Pop superstar Justin Bieber is reportedly entangled in a complex financial dispute with his former manager, Scooter Braun, over unpaid debts stemming from the cancellation of his 2022 Justice World Tour.
According to a recent report by Page Six, Bieber owes more than $8.8 million to Braun. This debt originated when Braun's company, Hybe, covered a $24 million loss incurred after Bieber canceled his tour due to health issues.
Initially, Bieber agreed to repay the amount in installments over ten years but ceased payments after the first installment, citing financial constraints.
The situation escalated when Bieber's team conducted a financial review, alleging that Braun had received an excess of $26 million in commissions.
In response, Hybe commissioned an independent audit by PricewaterhouseCoopers (PwC), which concluded that Bieber actually owed approximately $8.8 million to Braun.
Despite selling his music catalog for $200 million in 2023, Bieber has faced rumors of financial mismanagement and lavish spending.
Concerns have also been raised about his mental health, especially following a series of erratic social media posts.
As of now, Bieber has not publicly addressed the debt or the audit findings. Representatives for both Bieber and Braun have declined to comment on the matter.
This financial dispute adds to a challenging period for Bieber, who has been navigating personal and professional hurdles, including health issues and public scrutiny.
According to a recent report by Page Six, Bieber owes more than $8.8 million to Braun. This debt originated when Braun's company, Hybe, covered a $24 million loss incurred after Bieber canceled his tour due to health issues.
Initially, Bieber agreed to repay the amount in installments over ten years but ceased payments after the first installment, citing financial constraints.
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| Credit: Justin Bieber/Facebook |
The situation escalated when Bieber's team conducted a financial review, alleging that Braun had received an excess of $26 million in commissions.
In response, Hybe commissioned an independent audit by PricewaterhouseCoopers (PwC), which concluded that Bieber actually owed approximately $8.8 million to Braun.
Despite selling his music catalog for $200 million in 2023, Bieber has faced rumors of financial mismanagement and lavish spending.
Concerns have also been raised about his mental health, especially following a series of erratic social media posts.
As of now, Bieber has not publicly addressed the debt or the audit findings. Representatives for both Bieber and Braun have declined to comment on the matter.
This financial dispute adds to a challenging period for Bieber, who has been navigating personal and professional hurdles, including health issues and public scrutiny.
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