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Justin Bieber Upset With Business Managers Over 'Squandered' Fortune -- Why He Might Sue!

Justin Bieber Upset With Business Managers Over 'Squandered' Fortune -- Why He Might Sue!

Justin Bieber is out a bunch of money — and he is considering MAJOR legal recourse against those who are supposedly responsible!

On Wednesday, TMZ dropped a shocking bomb about Hailey Bieber‘s husband. According to sources with direct knowledge of the pop star’s financial situation, Justin has apparently been upset for several years after coming to learn that his biz managers allegedly lost MILLIONS of dollars of his money through what are being termed terrible business decisions. Oof!!

Related: Justin Shares Heartfelt Tribute To Liam Payne — And An Important Message To The Star’s Fans

Now, the specific details are still somewhat murky. For one, the news outlet doesn’t know how many managers are involved — other than to report it is apparently more than one. Whoa.

And the actual amount of the Sorry singer’s money that has allegedly been squandered isn’t known, either. TMZ claims it is an incredibly significant amount, though.

Yikes…

The issue is apparently so grave that Justin is said to be considering a lawsuit. Sources told the outlet that he is actively debating the possibility of filing some type of legal action against the alleged offenders. That decision has not been conclusively reached yet, though — because some people in Justin’s camp reportedly want him to sue, while others do not want him to take action in court. Hmmm!

Apparently, the argument against Justin fighting a legal fight is that the money allegedly squandered was lost during a period where he was simultaneously spending wildly on his own. And thus, the fear is that he caused his own financial problems, and it might be very difficult to prove in court that some managers in the past were guilty of money misdeeds. Damn…

Related: Justin Surprises Fans With Live Performance After Diddy Arrest — & Hailey Cheers Him On!

FYI, TMZ reports that Justin is NOT struggling financially. As you may recall, he sold his music catalog back in January of last year for a cool $200 million. Not exactly chump change! And even before that sale, insiders claimed that his net worth was around $100 million. So, his pockets are apparently still deep. VERY deep.

But the fact that he apparently feels like there’s legal action to pursue here because so much cash was supposedly squandered?! Yikes. BIG yikes. At this point, we’ll just keep our eye on possible next steps while we hope things work out however they should. If there’s justice to be meted out, hopefully the Biebs can find it.

Thoughts, y’all?? Share your takes on everything Bieber-related down in the comments (below)!

[Image via WENN/Avalon]

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Oct 23, 2024 14:10pm PDT