Justin Bieber’s team is refuting reports that the pop star is in “financial distress,” in the form of$ 20 million tour debt.
According to sources, the 31-year-old” Apologize” singer owes a sizable loan to business manager Scooter Braun. After Bieber canceled his” Justice” world tour in 2022.
Insiders claim that Bieber still owed more than$ 20 million, which Braun’s business had invested in, and that only a portion of that money has been paid back. AEG , a tour promoter, had given Bieber a$ 40 million advance.
THR was recently informed by the , Grammy , winner , funds that despite selling his , full music library for$ 200 million in , January 2023, Bieber is basically writing checks he didn’t money.
However, the” Sweet” singer’s tent continued to tell the newspaper that “every cause trying to sell you a story about alleged economic problems either doesn’t know the entertainment business or, more likely, is trying to paint an unflattering portrait of Justin that doesn’t bear any resemblance to reality.”
According to the report, Bieber was forced to let go of more than 100 staff members because of the tour’s cancellation with a month’s worth of shows also scheduled.
The Hollywood Reporter’s history is only misleading stupidity based on unknown — and obviously ill-informed —” sources,” according to Bieber’s staff, who was disappointed that they no longer work with Justin on Wednesday.
These pointless tales and false assumptions will continue as Justin forges his own path, according to a statement from his team. But they won’t stop him from ostensibly choosing to take the right path.
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