Justin Bieber upset with former managers, may sue them over mismanagement of $300 mn fortune

Justin Bieber seems ready to sing a new tune—one that’s a bit more legal! The Baby singer is reportedly considering taking legal action against his former business managers, claiming they mismanaged his hard-earned money. According to sources spilling the tea to TMZ, Bieber has been stewing over his finances for years, believing he’s lost a hefty chunk of cash thanks to his ex-managers' questionable decisions.

Justin Bieber’s financial mess

Though the exact amount of Bieber’s financial losses remains hush-hush, insiders suggest the pop star, now 30, has been mulling over the possibility of dragging those responsible to court. However, it seems Bieber’s current team is split on the matter. Some are all for the lawsuit, but others argue that the pop star’s own spending habits—let’s just say, a little extravagant at times—might be to blame for his financial woes. The question remains: Is it really all the managers’ fault?

Justin Bieber’s net worth

As the dust settles on this potential legal battle, Bieber’s estimated net worth sits at a cool $300 million (roughly ?2,499 crores). A huge portion of that came from the jaw-dropping $200 million (?1,666 crores) deal he signed with Hipgnosis Songs Capital in January 2023, selling his music catalog rights. This included his publishing, master recordings, and other royalties from his chart-topping hits.

Despite his current fortune, Bieber’s issues with money management go way back. Before the big sale of his catalogue, the "Sorry" singer was reportedly worth $100 million (?833 crores). Earlier this year, Bieber ditched his business manager Lou Taylor, replacing her with Edward White, the guy who also manages Johnny Depp. Though TMZ didn’t name names in their report, Bieber seems laser-focused on finding justice.

Besides this, Bieber recently made headlines because of all the P Diddy drama. Bieber’s name has also been caught up in the P. Diddy scandal that’s sent fans into a frenzy. Videos of Bieber’s interactions with the now 54-year-old rapper have resurfaced, with some fans speculating that Diddy might have been checking Bieber for a wire in one of their more awkward embraces. Diddy, who once mentored Bieber during his teenage years, is currently facing serious charges, including sex trafficking and racketeering, all of which he has denied.

It seems Bieber’s life is anything but dull—between financial chaos, father duties and resurfacing scandals, he’s got a lot to sort out!