Latest news with #HipgnosisSongsCapital
Yahoo
2 days ago
- Business
- Yahoo
Justin Bieber Sells Entire Music Catalog for $200 Million as Financial Woes Push Him to the Brink
Justin Bieber sold his treasured 300-song catalog in a desperate bid to line his empty pockets. Sources say the former teen idol shopped his life's work to Hipgnosis Songs Capital for a reported $200 million in 2022 to keep his head above water. A new documentary charges Justin, 31, was near 'financial collapse,' with one industry insider claiming that despite rolling up between $500 million and a billion dollars during his career, he 'was broke.' 'Selling this catalog was like selling a part of himself,' a source says. 'But given the choices he's made, he had no options.' As the National ENQUIRER has reported, the onetime chart-topping pop icon has reportedly lived like a king, splurging on high-end real estate, elaborate parties and private jets — despite not working in years. His last studio album was 2021's Justice and, before joining SZA for her Grand National Tour concert at SoFi Stadium on May 23, the last time he performed live was in February 2024. Despite that, 'he's blowing through cash like there's no tomorrow,' says an insider. That includes dropping a small fortune on six lavish homes and reportedly splashing out $300,000 at the upscale restaurant Nobu during this year's Coachella music fest. Just as troubling, sources say Justin has alienated himself from his former inner circle — unfollowing his former manager Scooter Braun and his assistant Allison Kaye, who juggled nearly every aspect of his life before quitting in January. The 'Sorry' singer also cut ties with his head of security and road manager, Kenny Hamilton, and longtime pal and head of his fashion brand, Ryan Good, who was the best man at his 2018 wedding to model Hailey Baldwin. 'Justin is managing himself through his own family office now, and there's skepticism on if he can do it alone,' veteran music executive Chris Anokute said. The What Happened to Justin Bieber? documentary claims the star's massive debt hit def-con proportions when he chose to walk away from a reported $90 million payday after abandoning his Justice world tour in 2022. Sources say he canceled the tour to prioritize his health after being diagnosed with type 2 Ramsay Hunt syndrome, a virus that inflames the nerves and causes shingles and chickenpox. In a statement shared on social media at the time, Justin said, 'After getting off stage, the exhaustion overtook me, and I realized that I need to make my health the priority.' 'Justin gave up his songs to save his life,' a source says. 'Now he's working without a net.'
Express Tribune
3 days ago
- Business
- Express Tribune
Who's the richer Bieber? Inside Justin and Hailey Bieber's wealth after $1 Billion rhode Beauty deal
Justin and Hailey Bieber have built separate and impressive careers since marrying in 2018. But a new milestone in Hailey's career has reignited the question — who's the richer Bieber? On May 28, Hailey announced that her skincare company, rhode, had been acquired by e.l.f. Beauty in a deal valued at $1 billion. In her own words, 'I am so incredibly excited and proud to announce that we are partnering with e.l.f. Beauty as we step into this next chapter in the world of rhode.' Hailey added, 'I found a like-minded disruptor with a vision to be a different kind of company that believes in big ideas and innovation in the same way that I do and will help us continue to grow the brand. I feel invigorated, excited and more ready than ever.' While Hailey transitions into her new roles at rhode, Justin Bieber has had a longstanding presence in the music industry. In December 2022, he sold his 291-song catalogue to Hipgnosis Songs Capital for a reported $200 million. Over his career, Justin has released six studio albums and sold over 60 million album equivalents worldwide. The Grammy winner has also ventured into fashion, most notably with Drew House, though he later announced he was no longer affiliated. His rumoured next brand, SKYLRK, has yet to launch. Despite recent speculation around his financial status, a rep stated in April 2025, 'This is just clickbait stupidity based on unnamed — and clearly ill-informed — 'sources'.' While Justin's music legacy is substantial, Hailey's billion-dollar business deal may now place her ahead financially.
Time of India
3 days ago
- Entertainment
- Time of India
What is Justin Bieber and Hailey Bieber's net worth? A look at their wealth after model's billion-dollar beauty deal
Justin Bieber and Hailey Bieber, married since 2018, have built impressive careers in music, modelling, and business, making them one of the most successful celebrity couples today. Here's a look at the couple's fortune: Justin Bieber's Fortune Justin Bieber rose to fame as a teenager and has earned hundreds of millions from music. He has released six studio albums, including Purpose and Justice, and has sold over 60 million album equivalents worldwide. In December 2022, Justin sold his catalogue of 291 songs to Hipgnosis Songs Capital for about $200 million. There were rumours that he sold the rights because he was facing financial problems after cancelling his Justice World Tour due to his Ramsay Hunt syndrome diagnosis. However, Justin's team has denied these claims, calling them 'clickbait nonsense'. Justin also co-founded the fashion brand Drew House in 2019, but in April 2025, he announced he was leaving the brand, saying it no longer reflected him or his family. He has hinted at a new fashion project called SKYLRK, but it has not launched yet. Together on the Road to the Billionaire Club Since marrying in 2018, Justin and Hailey have combined their talents to build a growing empire. Both have been featured on Forbes' 30 Under 30 list—Justin in 2017 and Hailey in 2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 28 Amazing Benefits Of Apple Cider Vinegar (That Will Amaze You!) Undo Their ventures in music, fashion, modelling, and beauty have brought them close to billionaire status. Despite personal challenges and rumours about financial struggles, their careers continue to thrive. In August 2024, they welcomed their first child, Jack Blues. With their family growing and businesses booming, Justin and Hailey Bieber's success story looks set to continue. Justin Bieber DEFENDS Chris Brown After SHOCK Arrest In London | $6.7M Bail Leaves Fans STUNNED Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .
New Straits Times
20-05-2025
- Entertainment
- New Straits Times
#SHOWBIZ: Justin Bieber reportedly near financial ruin before RM850mil music catalogue sale
NEW YORK: Justin Bieber was reportedly on the verge of financial ruin before selling his music catalogue for US$200 million (RM853.92 million) two years ago. Sources close to the pop star told TMZ's "What Happened To Justin Bieber" that he was facing "financial collapse" when he made the sale to Hipgnosis Songs Capital. Bieber, 31, had reportedly spent the entirety of his estimated career earnings, ranging from US$500 million to US$1 billion (RM2.13 billion to RM4.27 billion). His manager, Scooter Braun, had reportedly advised him against such an early sale, suggesting Bieber wait until early 2023 to secure a tax advantage. Although the sale was not publicly reported until late January 2023, TMZ revealed that the Grammy winner completed the deal in December 2022, making him the youngest musician to sell his catalogue. Despite these reports, Bieber's team has denied claims of "financial distress" following the cancellation of much of his 2022 Justice world tour. They also refuted allegations that he owes Braun's company US$20 million (RM85.43 million). "Any source that is trying to sell you a story about alleged financial distress either doesn't understand the entertainment industry or, more likely, is trying to paint an unflattering portrait of Justin, which bears no resemblance to reality," Bieber's team informed The Hollywood Reporter.
Yahoo
19-05-2025
- Entertainment
- Yahoo
Justin Bieber Sold His Music Catalog for $200 Million Because He'd Lost His Entire Fortune, New Documentary Claims
Justin Bieber was on the verge of "financial collapse" when he sold his music catalog in 2022, a new TMZ documentary claims The singer sold his catalog for a reported $200 million to Hipgnosis Songs Capital The debt was allegedly incurred following the cancellation of his Justice World TourJustin Bieber was in dire financial straits when he sold his song catalog in December 2022, according to a new TMZ documentary. Bieber, 31, unloaded his nearly 300-song collection to Hipgnosis Songs Capital for a reported $200 million — and it was because he was on the verge of 'financial collapse,' claims a new documentary titled TMZ Investigates: What Happened to Justin Bieber? In the documentary, which is streaming on Hulu, TMZ executive producer Harvey Levin claims the 'Peaches' singer amassed between $500 million and $1 billion throughout his career, but ultimately 'had to sell his music catalog because he was broke,' due in part to debts incurred following the 2022 cancellation of his Justice World Tour. 'I was on a call with multiple people — Justin's side acknowledges that in 2022, he was on the verge of… the words were 'financial collapse.' And that's why he had to sell his catalog," Levin alleges in the documentary. When reached by PEOPLE, a rep for Bieber had no comment. Levin also alleged that when Bieber's then-manager Scooter Braun got wind of the sale, he encouraged the star to wait until January 2023 to make the sale in order to get a tax break. 'Justin said, 'I gotta sell it now.' And he sold it in December. That's how broke he was,' Levin claims. Though it remains unclear just how Bieber spent his fortune, one TMZ staffer alleges that he had eight buses on his Justice World Tour and spent $2 million renovating one, and also flew on expensive jets and paid cash for several mega-mansions. Elsewhere in the documentary, TMZ executive producer Don Nash claims that Bieber would have made $90 million had he finished his Justice World Tour, which he canceled in September 2022 in order to prioritize his health. The TMZ documentary comes one month after The Hollywood Reporter published a story similarly claiming that Bieber had been left with millions of dollars in debt after canceling the tour. At the time, a rep for the star slammed the outlet's sources in a statement, telling PEOPLE: 'This is just clickbait stupidity based on unnamed — and clearly ill-informed — 'sources,' disappointed that they no longer work with Justin. As Justin forges his own way forward, these unnecessary stories and inaccurate assumptions will continue. But, they won't deter him from staying committed to following the right path." Meanwhile, a source told PEOPLE that same month that the Grammy winner — who welcomed son Jack Blues in August with wife Hailey Bieber — is 'facing a lot of different demons right now.' 'He is making some really poor decisions lately, further impacting friendships, money and business. People are worried about him,' the source said. Read the original article on People
