Justin Bieber’s ‘Money Is Dwindling’ as He’s Hit With Massive Bills, Source Says
Justin Bieber might be having a tumultuous 2024, if rumors are to be believed. While the pop star seemingly dodges his association with Sean “Diddy” Combs, he has serious bills to pay. Now, a source says Bieber’s wealth is “dwindling” due to his health concerns and property tax bill. Here’s what to know.
Justin Bieber can’t ‘sustain his extravagant lifestyle’ with his ‘dwindling’ bank account, a source says
Justin Bieber might be running out of money, according to an insider. The source told RadarOnline that Bieber’s “irresponsible” spending hasn’t let up since he canceled dates on his “Justice World Tour” in 2022 and 2023.
In 2022, Bieber was diagnosed with a neurological disorder called Ramsay-Hunt syndrome. He explained his disorder to his fans on Instagram.
“Earlier this year, I went public about my battle with Ramsay-Hunt Syndrome, where my face was partially paralyzed,” Bieber explained, according to Page Six. “As the result of this illness, I was not able to complete the North American leg of the ‘Justice Tour.’ After resting and consulting with my doctors, family, and team, I went to Europe in an effort to continue with the tour. I performed six live shows, but it took a real toll on me.”
Now, in 2024, Bieber still hasn’t hit the road with a tour or made new music. Additionally, he was hit with $380,000 in unpaid property taxes on his $16 million home.
“Justin has always been irresponsible with money and spends freely without looking at prices or his bank balance,” the source explained. “No wonder the money is dwindling. The quickest way to make some cash would be to tour, but Justin probably wouldn’t be able to withstand the rigors of the road.” The insider added that Bieber can’t “sustain his extravagant lifestyle” with no cash flow for “much longer.”
Justin Bieber reportedly considered retirement after selling his music catalog
While sources claim that Justin Bieber might be hurting for cash, such might not be the case. The pop star sold the rights to all of the music he made before 2022 for $200 million. Merck Mercuriadis, founder and chief executive officer of Hipgnosis Song Management, purchased the rights. “This acquisition ranks among the biggest deals ever made for an artist under the age of 70,” Mercuriadis said, according to The Wall Street Journal.
Bieber’s friend told RadarOnline that “stardom weighs heavily” on the pop singer, resulting in the massive sale. “Justin hasn’t felt right with the world for some time, and his stardom weighs heavily on him,” the friend explained. “Even his therapist says if what he’s doing makes him unhappy, he should make the hard decision to set it aside.”
Another insider noted that Bieber hopes to potentially retire with the $200 million. “He just wants to disappear with Hailey and enjoy his money,” they added.
The pop star doesn’t want to ‘relive’ or ‘discuss’ his relationship with Sean ‘Diddy’ Combs
Sean “Diddy” Combs’ arrest in 2024 had the public questioning what went on between the hip-hop mogul and Justin Bieber. Bieber and Combs spent time together in Bieber’s early teen years. The pop star hasn’t spoken out against the mogul, but insiders allege that he doesn’t want to “discuss” his previous time with Combs.
“The last thing Justin wants to do is relive or even discuss his complicated friendship with Diddy,” an insider told In Touch Weekly. “But he’s finally breaking his silence to his friends about his nightmare experience and the private hell it’s caused him. The source added that Bieber continues to focus on his wife, Hailey, and their son.
For more on the entertainment world and exclusive interviews, follow Showbiz Cheat Sheet’s Instagram.