Justin Bieber has 420 billion assets...Bankruptcy, Debt alone 12.5 Billion
May 15, 2025
|
American entertainment media TMZ reported on the 14th (local time) that `Justin Bieber's relationship with longtime manager Scooter Braun broke down over money.'
TMZ said "Beaver was in bankruptcy when the disastrous"Justice" tour ended in 2022, according to sources. He received an advance payment of $40 million (W56.4 billion), but he terminated his contract early and owed his performance agency AEG $24 million (W33.8 billion)."Scooter Braun's company, Hive America, promised to pay off its debt first, and Bieber promised to pay Hive America over 10 years, but Bieber did not pay anymore, saying he had no money after paying the first installment."," he said.
Bieber once claimed that `When business manager Lou Taylor examined the books, Brown was overpaid $26 million (about KRW 36.6 billion) in fees.'
However, TMZ confirmed that "Hive America's internal audit found that Brown did not actually receive the right fee, and Justin Bieber owed him $1 million (W1.4 billion). Brown waived the amount, but Bieber countered that he couldn't trust the audit because Hive America tried to cover it up."
In addition, "Hive America hired Pricewaterhouse (PWC), an independent audit agency, to conduct a six-month audit. According to the audit report, Bieber owes Brown nearly $8.8 million (about 12.5 billion won)."
TMZ will air a documentary on Justin Bieber 'TMZ Investigation: What Happened to Justin Bieber' on FOX at 9 p.m. This documentary covers Justin Bieber's mental problems, marriage, money issues, religion, and more.
Justin Bieber debuted in 2009 when he was 14 years old with 'One Time'. Upon its release, "One Time" became a huge hit, reaching No. 17 on the U.S. Billboard main single chart "Hot 100", and Justin Bieber quickly became a world star. After that, Bieber is 'What two people?' Eight songs including 'Sorry'"Love Yourself" were ranked at the top of "Hot100." Bieber is estimated to have accumulated about $300 million (about 420 billion won) in assets, including mega hits, large-scale world tours, and business success of the songs he releases.
silk781220@sportschosun.com
