Justin Bieber faces financial strain, owes millions in debt: Reports

Pop superstar Justin Bieber is reportedly dealing with serious financial challenges following the cancellation of his 2022 Justice World Tour and a deteriorating relationship with his former manager, Scooter Braun.

According to reports, Bieber owes concert promoter AEG around USD 24 million, stemming from an advance payment of USD 40 million for the now-canceled tour. The financial strain has only grown more apparent as details emerge about a repayment agreement between Bieber and Braun's company, Hybe.

Circulating reports suggested that Hybe stepped in to cover Bieber’s tour-related debt, with the understanding that the singer would repay the sum over a 10-year period. However, sources claim Bieber made just one payment before halting further installments.

Bieber's team has acknowledged financial pressures behind the scenes. A source close to the artist alleged that Bieber’s business manager, Lou Taylor, uncovered that Braun had been “grossly overpaid in commissions by USD 26 million.” Another insider said that Braun initially stepped in to “help him” financially after the tour collapse, while a separate source pointed to Bieber’s lavish lifestyle as a key factor behind his current troubles.

“He spends eye-watering amounts per month. At one point, he couldn’t even get a credit card,” the source claimed, suggesting that some people in his inner circle may not have his “best interests” at heart.

Despite selling the rights to his music catalog for an estimated USD 200 million in early 2023, sources say the singer remains financially overextended. His extensive real estate holdings—including a USD 26 million mansion in Beverly Park, a USD 16 million home in La Quinta, and a lakeside retreat at Idaho’s exclusive Gozzer Ranch—are believed to be major contributors to his cash flow issues.

Still, Bieber’s representatives have pushed back against claims of financial distress. “These sources are attempting to paint an unflattering portrait of Justin that bears no resemblance to reality,” a spokesperson said.