Justin Bieber, one of the world’s most prominent musicians, known for his impressive net worth and chart-topping hits, is reportedly facing significant financial difficulties due to his extravagant spending habits. Despite his estimated net worth of $285 million, sources close to the pop star suggest that Bieber’s financial stability is precarious.
In 2023, Bieber sold the rights to his extensive music catalogue, including hits from his six studio albums: “My World 2.0,” “Under the Mistletoe,” “Believe,” “Purpose,” “Changes,” and “Justice.” The sale was estimated to bring in over $200 million. However, despite this substantial influx of cash, Bieber has not released a new album in over three years, and his last tour concluded in 2022, leading to a significant reduction in his income.
An insider revealed to InTouch Weekly that Bieber and his wife, Hailey, who typically travel via private jet, were recently forced to fly commercial due to financial constraints. “While they always fly private, Justin simply couldn’t afford it this time,” the source stated. “He spends more money than he’s got coming in and is now having to cut back on certain luxuries.”
Justin Bieber with Hailey Bieber
This financial strain is causing concern among his wealth management team. The same insider disclosed that Bieber recently applied for a loan to buy Hailey a $700,000 diamond ring, but when the loan was denied, he purchased it anyway. “If Justin doesn’t make some changes soon, he could lose everything. He is going to go broke,” the source warned.
Despite these financial concerns, Bieber remains publicly silent about his situation. Instead, he has been sharing joyful moments with Hailey, who is expecting their first child. The couple, who married in 2019, announced the pregnancy on May 9, 2024, and Hailey has been proudly displaying her growing baby bump. On June 18, Hailey posted a photo on her Rhode brand’s Instagram page, showcasing her bump in a tight black dress, further exciting their fans.
“Everyone is excited for them,” an insider told People magazine. “They will be great parents, and Justin will be super involved. This will be the next important project for him. He’s so excited to raise his baby. They have a name that they think is perfect.”
As Justin Bieber prepares for fatherhood, his financial advisors hope he will make the necessary changes to secure his and his family’s future. Fans and industry insiders alike watch closely, hoping that the pop sensation can balance his personal joy with financial responsibility.