Justin Bieber Under Millions in Debt to Former Manager Scooter Braun? Here’s What We Know Amid Singer’s Mental Health Concerns
Scooter Braun (CC: Instagram) and Justin Bieber (CC: Getty images)
In the new update related to Justin Bieber, an extensive investigation done by TMZ delved deep into the money-related issue between the singer and his former manager, Scooter Braun. It revealed that the singer seemingly owes Braun millions!
When his Justice tour concluded in 2022, many sources with direct knowledge told the publication that Bieber was “broke”. The outlet reported that the singer owed the concert promoter, AEG, USD 24 million as he received USD 40 million upfront, and the singer reportedly pulled the plug early on.
Braun’s company, Hybe, reportedly agreed to pay the Purpose artist’s debt, and the singer signed a note promising to pay his company back in a decade’s period. The musician paid one installment and then stopped, according to the outlet.
Sources close to Braun revealed to the publication that they were informed that Bieber didn’t have money. Sources close to the singer shared that his business manager, Lou Taylor, dug into the books and concluded that Braun was grossly overpaid in commissions by USD 26 million.
Later, Hybe’s internal audit reportedly determined that Braun was underpaid commissions and that the singer actually owed him USD 1 million. The publication was told that Braun said that he waived that amount, but Bieber’s team felt that it was a corrupt audit because Hybe was covering itself.
Hybe then employed an independent auditor, and after 6 months, the audit concluded. It revealed that the singer reportedly owed Braun USD 8,806,000. The outlet noted that they have seen the independent auditor’s report, and the said amount is on the document.
The insiders close to the That Should be Me vocalist shared with the publication that Bieber’s team did not dispute the independent auditor’s report, they conducted their own audit, and would not share what they found.
This comes amid the speculations that the singer has found himself in, one of them happens to be for his mental health. His recent Instagram posts with cryptic messages and a viral Coachella video that showed him smoking heavily have worried many of his fans.
News
Leaving behind electric cars, Elon Musk sells the robot dream to the world: Will increase Tesla’s value to 10,000 billion USD, thousands of cars without steering wheels, without pedals are about to roll
After the electric car revolution, Elon Musk is looking to the world to see his vision of a “shining city…
Awakening from his power intoxication, Elon Musk is eager to find a way to save Tesla from Trump’s blow, US ambassador says “grasshopper kicks car”
Elon Musk opposes Trump’s new budget bill because he fears Tesla’s profits will be severely affected. Elon Musk has donated…
Tiger Woods and Vanessa Trump’s ‘beautiful love’ continues to attract attention as friends of the couple update with new news
How Tiger Woods’ Lavish New Romance With Vanessa Trump Is Turning Heads Tiger Woods and Vanessa Trump are still going strong,…
”Father-in-law praises son-in-law”: Stephen Baldwin affirms that he always supports his daughter Hailey Bieber and her husband, Justin Bieber
Stephen Baldwin Praises Daughter Hailey Bieber’s ‘Great’ Husband Justin Bieber The actor gave a shout-out to both of his sons-in-law…
Zayn Malik just revealed his debut rap song..And his time in One Direction was the ”highlight”
Zayn Malik deteriorates rekindled relationship with Louis Tomlinson? Zayn Malik drops teaser of first ever rap song ‘Fuchsia Sea’ Zayn…
Savannah Guthrie makes rare comment on divorce from Mark Orchard: ‘It’s horrible and sad’
Savannah Guthrie Makes Rare Comment About “Horrible” Divorce From Ex Mark Orchard Today co-anchor Savannah Guthrie shared rare insight into her…
End of content
No more pages to load