Justin Bieber won’t be cutting a $31.5 million check anytime soon! According to reports, the pop superstar won’t settle his multimillion-dollar debt to ex-manager Scooter Braun’s former company, Hybe, until cash from the massive Rhode beauty sale lands in the bank.
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Sources have told TMZ Bieber owes $26 million to Hybe after they covered his canceled ‘Justice’ tour costs, plus half $11 million in unpaid commissions. The total? A cool $31.5 million. But the Bieber allegedly doesn’t have the liquidity until wife Hailey Bieber’s Rhode deal, valued at roughly $1 billion, closes. The ‘Peaches’ singer is an investor, with his cut expected to be around $50 million.
Fans wondering about his previous $200M catalog sales? That money is allegedly long gone thanks to taxes and expenses. The upside is Bieber keeps ownership of his masters.
As for Rhode’s payout, insiders say the cash could flow in a month or two.
Poor Justin is going to bankrupted. Maybe he should sell more cracks and hardcore drugs.
Seems bad at managing money. Should take some business classes but he looks lazy. He’ll blow through all his wife’s money next. Probably still paying his friends to hang out with him.
Blowing through $200 million in a couple years is crazy
Dude just go do a world tour and make easy money instead of acting like a weirdo
He only owns the mssters to that new flop album. He needs to go ahead and start that only fans to recoup. Plus I know he misses taking that B B C on the regular 😢 A win win lol