Canadian singer Justin Bieber recently slammed recent reports claiming he was bankrupt.
In a statement released by his team, they called the claims “click bait stupid” and came from unreliable sources who were “disappointed that they no longer worked with Justin.”
The statement is in response to an article published Wednesday in The Hollywood Reporter, in which a former Bieber team employee claimed that the star was in multimillion dollars in debt after he canceled his Justice World Tour after several delays due to health issues.
In a statement about the Us Weekly story, Bieber’s team strongly denied the allegations.
“This is just a clickbait stupid based on an unnamed and obviously not obvious “source” source,” the statement reads, “and disappointed they no longer work with Justin. ”
“Justin forges his way forward, these unnecessary stories and incorrect assumptions will continue. But they won’t stop him from following the right path. ”
Bieber’s team also told THR, “Any source trying to sell you stories about alleged financial distress…either don’t understand the entertainment industry or are more likely to be trying to portray an annoying portrait of Justin, who has no similarity to reality.”
The statement was published in the media’s “Justin Bieber’s Crisis of Faith.” article.
In a THR report, a source said that when Bieber announced in February 2023 that he would cancel the remaining tour dates, “had a series of financial consequences that are still plaguing the artists.”
The trip was scheduled to start in 2020 but was postponed due to the pandemic, and was then postponed again in 2022 after he was diagnosed with Ramsay Hunt syndrome, which caused facial paralysis.
In March 2023, he canceled the remaining tour indefinitely.
The article also claimed that according to their insiders, Bieber not only owed a “big debt” (about $20 million), but after canceling the tour, he reportedly received a $40 million advance before the tour.
“Bieber has returned only a portion of what he borrowed so far,” the store claims, with multiple sources of Bieber allegedly being “overstretched” financially.
It was two years after Bieber shockedly sold his entire music catalog for $200 million.
The store claims the initial deal was set at $140 million to buy Hipgnosis Songs Capital on rumor, but Bieber’s team, including his former manager Scooter Braun, negotiated a offer of up to $200 million.
Sources told the media that his team hopes larger sums will provide singers with longer time.
