Justin Bieber ranks among the most famous singers, establishing himself as a pop icon during the 2010s. Bieber rose to meteoric fame as a teenager and has continually developed a loyal fanbase thanks to his hit music selling an estimated 150 million records worldwide. As a result, it isn’t hard to see why Bieber is also one of the richest musicians of his generation.
Despite this, the artist is reportedly unhappy with his business managers as a new rumor indicates the singer is preparing to take legal action against them. The news comes on the heels of Bieber’s alleged personal struggles following the controversial arrest of rapper Sean “Diddy” Combs. Here is everything you need to know about why Bieber is making headlines recently.
Justin Bieber Reportedly Considering Lawsuit Against Business Managers
Justin Bieber became a sensation following his debut in the 2010s, delivering hit singles like Baby and One Time. Over the years, Bieber has released six studio albums, selling over 150 million records, and amassed a hefty net worth of over $300 million.
According to a report from tabloid outlet TMZ, Bieber is unhappy with the management of his finances. The Sorry singer allegedly believes his former business managers grossly mismanaged his money, leading to significant losses and he is now contemplating legal action.
While the report did not specify the extent of losses Bieber incurred, it is speculated that the singer lost an astounding amount of money over the years. At the same time, it is also uncertain what business decisions the report is referring to, following Bieber’s sale of his music catalog in early 2023, which netted him over $200 million.
According to sources, the singer took hold of his finances in June 2024 after parting ways with business manager Lou Taylor and later hired financial manager Edward White. However, it is unclear which party could be on the receiving end of the bargain, assuming Bieber decides to move forward with the rumored plans for legal actions against his former business managers.
Justin Bieber Is Allegedly Living in Fear After Recent Diddy Controversy
Bieber recently came under media scrutiny for his close friendship with rapper Sean “Diddy” Combs following the latter’s arrest and indictment in September 2024 on racketeering, s-x trafficking, and other serious charges.
In October 2024, it was reported that Bieber was experiencing a period of turmoil in his personal life. As a result, those around the singer were reportedly concerned about his well-being.
He’s obviously been very worried about this Diddy situation because it drags him into the headlines in a very lurid and upsetting way.
A source close to the singer made the above comments to RadarOnline regarding the impact of the Diddy saga on Bieber. Furthermore, a video of Bieber’s interaction with Diddy also recently resurfaced online.
It raised further questions about their friendship, with the duo having made several public appearances together in the past. Meanwhile, Bieber became a father to a son in August 2024, with his wife Hailey Baldwin. He is reportedly focusing on his family at the time as the couple also celebrated their fifth wedding anniversary last month.
