Justin Bieber Reportedly Considering Lawsuit Over Alleged Mismanagement of Fortune

Justin Bieber is reportedly weighing the possibility of suing his former business managers, accusing them of mismanaging his wealth, according to a report by TMZ. Sources claim the pop star has been frustrated for years, believing their poor financial decisions cost him a significant portion of his fortune.

While details about the amount in question or the specific managers involved remain unclear, Bieber has been in discussions with his current advisors about taking legal action.

However, the situation may be more complex than it appears. Some members of Bieber’s current team reportedly believe that the singer’s own spending habits have contributed to his financial issues, potentially complicating a lawsuit.

Bieber, whose net worth is estimated at $300 million, made headlines in January 2023 when he sold his music catalog to Hipgnosis Songs Capital for $200 million. The deal included his publishing and recorded music rights, covering his back catalog of hits.

Though Bieber has replaced his former business manager Lou Taylor with Edward White, who also manages Johnny Depp, it’s still uncertain if he will follow through with the lawsuit.