Justin Bieber's Money: Who's to Blame?

Wed Oct 23 2024
Justin Bieber, the famous singer known for hits like "Peaches" and "Baby, " is considering suing his former business managers. He believes they mismanaged his money, causing him to lose a lot. Sources say Bieber has been upset about this for years. It's not clear how much money he thinks was lost. Some of his current team think he spent irresponsibly and brought on his own problems. Bieber's net worth is about $300 million. He made a big chunk of that in January 2023 when he sold his music catalog for $200 million to Hipgnosis Songs Capital. This company makes money when Bieber's music is streamed or used in movies or ads. Bieber became famous in 2010 with his song "Baby. " Before selling his music rights, he was worth about $100 million. He recently welcomed a son, Jack, with his wife Hailey Bieber. Justin changed his business manager this year, replacing Lou Taylor with Edward White, who also works with Johnny Depp.
https://localnews.ai/article/justin-biebers-money-whos-to-blame-7cc69df1

questions

    What kind of financial mismanagement could lead to a multimillionaire like Justin Bieber crying foul?
    Who really benefits from the potential lawsuit – Justin or his new management team?
    How significant is the division among Justin’s current team regarding the lawsuit?

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