Justin Bieber‘s financial status has taken over public discourse after rumors of the singer going through a cash crisis began to float around. Now, a source exclusively revealed to RadarOnline that Bieber sold his music catalog to avoid financial collapse. The insider shared that selling his catalog was equal to “selling a part of himself.” This news comes amid reports that the artist is leaning heavily on an extravagant lifestyle amid divorce rumors with his wife, Hailey Bieber.
Justin Bieber had no option but to sell his songs, claims ‘source’
Justin Bieber reportedly saved his financial crisis with a last-ditch effort. Last week, RadarOnline exclusively revealed that the pop star sold his song catalog to Hipgnosis Songs Capital for $200 million in 2022 amid rumors of his struggling finances. A source shared that Bieber decided to sell his work during ongoing speculation to “save his life.”
Bieber’s catalog sale was reportedly the consequence of his luxurious lifestyle. The source further stressed that this decision felt like the musician was letting go of a part of himself. However, the insider claimed, “Given the choices he’s made, he had no options.” This report comes amid news of the star’s concerning behavior, divorce rumors with wife Hailey Bieber, and speculation of financial collapse have been taking over the internet.
Last month, another source revealed that Bieber has been spending all of his savings on parties, private jets, and other luxuries. The insider shared that the singer’s wife was at “her wits’ end,” worrying that his spending habits would only affect her and their son, Jack Blues. The model is reportedly helpless as she witnesses her husband spiralling emotionally.
Adding to his financial troubles, Bieber also allegedly owes his former manager, Scooter Braun, millions of dollars. The pop singer was seemingly drowning in debt after cancelling his Justice Tour in 2022 when the record executive helped him. Meanwhile, a source shared that Hailey “saved” her husband from financial collapse after selling her skincare brand, Rhode, to e.l.f. Beauty in a deal potentially amounting to $1 billion.
