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Justin Bieber has drawn significant public attention recently, with concerns about his health and well-being, but the situation has taken an unexpected turn.
A recent expose by TMZ reveals that Bieber sold his music catalog for $200 million, having exhausted between $500 million to $1 billion of his earnings throughout his career.
The newly released documentary titled “What Happened to Justin Bieber?” includes interviews with those close to him, detailing how the singer reportedly faced a ‘financial breakdown’ by the end of 2022.
The narrative intensifies as Bieber’s former manager, Scooter Braun, allegedly advised him against selling his catalog prematurely, suggesting he wait until 2023 for a tax advantage, as noted by TMZ founder Harvey Levin.
At that point, the 28-year-old Bieber opted to disregard the caution and sold his extensive music catalog for approximately $200 million. For perspective, Tina Turner sold hers for about $50 million, while Stevie Nicks received around $100 million.
His catalog comprises eight No. 1 Billboard Top 200 singles, contributing to over 150 million albums sold worldwide.
Such success translated into substantial wealth; however, the new Hulu documentary indicates that most of it was gone by 2023.
“Being the world’s biggest pop star is expensive. He has to charter jets and owns multiple mansions, which we were told he bought outright,” one of the investigators from TMZ commented.
Discussion turned to why Bieber opted to sell his catalog at such a young age. Levin and others described it as a “desperate move,” prompting the question many are asking: “How could he possibly spend a billion dollars?”
NEW TMZ DOCUMENTARY IS CURRENTLY AIRING ON HULU
The documentary also mentions that Bieber reportedly owes concert promoter AEG $32 million after canceling a major tour in 2023, despite having received an advance from them. Additionally, he is engaged in a legal dispute with Scooter Braun over an alleged $8 million.
Those familiar with the sports industry know that athletes can rapidly deplete their wealth—take Vince Young, who, after signing a rookie contract worth $25 million guaranteed, famously filed for Chapter 11 bankruptcy in 2014.
However, burning through half a billion to a billion dollars is unprecedented, especially considering that many celebrities receive complimentary goods via brand partnerships (clothing, sneakers, etc.). It’s unlikely that Bieber frequents Walmart for his signature white t-shirts.
The term “Bieber Broke” is trending on X as the new Hulu documentary debuts alongside recent images of Bieber looking thin and distressed. In recent years, he has immersed himself in the “Churchome” spiritual community, which the documentary explores, with some labeling it a cult—a claim the church’s pastor Judah Smith strongly refutes.
“TMZ Presents: What Happened to Justin Bieber” is now streaming on Hulu. This weekend, I plan to watch it and will provide a detailed review, along with insights from industry peers regarding Justin Bieber’s situation—if there’s anything to address.
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