Justin Bieber allegedly blew all of his millions and was going broke. According to a new report, that is why the superstar sold his music catalog back in December of 2022.
Full story below…
Bieber was one of the biggest Pop stars in the world and was generating millions. Per analysts, between $500 MILLION and $1 BILLION over the course of his career.
But by 2022, it’s alleged that he had blown through his fortune and ended up in a “dire” shape financially. This led to him selling his music catalog for $200 MILLION.
As reported, the premature end of his ‘Justice Tour’ was a contributor to the catastrophe that became his monetary predicament.
According to TMZ, the ‘Baby’ singer’s former manager, Scooter Braun, tried to advise him to hold off on selling his catalog so early. Braun wanted him to try to wait until 2023 so he could get a tax break, but Bieber allegedly didn’t want to wait that long.
The move made the star the youngest artist to sell his music catalog.
While this relates to his previous material, the performer has been teasing fans with the release of new music.
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I’m sure he blew through all of that money buying weed and meth 😅