World famous pop icon and new father Justin Bieber is considering legal action against his former business managers, who he feels squandered his fortune, according to sources who spoke to TMZ. The 30 year old singer, who was discovered on YouTube at the age of 13 by record executive Scooter Braun and was mentored as a teen by R&B singer Usher , quickly shot to fame in 2010 after the success of "Baby," the lead single off his debut album. Since then, Bieber has accumulated a net worth of $300 million, though he reportedly feels that number should be much higher after his managers allegedly made "terrible decisions" with his money.
Justin Bieber is 'miserable' and 'desperate' for money because of his wife Hailey's expensive taste How Hailey Bieber got Justin on right track after dark drug-filled teenage days and Diddy friendship According to sources, Bieber is seriously considering taking legal action against his former business managers over the mishandling of his fortune that he made as one of the world's biggest and most successful pop stars. A big chunk of Bieber's net worth comes from the sale of his 290 song catalogue in January 2023 to Hipgnosis Songs Capital. The $200-million deal included shares of the pop star's publishing and recorded-music catalog, interest in publishing copyrights, master recordings and neighboring rights for his entire back catalog.
Earlier this year, the What Do You Mean? singer fired his business manager Lou Taylor and replaced her with Edward W.