Justin Bieber reportedly considering suing business managers for squandering $300M
Pop Singer, Justin Bieber, is reportedly contemplating legal action against his former business managers for allegedly mismanaging his finances.
The singer has harbored anger for several years, believing he has lost a significant amount of money due to the decisions made by his managers, as reported by TMZ on Wednesday, October 23.
According to the reports, “It’s unclear just how much Justin thinks has been squandered — other than it’s a huge amount — but our sources say he’s discussing the possibility of filing a lawsuit against the alleged offenders. We’re told his current team is split — some members want him to sue, but others don’t.
We’re told the argument against suing is that Justin went through a period where he was spending wildly. Translation — he caused his own problem.“
Justin is not struggling financially … he sold his music catalog in January, 2023 for $200 million, and before the sale, our sources say his net worth was around $100 million.“