Latest news with #SoftPinch
Time of India
14-05-2025
- Business
- Time of India
Is Selena Gomez really a billionaire? New report says maybe not amid rumours that her mental health start-up fired 9 employees
Selena Gomez was officially crowned a billionaire by Bloomberg back in September 2024. The world cheered, and fans proudly declared her one of the youngest self-made billionaires on the planet. But now, a fresh report from Forbes is questioning her billionaire status amid rumours about her connection to a struggling mental health startup she co-founded. According to the publication, while Selena is definitely wealthy, she may not have hit the billion-dollar mark after all. New report suggests Gomez isn't quite a billionaire While Selena Gomez remains one of the wealthiest and most influential women in entertainment, Forbes now estimates her net worth at closer to $700 million, not the previously reported $1.3 billion. The discrepancy largely concerns how assets are valued, particularly her ownership stake in the beauty brand, Rare Beauty. Gomez reportedly holds a 51% stake in Rare Beauty, which had a blockbuster year in 2023, bringing in $367 million in revenue thanks to its cult-favorite products like the Soft Pinch liquid blush. Based on industry multiples and growth trends, analysts say the company's valuation at around $1.3 billion. However, because the beauty market is crowded and less stable right now, Forbes used a more cautious estimate for Gomez's net worth. Rare Beauty is by far Gomez's biggest financial asset. Outside the cosmetics industry, she has earned an estimated $90 million from music, acting, and significant brand deals, but far less than peers, including best friend Taylor Swift, who rakes in hundreds of millions from stadium tours and global franchises. Despite the recalculated figure by the publication, Gomez, the most-followed woman on Instagram with 420M followers, remains among the top self-made women in entertainment, and her Rare Beauty brand continues to expand globally. Is Selena Gomez's mental health start-up struggling? While Rare Beauty keeps flying off Sephora shelves, Selena's other venture, Wondermind, a mental health startup she launched with her mom, Mandy Teefey and former partner Daniella Pierson, isn't exactly thriving, the Forbes report claimed. According to the report, the startup hasn't been paying its employees, freelancers, or vendors. In fact, nine team members were recently laid off after the company missed paychecks in both March and April. This comes after an earlier report that suggested Selena's mom took out a loan against her own house to keep things going. As per an employee who spoke to the publication on the condition of anonymity, it all came crashing down on March 31, when Wondermind employees didn't get their paycheck and instead received an email saying their health benefits had actually been cancelled two weeks earlier. Then came April 30, and employees were still not paid. By May 8, things had gotten so bad that Mandy Teefey told staff she had taken out a loan against her home to help keep the company afloat. The final blow came on Monday, when nine employees were laid off. The employee also told the publication that the Disney alum hasn't really been involved much in the company. She's been busy filming season five of Only Murders in the Building and making surprise appearances at Rare Beauty's Mental Health Summit. Fans have thoughts—of course After Forbes dropped the report, Selena's loyal fanbase came rushing to her defence. 'Mind you, multiple sources confirmed Selena Gomez is a billionaire, including FORBES themselves,' one fan clapped back online. mind you, multiple sources confirmed that Selena Gomez is a billionaire, including FORBES themselves. 🚨 Currently, Forbes website is behaving suspiciously strangely regarding Selena Gomez's that the outlet reported that Gomez is a multimillionaire in its article from October of last year. Despite the ongoing frenzy surrounding the report, Selena Gomez has remained completely silent.
Buzz Feed
05-02-2025
- Entertainment
- Buzz Feed
The Celebrity Beauty Brand Products People Actually Swear By
We hope you love our recommendations! Some may have been sent as samples, but all were independently selected by our editors. Just FYI, BuzzFeed and its publishing partners may collect a share of sales and/or other compensation from the links on this page. Far from being low-quality cash grabs, these products from celebrity brands are vouched for by people who have used them. If you keep up with the beauty industry at all, you might've noticed a number of celebrity brands cropping up in the makeup, skincare, and hair care landscape over the past few years. This trend has understandably been met with some skepticism and criticism from consumers, who are adept at recognizing cash grabs when they see them — leading to some of these brands ultimately falling flat. Still, that doesn't mean you should write off all beauty products associated with A-listers. In fact, a few are really, really good, and could even reach 'holy grail' status. To find out which stars pass the test, I asked people who have used makeup, skin, and hair care from celeb brands for their favorites. Their responses ranged from affordable drugstore finds to luxurious prestige products. Check out their recommendations below, and save yourself the trouble of spending a ton on a product that relies on its name and little else. 1. The TikTok-viral liquid blush from Selena Gomez's Rare Beauty Sephora Shopping writer Haley Zovickian, senior life editor Lindsay Holmes, and operations associate Alexandra Niforos can all vouch for Rare Beauty's quality, with Zovickian and Niforos specifically highlighting the brand's Soft Pinch liquid blush. "The liquid blush went TikTok viral several times over the incredible color payoff and the gorgeous shades," Zovickian says. "A little goes a long way, so it's sure to last!" The tube comes with a doe foot applicator, so you can easily apply and blend one or two dots (that's all you need!). Get it from Sephora for $15+ (available in two sizes, two finishes and a variety of shades). 2. Sephora Wellness reporter Jillian Wilson put forth a recommendation for the Eaze Drop blurring skin tint by Fenty Beauty. She was backed up by Niforos and news reporter Sanjana Karanth, who have also used and loved it. (Fenty Beauty also appears to be a popular choice over on Reddit, as celebrity brands go.) The skin tint is light coverage with a natural finish. The formula is sweat- and transfer-resistant and can be applied with your fingers, a sponge, or a brush to buff it out. There are 25 shades available (the two shown here are 1 and 25). Get it from Sephora for $36. 3. And Fenty Beauty's ultra-popular Gloss Bomb Sephora If you love a high-shine lip gloss, look no further. Managing editor Marquaysa Battle swears by the Fenty Beauty Gloss Bomb universal lip luminizer, saying, "It's the longest-lasting lip gloss on the market, 100%." Karanth agrees that Fenty's glosses "never miss." These glosses contain shea butter to moisturize the lips, and the formula is designed to be non-sticky. It has a peach-vanilla scent and comes in eight shimmering shades. Get it from Sephora for $21. 4. An exfoliating scalp scrub from TPH by Taraji P. Henson Target Battle says this sugar scalp scrub from TPH by Taraji is a "lifesaver," noting, "It's really helpful for removing product buildup and/or dandruff from a dry scalp." Aside from sugar crystals for exfoliation, the scrub contains apple cider vinegar, coconut and peppermint oils to help cleanse and moisturize the scalp. It also has a scrub to balm formula, making it easy to rinse out after you massage it in. Get it from Target for $12.99. 5. Walmart Copy editor Shonitria Anthony is likewise a fan of TPH by Taraji's products, and shouted out the Twist and Set cream for how well it works on natural hair. This cream can soften and moisturize hair thanks to shea butter, mango seed butter and nourishing oils. Made for curls and coils, you can apply the cream to wet hair and then twist or otherwise style the hair as you wish. The cream can help reduce frizz and shrinkage and have a lasting hold on your curls. Get it from Walmart for $13.97. 6. Target Anthony also said her boyfriend likes the face products in the Papatui line, which is sold at Target. Our editor's pick is this daily moisturizer, which is marketed toward men like the rest of Papatui but is unscented and has pretty neutral packaging. It's lightweight, absorbs quickly into the skin with a matte finish and boasts 24-hour hydration thanks to ingredients like hyaluronic acid, niacinamide and ceramides. The hydration can also lessen the appearance of fine lines and wrinkles, so this is a good option for mature skin as well. Best of all, it's just under $10, one of the cheapest products on this list. Get it from Target for $9.99. 7. A gel eyeliner from Halsey's af94 Ulta While shopping writer Tessa Flores was initially skeptical of this gel eyeliner pencil from Halsey's af94 line, she says, "When I ran out of my regular eyeliner, I decided to just give it a shot and I was shocked at the formula. It applies with the ease and control of a traditional pencil eyeliner but with greater opacity than you would expect and no skipping or dragging on the skin. It actually feels more like a cream than anything else. "I like that I'm able to smoke it out a bit into a wing with a fine eyeliner brush to get that soft cat eye look and because it's a gel formula, it really doesn't budge once it dries down. I've even worn it to dance classes and it doesn't move. You also don't need a sharpener because it's a twist-up pencil that automatically sharpens with each turn." The eyeliner comes in six shades. Haus Labs Senior director Greta Geiselman has had success with a few products from Lady Gaga's cosmetics brand, Haus Labs. Haus Labs has also gotten a lot of praise among makeup fans on Reddit, held in similar regard to Fenty Beauty and Rare Beauty. Our pick is the bestselling Triclone Skin Tech medium coverage foundation, which has 4.7 stars across over 12,000 ratings on the Haus Labs site. Available in a whopping 48 shades, the foundation is noncomedogenic and hypoallergenic, and the fermented arnica in the formula works to reduce redness. It has a natural finish and medium coverage. You can use the Haus Labs shade finder to identify your best match. 9. Amazon Karanth called Pattern Beauty "amazing" and uses three of their products in her routine: the Palo Santo leave-in conditioner, the Palo Santo curl mousse, and the curl gel pictured here. The gel works with fine, medium, and thick hair and can define and hold curls without making them crunchy or flaky. It has a sweet floral fragrance and contains aloe vera, coconut oil, and cacay oil to show some extra love to your hair. Get it from Amazon for $27.89. 10. The cult-favorite matte lip kit from Kylie Jenner's Kylie Cosmetics Target According to Zovickian, "Kylie Cosmetics is don't-shoot-the-messenger level good." She added, "The lip liners and liquid lipsticks in particular are the comfiest and longest lasting on lips I've tried." You may have heard of Kylie Cosmetics' lip kits, which contain one of each, as a major celebrity beauty breakout of the 2010s. The products in this lip kit deliver a matte finish, with the lip liner being waterproof, smudge-proof and able to last up to 24 hours. The liquid lipstick, meanwhile, has an 8-hour wear time and a slight vanilla scent. You can get a kit in nine different shades. Get it from Target for $35.
