The disagreement between Bieber and Braun appears to revolve around financial matters, with Bieber’s team alleging that he paid Braun more than necessary in commissions, while Braun’s representatives claim that the manager is owed millions by the singer.
Justin Bieber’s current financial troubles have raised alarms among his fans due to his unpredictable behavior and unkempt look in recent times.
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Scooter Braun Still ‘Cares Deeply’ For Justin Bieber
Recent reports, supported by financial audits, have concluded that Bieber has a financial obligation of over $8 million to Braun. Despite this, Braun, Bieber’s former manager, has apparently chosen not to engage in a public feud with the singer and is granting him a reasonable amount of time to settle the debt.
A source told the Daily Mail that the manager feels he has “been taken advantage of” but doesn’t want to be embroiled in a fight with the “Peaches” singer, whom he helped discover as a young boy.
“Scooter has sat back patiently while Justin spends millions on partying and renting out Nobu at Coachella,” a source told the news outlet. “He has given him so much grace because he cares deeply for him, but for Justin to continue going on like he has been taken advantage of is disgraceful.”
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“Scooter bailed him out on his tour. He covered his entire eye-watering debt for the cancellation due to his illness,” the insider noted. “Justin has not tried to pay him back. He needs to pay back his $8 million, and this should be prioritized over launching a clothing brand.”
Another source added, “Scooter doesn’t know if he will be getting the money back, but it just shows the money drama around Justin. It is a major upheaval and uphill battle for Justin right now in many facets of his life.”
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Justin Bieber And Scooter Braun’s Money Drama
Braun has decided not to go hard on Bieber over his alleged $8 million debt. The “Sorry” hitmaker had a lengthy period with Braun as his manager, but the pair cut ties with each other in 2024 over some financial misunderstandings.
Bieber allegedly accrued a hefty debt after cancelling his “Justice” world tour in 2022 because he was diagnosed with Ramsay Hunt Syndrome, which left him partially paralyzed in his face.
Sources told TMZ that tour promoter AEG gave him a $40 million advance, but with his cancellation, he had to pay back $24 million to the company. Unfortunately, the singer didn’t have the money.
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Braun’s company, Hybe America, then stepped in to cover the debt, with Bieber agreeing to reimburse the firm in installments over a 10-year window, but he allegedly stopped paying after making one payment.
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Scooter Braun’s Company Brought In A Private Audit Firm To Investigate The Money Issue
Sources in Bieber’s camp told TMZ that after looking through documents, his then-business manager, Lou Taylor, concluded that the singer had overpaid Braun $26 million in commissions.
However, Braun’s company conducted an internal audit, where they determined that Bieber owed the manager $1 million.
This discovery didn’t sit well with Bieber’s camp, who branded Hybe’s audit “corrupt.”
This reaction prompted Hybe to enlist the services of private audit firm PricewaterhouseCoopers (PwC) to conduct an independent investigation, and after 6 months of looking through the books, they determined that Bieber owes Braun approximately $8,806,000.
Justin Bieber Sold His Music Catalogue To Prevent A ‘Financial Collapse’
Bieber’s brawl with Braun comes amid reports that he’s in a bad place financially.
The 31-year-old singer, who welcomed his first child with wife Hailey in August, hasn’t released an album since he dropped “Justice” in 2021 and seemingly lost out on $90 million with the cancellation of his tour.
TMZ executive producer Harvey Levin now claims Bieber amassed between $500 million and $1 billion as the world’s biggest pop star, but ultimately “had to sell his music catalog because he was broke,” with sources adding that the singer was on the verge of “financial collapse.”
Braun reportedly warned him against the decision, insisting it was a bad idea to sell early in his career, but the singer didn’t heed.
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The manager still advised him to at least wait till January 2023 to get a tax break, but Bieber couldn’t wait and sold it in December 2022.
The Singer’s Rep Addressed Reports Of Money Problems
Bieber’s money issues have sparked concern from his former friends as reports suggest things have gotten so bad that his wife, Hailey, has “become kind of the breadwinner” in their marriage.
A source told the New York Post, “People are worried about him,” and the heavy spending lifestyle he has adopted as he “hasn’t worked in a really long time.”
The couple, who have been embroiled in rumors of marital discord for months, have adopted a luxury lifestyle and do not hesitate to show off on Instagram, despite reports claiming “there’s no money coming in for a long time.”
The source told the news outlet that Hailey is also a big spender, but her Rhode Beauty company “hasn’t made any money yet,” claiming that “if they sell Rhode, they’ll be exponentially wealthy.”
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However, a rep for the singer has distanced him from reports of financial problems, telling People Magazine that they’re just “clickbait stupidity based on unnamed — and clearly ill-informed ‘sources’ disappointed that they no longer work with Justin.”
