Justin Bieber’s Financial Downfall Unveiled in New Hulu Documentary

Once soaring to the heights of fame with an estimated net worth ranging from half a billion to a billion dollars, Justin Bieber now finds himself confronting serious financial difficulties. According to a revealing new TMZ documentary titled TMZ Investigates: What Happened to Justin Bieber, a combination of financial mismanagement, legal disputes, and tour cancellations has pushed the pop star toward the brink of financial ruin.

The documentary, streaming now on Hulu in the United States, exposes the extent of Bieber’s economic troubles. By late 2022, sources suggest he was teetering on the edge of what could be described as “financial collapse.” To recover some of his losses, Bieber made the controversial decision to sell the rights to his music catalog for an estimated $200 million in December of that year. His longtime manager, Scooter Braun, reportedly advised him to delay the sale until the start of the new year to maximize tax benefits, but Bieber opted to sell immediately—an action that reportedly triggered a substantial penalty.

The early sale, which came after Bieber had already received a $40 million advance, resulted in a $24 million penalty. The situation became more complicated when Braun’s management firm, HYBE, stepped in to attempt a resolution. Despite efforts to settle the outstanding debts, Bieber only made a single payment toward the settlement agreement.

The tensions escalated further when Bieber’s business manager, Lou Taylor, publicly accused Braun of unfairly collecting $26 million in commissions. However, internal investigations by HYBE revealed that Bieber still owed Braun over $1 million. External audits conducted by PwC confirmed the debt was approximately $8.8 million, painting a stark picture of Bieber’s current financial struggles.

Once admired for his incredible success, Bieber’s recent financial saga underscores how even the biggest stars are not immune to the pitfalls of mismanagement and legal disputes. As the documentary sheds light on his turbulent financial journey, fans and critics alike are reminded that behind the glitz and glamour, the path to stardom can be both unpredictable and perilous.