Justin Bieber: Financial Trouble and Verge of Being Broke
Justin Bieber: Financial Trouble and Verge of Being Broke. Firstly Justin Bieber is a Canadian singer. He was born on March 1, 1994. He was born in London, Canada. Justin Bieber became active in the music industry in 2007 and continues to make songs today. He is currently married to Hailey Baldwin. Justin Beiber produces pop and dance-pop music genres. Lately, Justin Bieber has made headlines once again as speculations are going around that the singer is broke and having Financial troubles. Let’s delve into why the public has come to this conclusion.
What makes us think that Justin Bieber is struggling financially?
In 2023, Justin Beiber sold the rights to his music catalog for more than $200 million. However as cited in InTouch Magazine, Justin Bieber is “already running out of cash”. Moreover, back in May, Justin Bieber and his wife were forced to take a commercial flight as opposed to their usual private flight. This also brought upon speculations because if the couple was doing well and not having money problems, why would Justin Bieber need to fly commercially with his pregnant wife?
It is believed that Justin “…spends more money than he’s got coming in, and is now having to cut back on certain luxuries.”
So… Is Justin Beiber Broke and facing Financial Trouble?
Moreover, it was discovered that Justin Bieber wanted to Haliey a diamond ring that was worth over $700k. However, since he didn’t have enough money, he applied for a loan from the bank. Surprisingly, the bank denied him the loan. Yet, Justin purchased the diamond ring for Hailey despite this. With a baby on the way, Justin Bieber really should be more focused on saving up for the child as opposed to spoiling his wife with luxuries that were not necessary at the time.
Additionally, Justin Bieber also recently fired his business manager, Lou Taylor. Instead, he hired Johnny Depp’s financial manager. The reason behind this might be so that Justin can better manage the money that he does have left.
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