Hailey Bieber has achieved a significant milestone in her entrepreneurial journey by selling her skincare brand, Rhode, to e.l.f. Beauty in a deal valued at up to $1 billion.
The acquisition includes $600 million in cash, $200 million in e.l.f. stock, and an additional $200 million contingent on Rhode’s performance over the next three years.
Bieber will continue to play a pivotal role in the brand as Chief Creative Officer and Head of Innovation, overseeing product development, creative strategy, and marketing initiatives.
While Hailey's business ventures flourish, her husband, Justin Bieber, is reportedly grappling with financial difficulties.
Despite earning nearly $1 billion over his career, Justin has faced challenges due to poor money management and canceled tours. In 2022, he sold his music catalog for $200 million to mitigate financial strains.
Additionally, reports indicate he has fallen behind on property taxes for his $16 million Coachella Valley home, owing over $380,000.
The financial contrast between the couple has sparked discussions about their marital assets.
Legal experts suggest that, in the absence of a prenuptial agreement, Justin could be entitled to a portion of Hailey's Rhode fortune in the event of a divorce, as California law often considers such earnings as marital property.
As Hailey celebrates her business success, questions arise about the dynamics of wealth and support within high-profile relationships.
What are your thoughts on the financial dynamics between Hailey and Justin Bieber? Share your opinions and join the conversation below.
The acquisition includes $600 million in cash, $200 million in e.l.f. stock, and an additional $200 million contingent on Rhode’s performance over the next three years.
Bieber will continue to play a pivotal role in the brand as Chief Creative Officer and Head of Innovation, overseeing product development, creative strategy, and marketing initiatives.
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| Credit: Justin Bieber/Facebook |
While Hailey's business ventures flourish, her husband, Justin Bieber, is reportedly grappling with financial difficulties.
Despite earning nearly $1 billion over his career, Justin has faced challenges due to poor money management and canceled tours. In 2022, he sold his music catalog for $200 million to mitigate financial strains.
Additionally, reports indicate he has fallen behind on property taxes for his $16 million Coachella Valley home, owing over $380,000.
The financial contrast between the couple has sparked discussions about their marital assets.
Legal experts suggest that, in the absence of a prenuptial agreement, Justin could be entitled to a portion of Hailey's Rhode fortune in the event of a divorce, as California law often considers such earnings as marital property.
As Hailey celebrates her business success, questions arise about the dynamics of wealth and support within high-profile relationships.
What are your thoughts on the financial dynamics between Hailey and Justin Bieber? Share your opinions and join the conversation below.
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