In 2023, Justin Bieber sold the rights to his song collection for more than $200 million; however, a recent report indicated that the pop icon is exceeding his revenues at an alarming rate. As a result of his diminishing money account, the Canadian singer and his wife, Hailey, who is 27 years old, were allegedly even compelled to take a commercial flight in the month of May.
“While they always fly private, Justin simply couldn’t afford it this time. He spends more money than he’s got coming in, and is now having to cut back on certain luxuries,” an unnamed source told Life & Style Magazine.
Justin abruptly ended his “Justice World” Tour just 49 days into its 132-show run in 2022, citing health concerns and weariness as the reasons for his decision. Since then, he has not released an album.
After selling his music collection for a total of $200 million, insiders had previously informed RadarOnline that the former phenomenon was contemplating retiring.
An anonymous informant disclosed that Justin is concerned that the pressure that he experiences in the music industry is not beneficial to him. "He just wants to disappear with Hailey and enjoy his money,” it claimed.
According to the source of Life & Style, Justin has already spent all of that windfall, and the fact that he is not receiving any extra money is causing problems with his wealth management staff.
“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,” the tipster said.
Meanwhile, Hailey posted a picture of her new jewelry that Justin had given her on Instagram on May 24. “If Justin doesn’t make some changes soon, he could lose everything. He is going to go broke," the mole furthered.
Fans were taken aback when Hailey and Justin made the announcement on May 9 that they were expecting their first child together. To commemorate this momentous occasion, the pair went on a romantic vacation to Hawaii, where they repeated their wedding vows.
Reportedly, the couple saw the pregnancy as a "fresh start" for their marriage, which comes after previous rumors claimed that they were going through a difficult period in their relationship.
The posts on social media, including one by her father Stephen asking his followers for "prayers" for the couple, were "blind items" from the "land of delusion," according to Hailey, who took to Instagram in March to put an end to "false" speculation about the partnership being in peril.
Business Times has reached out to Justin Bieber for comments.
