Get the latest gossip
Desperate Justin Bieber was 'on the verge of financial collapse' before selling music catalog for $200M
The 31-year-old pop star made somewhere between $500million and $1billion but blew it all and was in rough financial shape before selling to Hipgnosis Songs Capital according to TMZ.
Sources for Justin claimed he was on the verge of 'financial collapse' back in 2022 to the point that he had to sell the rights to his music at the end of the year; he is seen around the time of the sale with wife Hailey in New York City in December 2022 When he announced he was ending the tour early, Justin made note of the fact that his face had infamously been partly paralyzed by Ramsay-Hunt syndrome not long before, explaining that he needed to ' make my health the priority right now.' Hybe allegedly enlisted the outside auditor Pricewaterhouse, aka PWC, to perform an independent investigation that lasted six months and produced a report this April stating Justin owes Scooter approximately $8,806,000, via TMZ.
Or read this on Daily Mail