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Justin Bieber is counting on his wife's money to pay off his debt.
Justin Bieber is reportedly relying on his wife Hailey Bieber's billion-dollar deal with e.l.f. cosmetics brand to pay off his $31 million debt. Justin's debt settlement agreement states that he is not obligated to pay the debt until Hailey's deal is paid into their account.
The debt dates back to when Justin was unable to repay a $26 million loan from the tour company after canceling his 2022 tour due to Ramsey Hunt syndrome and facial paralysis. Justin's former manager Scooter Braun stepped in and paid the debt for Justin through his entertainment company (HYBE). It also emerged that Bieber owed Braun more than $11 million in back commissions, of which he will only pay half.
Hailey Bieber recently announced the sale of her cosmetics company Rhode, making her the couple's primary breadwinner. The proceeds from the deal are said to be the main source of Justin's debt payments.
At the same time, the media has reported Bieber's reckless spending, including spending $300,000 at a restaurant during the Coachella Festival, despite not having any significant artistic activity for a long time.
Bieber's representative has denied all rumors about a financial crisis, saying that any source making such a claim either doesn't know the entertainment industry or wants to present a false image of Justin that has nothing to do with reality.
Meanwhile, while speculation about Justin Bieber's mental state and rumors of his split from Hailey Bieber filled the media, the Canadian singer made an unexpected comeback with a 20-track album called "Swag," which was released without any promotion.
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