Pop star Justin Bieber is reportedly contemplating legal action against his former business managers, accusing them of mismanaging his finances. According to a report by TMZ on Wednesday, October 23, Bieber has been frustrated for years, believing that their decisions have caused him significant financial losses.
The report suggests that while the exact amount Bieber believes he has lost is unclear, it is considered to be substantial. Sources indicate that Bieber is in discussions about potentially filing a lawsuit against those he holds responsible. However, his current team appears divided on the matter, with some urging him to sue, while others are advising against it.
Those opposed to legal action argue that Bieber’s extravagant spending habits in the past may have contributed to his financial issues. Despite this, the singer is not facing financial difficulties, as he sold his music catalog in January 2023 for $200 million. Prior to that sale, Bieber’s net worth was estimated at around $100 million, according to the report.
It remains to be seen whether Bieber will pursue legal action, as discussions are still ongoing within his team.
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