Justin Bieber is low on cash due to unpaid taxes and canceled tours, with some claiming he's been careless with his finances.
6 days ago | 5 Views
Justin Bieber may have escaped a close call with Sean ‘Diddy’ Combs, but he’s found himself in a different kind of mess. Word is, the singer is facing some hefty bills while rumors swirl about his connection to the controversial mogul. A source shared with Radar Online that Bieber’s finances are “shrinking” due to health issues and property tax expenses. Fans are also worried about his recent lackluster appearances.
Bieber faces some hefty property tax bills.
Bieber's financial situation is reportedly looking pretty bleak, according to a source who spoke to the news outlet. The insider pointed fingers at the singer's "irresponsible" spending habits, which haven't changed even after he had to cancel his Justice World Tour dates in 2022 and 2023.
He was diagnosed with Ramsay-Hunt syndrome, which caused partial paralysis in his face. Bieber shared his struggles on Instagram, saying, “Because of this illness, I couldn’t finish the North American part of the ‘Justice Tour.’ After taking some time to rest and talk with my doctors, family, and team, I tried to push through in Europe. I managed to perform six shows, but it really took a toll on me,” as reported by Page Six.
The artist hasn't announced any tours or dropped new music since then. On top of that, he’s facing a hefty $380,000 bill for unpaid property taxes on his $16 million home.
A source told RadarOnline, “Justin has always been careless with his finances, spending without checking prices or his bank account. It’s no surprise his funds are running low. Touring would be the fastest way to earn some cash, but Justin might struggle with the demands of being on the road.”
They also mentioned that the Baby singer won’t be able to keep up his lavish lifestyle for much longer without some cash flow, according to Cheatsheet.
Is Bieber considering hanging up his hat?
Bieber's financial situation seems a bit shaky, but he did cash in by selling all his music rights from albums released before 2022 to Merck Mercuriadis, the head of Hipgnosis Song Management, for a whopping $200 million. The Wall Street Journal noted that Mercuriadis mentioned, “This acquisition ranks among the biggest deals ever made for an artist under the age of 70.”
A buddy of the "Let Me Love You" singer shared with RadarOnline that this big sale is a result of the intense pressure that comes with fame. The friend revealed, “Justin hasn’t been feeling great about things for a while, and the weight of his stardom is tough on him. Even his therapist suggests that if it’s making him unhappy, he should consider stepping back.”
Another insider told the outlet that the singer is looking to retire comfortably with the $200 million, saying, “He just wants to escape with Hailey and enjoy his wealth.”
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