Justin Bieber is allegedly exploring legal action against his former business managers for mishandling his money.
The “Peaches” singer has been enraged for many years because he feels he has lost a lot of money owing to mistakes made by his management, insiders told TMZ on Wednesday.
Though it is unknown how much money Bieber, 30, feels has been wasted, sources informed the site that he is considering suing those responsible.
However, the pop star’s current staff is apparently split about a prospective lawsuit.
Those opposed to legal action argue Bieber spent excessively for a long time and made his own problems, according to TMZ.
Page Six contacted his representative for comment, but did not get an instant response.
The “Never Say Never” singer, who has an estimated net worth of $300 million, gained the most of his income in January 2023, when he sold his song library to Hipgnosis Songs Capital for $200 million.
The agreement comprised shares of Bieber’s publishing and recorded-music catalogs, as well as interest in his publication copyrights, master recordings, and neighboring rights to his full back catalog.
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Hipgnosis purchases song libraries from artists and gets money when their music is streamed online, utilized in films, or advertisements.
Bieber came to prominence when he was 13 years old because to the popularity of his 2010 single “Baby.”
Before selling his music rights, the “Sorry” singer, who just delivered baby Jack with wife Hailey Bieber, was estimated to be worth $100 million.
Justin parted ways with his business manager Lou Taylor earlier this year and replaced her with Edward White, who also works for Johnny Depp. TMZ did not identify the managers involved in its article.
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