Justin Bieber plans to sue business managers claiming his finances were mismanaged for years
Justin Bieber is allegedly considering suing former managers for mismanaging his money.
Justin Bieber is allegedly considering suing former managers for mismanaging his money.
Sources told TMZ that Justin had been very upset for several years with how his fortune had been squandered.
He reportedly believed he had lost a ton of money as a result of terrible decisions by business managers.
TMZ did not name the business managers, nor specify how many were alleged to be in the sights of Biebers potential lawsuit.
The Baby singer sold his catalog of songs released before 2022 for a reported $200million in January 2023 in one of the biggest deals ever made for an artist under 70, according to the buyer.
It was unclear how much the singer believes his managers may have wasted per the report.
Justin Bieber leaves church with Hayley in Los Angeles, September 25
Scooter Braun, left, appears with Justin Bieber at the World Premiere of Justin Biebers Believe in 2013
Justin Bieber (L) and US model Hailey Bieber arrive for the 64th Annual Grammy Awards, 2022
Justin attends The Metropolitan Museum of Arts Costume Institute benefit gala in 2021
Biebers team announced he was no longer working with long-time manager Scooter Braun in June, a day before Braun broke news of his retirement.
Scooter Braun and SB Projects are not involved in Justins current business or management and will not be involved moving forward.
Justin is excited about the projects he is currently working on and is focused on whats in front of him, a statement at the time read.
It was not clear whether Braun is among the former managers Bieber is said to be considering legal action against.
TMZ understands his team is divided on the issue, with some blaming Bieber for spending wildly himself.
Discussions are said to be ongoing.
Earlier this year sources close to the singer told DailyMail.com that he was concerned about his wife Hailey Biebers spending.
Hailey is a seriously high spender, one source alleged.
She has spent tens of millions on private jets to fly around the world, including once taking a plane just to get her nails done at a particular manicurist.
Hes isolated from his friends and family. Hes miserable right now as Hailey has taken complete control over him, an insider said.
He has lost his identity, creative drive and he is uninspired.
Bieber has not released an album since 2021 and cancelled his world tour in 2022, saying he was making health a priority.
Bieber suffered a terrifying bout of facial paralysis caused by Ramsay Hunt syndrome – a rare neurological disorder.
Soon after, he announced the sale of his back catalog.
Music investment company Hipgnosis Songs Capital bought Biebers lifework for $200 million.
This acquisition ranks among the biggest deals ever made for an artist under the age of 70, CEO
In exchange, he no longer receives royalties on any of the tracks hes released or had an interest in before December 31, 2021.
Justin was advised against selling. Hailey played a part in convincing him to do it, a source told DailyMail.com.
In May, the couple renewed their wedding vows in Hawaii, with Hailey revealing her pregnancy and a new 18-carat oval-cut diamond engagement ring estimated to cost $1.5 million alongside her original $600,000 ring.
Justin was initially against [buying the new ring] and some people told him that it was awful of her to even ask for it, an insider alleged.
They added that Hailey told Justin that she had to have it to renew their vows. In the end she got what she wanted.
The singers track Lonely recently saw a 1,400 per cent sales increase with news of Sean Diddy Combs sex trafficking arrest.
Bieber is reportedly deeply disturbed by the allegations against his former mentor.
The song detailing the dark side of his childhood stardom was released in 2021.
Days after Diddy, 54, was arrested in New York amid a sex trafficking probe, fans began questioning the troubled rappers relationship with Justin, when he was a minor, branding resurfaced footage of them together as creepy.
No one protected him. Not even his family. I absolutely adore this song, one fan wrote, but the words have always stood out to me. I hope he can heal with time.
Singer Justin Bieber (L) performs onstage at Nickelodeons 23rd Annual Kids Choice Awards held at UCLAs Pauley Pavilion on March 27, 2010 in Los Angeles, California
Kal Penn and Scooter Braun pose backstage during the Global Citizen Festival 2024
Justin Bieber pictured with his mother, Pattie
Child star Justin Bieber pictured with Diddy (left) and Sean Kingston (right)
In the resurfaced clip, Diddy stands next to teen Justin and tells the camera: Hes having 48 hours with Diddy, where we hanging out and what were doing we cant really disclose.
Diddy continued: But its definitely a 15-year-olds dream. I have been given custody of him. Hes signed to Usher and I had legal guardianship of him [Bieber] but for the next 48 hours hes with me and were gonna go full crazy.
In the clip, Justin can be seen smiling and looking up at Diddy as he spoke, adding comments like yeah and full crazy.
Bieber has not made any allegations against Diddy.
Diddy is currently in jail awaiting trial on unrelated sex trafficking charges. He denies all allegations.
DailyMail.com approached Justin Bieber for comment.
