Justin Bieber Was Reportedly On The Verge Of ‘Financial Collapse’ Before Selling His Music Catalog For $200 Million
Looks like Justin Bieber’s money wasn’t as long as it seemed.
According to TMZ’s new documentary, TMZ Investigates: What Happened to Justin Bieber?, the pop star made somewhere between $500 million and $1 billion during the peak of his career… but blew through most of it. By 2022, people close to Justin say he was on the verge of a “financial collapse” and felt he had no choice but to sell his music catalog that December for $200 million.
Sources say his manager at the time, Scooter Braun, tried to talk him out of selling so early, but Justin didn’t want to wait and moved forward with the deal.
This news comes after reports that Justin and Scooter fell out over money, with an audit allegedly showing Justin owes his former manager over $8 million following the cancellation of his 2022 Justice World Tour.
Yikes, share your thoughts below.
[VIA]
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