Justin Bieber, the Canadian pop star, has recently faced several financial challenges. In October 2024, he received a property tax bill of $380,349 for his Coachella Valley residence, purchased in January 2023. This bill was due in two installments, with the first half overdue by October 12, 2024, and the second half due by April 10, 2025. The unpaid taxes have raised concerns about his financial management practices.
In May 2025, an independent audit revealed that Bieber owed his former manager, Scooter Braun, over $8.8 million. This debt stems from a loan Braun provided to cover losses from Bieber's canceled 2022 Justice World Tour. Despite Bieber's significant net worth, reports suggest that his spending habits and financial decisions have led to substantial debts.
To address these financial strains, Bieber sold the rights to his entire music catalog to Hipgnosis Songs Capital in January 2023. This deal, valued at over $200 million, included all his music assets up to the end of 2021. The sale was one of the largest catalog deals for an artist under 70, highlighting the value of Bieber's extensive collection.
In June 2024, Bieber parted ways with his business manager, Lou Taylor, and hired Edward White, known for managing Johnny Depp's finances. This change aims to provide a fresh approach to his financial management and address the challenges he has faced in recent years.
These developments underscore the complexities of financial management in the entertainment industry and highlight the importance of strategic planning and oversight for artists managing substantial incomes and expenditures.