, I realized I was bipolar.” Gomez said at the time. “And so when I got more information it really helped me. It doesn’t scare me once I know it. She has also previously spoken about her battle with lupus.
In the Wondermind video, Ms Teefey says she has been misdiagnosed for over 20 years with bipolar disorder. It was later found to be Attention Deficit Hyperactivity Disorder, or ADHD, with trauma.
A growing number of celebrities are supporting mental health start-ups, including musician Nick Jonas, actor and businesswoman Gwyneth Paltrow and British Prince Harry. Research and analysis firm GIMBHI told the Contractor magazine that venture capital investments in mental health in 2021 will more than double from $ 2.3 billion in 2020.
Gomez, 29, has an estimated net worth of $ 75 million in 2021, according to the wealth tracking website Celebrity Net Worth. Besides her work as a television and film actress – from the age of 10 in the series Barney and his friends – she has sold over seven million albums and 22 million singles as a singer.
Its business activities include makeup, fragrance, fashion and handbag lines.
As one of the most popular artists of the past decade, Gomez also has several sponsorship deals under his belt, including a two-year deal with sportswear company Puma worth $ 30 million. and a $ 10 million sponsorship deal with luxury accessories brand Coach.
With 275 million Instagram followers, she could have earned up to $ 800,000 for every sponsored post on the social media platform.
Gomez is an active philanthropist who works closely with Unicef and volunteers with a number of other organizations. In 2020, his cosmetics company, Rare Beauty, launched the Rare Impact Fund to raise $ 100 million over a decade to fund mental health education.
Billionaire basketball player LeBron James will become part-owner of the Pittsburgh Penguins in a $ 900 million deal with sports, entertainment and real estate company Fenway Sports Group (FSG). Announced last week, the deal is subject to approval by the United States National Hockey League (NHL) board of governors, but is expected to be concluded by the end of the year.
The value of the transaction was not disclosed, but FSG will acquire a controlling stake in the Penguins. As part of the transaction, former Canadian professional hockey player Mario Lemieux and businessman Ron Burkle will continue to be part of the ownership group.
James, 36, made history as the FSG’s first black partner earlier this year and became a part owner of the Boston Red Sox baseball team. NBA star and business partner Maverick Carter owns an “undisclosed amount of shares” in FSG, which is valued at $ 7.35 billion.
Also in November, James teamed up with tennis star Naomi Osaka and rapper Drake to invest in sports technology and games company StatusPRO. The trio are made up of strategic investors in the company, whose personalized solutions are currently used by players and coaches of several National Football League teams.
Co-founded by former footballers Andrew Hawkins and Troy Jones, StatusPRO combines player data with extended reality to create a suite of coaching and fan engagement products for businesses and consumers in soccer and football. other sports.
The XR industry is expected to be worth more than $ 57 billion by 2027, the company said, with growth in the gaming, entertainment and healthcare industries.
In addition to the Penguins, the 17-time All-Star has owned a minority stake in Liverpool Football Club since 2011. His 2% stake in the football club, purchased for $ 6.2 million, is now estimated at around 49.2 million. millions of dollars. with KPMG valuing Liverpool FC at $ 2.6 billion.
With the purchase of FSG earlier this year, the Lakers star was able to increase his stake, AFP reported at the time.
Filmmaker and TV personality Karan Johar was involved in a $ 50 million fundraiser for consumer electronics brand Nothing.
Other strategic and private investors in the Series A expansion include cricketer and entrepreneur Yuvraj Singh and Indian fashion designer Sabyasachi Mukherjee, according to media reports. The roundtable ended in October, but the famous Indian investors were not announced until last week.
India is the largest market for London-based Nothing’s headphones, which sells 180,000 units per year, India today the magazine reported.
Johar has helped launch the careers of several successful actors through his company Dharma Productions and has an estimated net worth of $ 200 million, according to the Celebrity Wealth website. The richest.
Floyd Mayweather Jr
After earning over $ 1.2 billion in career income, Floyd Mayweather Jr invested a significant portion of the money in real estate.
His portfolio now includes nine buildings in the United States, he told the World Boxing Council in an interview last month. “Floyd Mayweather has made a lot of smart investments,” he said, speaking of himself in the third person. “One of the buildings I own is the tallest commercial building in America. So if you get the chance go to New York and check it out. This is my ninth skyscraper.
Mayweather, 44, was referring to One Vanderbilt, a 93-story tower in Midtown Manhattan. The extent of Mayweather’s involvement in the building is unclear, but he has hinted at a developmental role in media interviews. He has a conservatively estimated net worth of $ 450 million.
Mayweather last retired with a perfect 50-0 record in 2017, overtaking legendary heavyweight champion Rocky Marciano. The record was then broken by WBC minimum weight champion Wanheng Menayothin.
The American boxer has since returned for exhibition fights against Japanese kickboxer Tenshin Nasukawa in 2018, and in June he faced YouTuber Logan Paul in a 24-minute, $ 100 million bout.
Mayweather could still return for another one-off fight. In September, Oscar de la Hoya offered him $ 100million for a rematch, possibly next May.
British rock star Sting is reportedly discussing the sale of his vast catalog of songs for $ 250 million. Universal Music Publishing has been identified as a likely buyer, but the catalog could potentially remain with Sony Music Publishing, Variety magazine reports.
The sale went on for months in negotiations and is believed to include at least part of the 70-year-old’s recorded music rights, in addition to his songwriting work.
Sting, real name Gordon Sumner, wrote several of his famous hits, including an Englishman in New York, Roxanne and Fields of gold. The musician has sold over 100 million records alone and with The Police, which he conducted until the mid-1980s and again when they reunited in the 2000s.
The move will add significantly to Sting’s estimated net worth of $ 400 million. He earns $ 2,000 a day in songwriting royalties from the hit The Police, Every Breath You Take, according to Celebrity Net Worth.
The classic is responsible for over a quarter of the singer’s lifetime publishing income, largely because it was sampled in the track Diddy. I’ll miss you, which uses the song’s signature guitar hook.
The past two years have seen a tidal wave of songbook sales as aging rockers and younger artists seek to cash in on the value of their work.
Music catalogs are now trading at 10 to 18 times their annual value, The Wall Street Journal reported earlier this year. In the case of Bob Dylan’s $ 400 million deal with Universal, this indicates annual income from royalties and other sources of $ 22 million or more.
Updated: December 5, 2021 5:00 a.m.