Justin Bieber, the Canadian singer, reportedly sold his music catalogue because he was going through financial crisis.
In January 2023, the singer announced that he had sold his entire music catalogue, making him the youngest major artiste to ever do so.
In a recently released documentary titled ‘TMZ Investigates: What Happened to Bieber,’ insiders claimed the 31-year-old singer was nearing “financial collapse” in 2022, prompting his $200 million deal with Hipgnosis, a music rights investment firm, that December.
Sources said Justin Bieber’s longtime manager Scooter Braun advised against the sale, urging the singer to wait until January 2023 for tax advantages.
The documentary added that the ‘Baby’ hitmaker proceeded to sell his music catalogue, transferring ownership of his chart-topping discography.
Neither Bieber nor his team has publicly addressed the financial turmoil allegations.
Justin Bieber broke into the limelight as a teenager in 2010 with the release of ‘My World 2.0’, his debut studio album.
He has earned numerous awards throughout his career and established himself as one of the most influential music stars.
The singer has also been battling health issues.
In June 2022, the music star revealed he was diagnosed with Ramsay Hunt syndrome (RHS), a disorder that caused him to have partial facial paralysis.
Bieber also expressed his optimism, saying he believes he will get through the predicament because he has faith in Jesus.
