Hailey Bieber‘s Rhode sale to e.l.f Beauty in a deal potentially amounting to $1 billion has reportedly brought some respite to Justin Bieber‘s rumored financial crisis. A source exclusively revealed to News Nation that the model “saved” her husband by taking care of his “financial foundation.”
The Rhode founder announced the deal on social media on Wednesday, stating that she took on the role of chief creative officer and head of innovation. Meanwhile, the “Baby” singer also celebrated his wife’s milestone achievement in his own way.
Hailey Bieber made sure Justin Bieber & Jack have a ‘good financial foundation,’ says ‘source’
Hailey Bieber’s decision to sell Rhode to e.l.f. Beauty might have been both a professional and a personal decision, if a source is to be believed. According to News Nation’s report, the insider hinted that the model “saved” husband Justin Bieber amid his rumored financial struggles. The deal, which amounts to potentially $1 billion, marks one of the major beauty acquisitions in recent times. According to the source, it will now be helpful to the Bieber family, including their son Jack Blues Bieber.
The insider claimed Hailey Bieber “saved the day” from a financial perspective. The source further complimented the model’s eye for business, and having good people around her, so “she can be trusted with the money.” They noted how the model “made sure she, Jack, and Justin have a good financial foundation from here on out.”
Speculation about Justin Bieber going through a financial crisis has been around for quite some time now. Earlier this month, it was reported that the singer owed his former manager, Scooter Braun, millions of dollars. A source exclusively told Page Six that the money was from when the latter “stepped in to help” the pop star after his canceled Justice Tour in 2022 left him with a significant debt.
Another source reported that Justin Bieber was spending more than he was earning. According to the insider, the singer, with an estimated net worth of $200 million, was “flying in all his friends on private jets to his birthday party.” He reportedly also showcased his luxurious life on Instagram.
Meanwhile, Hailey Bieber’s new Rhode sale to e.l.f. Beauty landed her in the billionaire club, putting her estimated net worth at $300 million.
