Justin Bieber’s team dismisses $20 million debt rumours post 2023 tour cancellation

Pop sensation Justin Bieber’s team has responded sharply to The Hollywood Reporter’s (THR) recent article, which claimed that the Peaches singer is facing significant financial troubles after cancellation of his 2023 Justice World Tour. The report alleged that Bieber owed over $20 million to promoter AEG after stopping the tour due to health issues.

The THR in their report claimed the Baby hitmaker received a $40 million advance, however, has returned only part of the sum. It claimed that the 30-year-old singer is financially ‘overstretched’, particularly due to owning six homes.


They quoted anonymous sources and an alleged former team member. The sources painted a grim picture of Bieber’s current state and said that watching him is like seeing the embodiment of someone who is lost, who is not living their purpose.

Justin Bieber’s team claps back

This report did not go down well with Team Bieber though. The Sorry singer’s representatives in a statement to US Weekly refuted the claims of his financial troubles. They slammed the article as a clickbait based on comments from unnamed and ill-informed ‘sources’ who are disappointed that they no longer work with Justin.

Meanwhile, in another statement to THR, the pop star’s reps said that any source trying to sell them a story on alleged financial distress doesn't understand the entertainment industry or is trying to paint an unflattering portrait of Justin which does not resemble reality.

Bieber’s recent life changes spark fresh speculation

The wave of speculation came after significant changes in Bieber’s personal and professional life, stated the media reports. Over the last year, the singer has reportedly ended long-term business relationships including with manager Scooter Braun. He reportedly also distanced himself from the Drew House fashion brand and is now launching a new creative venture named Skylrk.

Reportedly, a promotional video for the new venture symbolically showed Bieber burning down a Drew House-themed set before walking away hand-in-hand with wife Hailey Bieber and a stroller. This suggested the beginning of a new chapter. The video has been widely discussed online.

Justin Bieber sells his music catalogue

In January 2023, Bieber sold his music catalogue for a reported $200 million, a step some theorised was to secure financial security. Reportedly, fans have expressed concerns about his emotional health in recent months. Most notably, fans’ concern stemmed after reports of drug use emerged. His team strongly refuted the claims in February and described the speculation as exhaustive and pitiful.

They said that the constant negative stories will not discourage Bieber from remaining dedicated to his objectives and "being on the right track."

FAQs

Q: Why did Justin Bieber decide to cancel his Justice World Tour?
A: Justin Bieber cancelled the remaining 2023 tour dates because of health issues. But no precise diagnosis was revealed.

Q: Is Justin Bieber facing financial trouble?
A: No, according to his representatives, reports claiming he is in debt are “unfounded” and based on “clickbait” from disgruntled ex-team members.