Singer Justin Bieber, 31, does not go through his best moment. After months without taking music, with a clothing project that does not finish starting, and observed through its erratic messages in networks and their striking behaviors, it has now been known that, in addition, it does not go well economically either. Several reports to which the media has had exclusive access TMZ They reveal their serious financial problems. He had a debt of 24 million dollars with his promoter and was forced to ask his discoverer and then Manager, Scooter Braun, to pay him; However, he was not able, or did not want to deal with the quotas. That caused the relationship between the two, colleagues and friends, deteriorates and, finally, Bieber sought as exit the sale of its musical catalog, which placed in the market in early 2023 for 200 million dollars. And now it has also been known that Braun owes even more money, up to nine million dollars.
The problem broke out in 2022, a year that was not good for Justin Bieber. There he went on tour with his Tour Justicewhere it was not quite well. In the middle of the year he had to cancel all concerts because of a facial paralysis. The promoter of the shows, AEG, had advanced 40 million dollars, thinking that I was going to earn that money or even more. But after the bankrupt, he was forced to return 24 million. However, it seems that he did not have the liquidity to do so and had to ask for a loan.
There the figure of Scooter Braun, its discoverer in adolescence and ancient manager of clients such as Demi Lovato and Ariana Grande comes into play. It was the company of the Talent Manager, called Hybe, who paid the singer’s debt. “He took a step forward to help him,” said a source close to both the environment to the environment Page Six. The singer signed a private contract with him for whom he promised to pay him back for 10 years. However, according to TMZ, Bieber fulfilled only one of those payments and never returned more money. According to sources close to Scooter, as reported TMZBieber’s staff – not him – called to say that he didn’t have that money. The singer’s sources give another version: they explain that their administrator reviewed all the account books and discovered that for years Braun had earned more money than he owed, up to 26 million dollars, hence they decided not to make more payments.
That’s when Braun and Hybe commissioned a first report that concluded that Braun had actually obtained less due money in his years with Bieber: in total, one million dollars less. According to the sources from Braun, he decided to condemn that debt; According to Bieber, they felt deceived and do not trust that audit, who believe that Hybe has only done to cover their backs. Therefore, Braun’s company decided to hire PricewaterhouseCooper (PWC) as an independent consultant. They carried out an in -depth inspection that has lasted six months and concluded a few weeks ago, in April. The result has been even worse for Bieber: it owes Braun almost nine million dollars, exactly 8,806,000 (about 7.8 million euros to change). There Bieber’s legal team did not confront PWC, although he decided to commission an independent audit whose result they have not made public.
It is surprising that an artist like Justin Bieber, who has half a life from the stage and has harvested enormous success, does not have money to pay for his debts. It is true that 24 million is a lot of money, but I had received 40 shortly before. However, he ended up selling his musical catalog, with almost 300 songs, in the background Songsis Capital. That gave him a lot of money quickly, but he also made him lose control over his songs.
The management of its capital is questioned. Already last October, the medium TMZ He dropped that Bieber was pondering to sue his administrators and managers because they had sheared their fortune, which is estimated at about 300 million dollars. In Page Sixthen, a source close to him explained that the musician also had huge expenses, which was “out of control.” Something that even generates concern in its environment, for its luxurious whims. For example, they said that $ 300,000 had been spent at the Nobu restaurant of the Coachella Festival.
Also in April, a long and complete article in the specialized media The Hollywood Reporter He collected testimonies of people close to him, and already advanced that he had effectively had to return half or more of that advance of 40 million and that he had done it with difficulties. A former member of his team claimed: “Seeing him disintegrate like this is to see the incarnation of someone who is not living according to his purpose. He is lost. No one protects him because there is no one who dares to tell him no. If you tell him no, they have burst you.”
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