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Justin Bieber is supposed to be one of the world’s most prominent musicians with a net worth of millions of dollars.

However, a recent report claimed that the singer is rapidly losing money thanks to his lavish spending habits.

In 2023, Justin sold the rights to his music catalogue, which included his six studio albums: My World 2.0, Under the Mistletoe, Believe, Purpose, Changes, and Justice. Bustle reported that although the exact amount he earned from this sale was not publicly disclosed, it was estimated that he received more than a whopping $200 million.

Bieber has yet to release a new album in over three years, and his last tour was in 2022. This means money hasn’t been coming into his bank accounts. It doesn’t help that he’s spending so wildly despite this.

According to a source who spoke with InTouch Weekly, Justin and his wife, Hailey Bieber, always travel to their destination in a private aircraft. However, Justin’s financial problems were so bad that they were reportedly forced to fly commercial in May.

“While they always fly private, Justin simply couldn’t afford it this time,” a source exclusively tells In Touch. “He spends more money than he’s got coming in, and is now having to cut back on certain luxuries.”

These money issues are becoming a major cause for concern within his wealth management team.

“They recently advised him against buying Hailey a $700K diamond ring, so he applied for a loan. But the loan was denied and he purchased it anyway,” reveals the source.

“If Justin doesn’t make some changes soon, he could lose everything. He is going to go broke.”

As of now, Justin has yet to say anything about his money woes, but he has been showing off an excited Hailey with an ever-growing baby belly while travelling in Japan.

“Everyone is excited for them… 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,” an insider told People magazine.

The yen is at an all-time low so I suppose this is an affordable time to travel to the otherwise expensive country.

 

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The couple has yet to reveal the gender of their baby and has yet to share the Rhode Beauty founder’s due date.

Justin is going to have to get on a new album ASAP because having a kid is insanely costly.

[source:intouchweekly]