Justin Bieber has reportedly been hit with a staggering $380k bill for unpaid property taxes.
The unexpected expense comes at a particularly tough time for the singer, who is said to be considering taking legal action against his former business managers for allegedly squandering his fortune.
Justin Bieber also recently parted ways with his long-time manager, Scooter Braun, though it is unclear if the talent manager is among the people he might sue.
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Justin Bieber Reportedly Hit With $380k Bill For Unpaid Property Taxes
The “Sorry” hitmaker has been hit with a staggering $380,349 bill for unpaid property taxes on his $16.6 million home near the exclusive Madison Club in Coachella Valley, which he bought in January last year.
According to The U.S. Sun, official records show that half of the amount was due by October 12 and the other half by April 10 next year.
The taxes for 2022 and 2023 are understood to be supplemental.
Justin also has a stunning eight-bed, 11-bath estate in Beverly Hills, which he bought for $25.8 million in August 2020. However, he took out a line of credit worth $5 million from Comerica Bank for the home 13 months later.
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Justin Bieber Is Considering Legal Actions Against Former Business Managers
Meanwhile, the “What Do You Mean?” singer is reportedly “upset” and is considering taking legal action against his former business managers for allegedly squandering his $300 million fortune.
According to People Magazine, the 30-year-old singer, who recently welcomed a son, Jack, with his wife Hailey Bieber, cut ties with his business manager Lou Taylor earlier this year, having worked with her company, Tri Star Sports And Entertainment Group, since 2022.
“They parted ways a few weeks ago in May,” a source told the news outlet at the time. “It was a mutual and seamless transition. It wasn’t a fit anymore.”
In a statement to The U.S. Sun on Wednesday, John Hueston, who is representing Tri-Star, said Justin is not considering legal action against their company.
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“We did nothing wrong in our brief 18 months of representing him, and he is aware of this,” a rep for the company said. “We were not involved in any alleged unpaid property bills.”
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He Parted Ways With Scooter Braun
The news about Bieber’s intention to sue his business managers comes months after he parted ways with talent manager Scooter Braun.
The reason behind the separation was not stated at the time, only that the talent manager would no longer have a hand in directing Bieber’s affairs.
“Scooter Braun and SB Projects are not involved in Justin’s current business or management and will not be involved moving forward,” read a report from People Magazine.
They added, “Justin is excited about the projects he is currently working on and is focused on what’s in front of him.”
Following the revelation, Braun announced that he was retiring from music management after 23 years.
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Justin Bieber’s Team Is Divided On Him Suing
Although no suit has been filed at this time, Justin’s team is reportedly divided over the matter as some people in his close circle want him to sue, while others don’t.
The U.S. Sun reported that “the argument against suing is that Justin went through a period where he was spending wildly.”
A source recently told Page Six that the “Peaches” singer’s spending habits are “out of control” and alleged that the people he surrounds himself with aren’t being forthright with him.
“He spends eye-watering amounts per month. At one point, he couldn’t even get a credit card,” the source shared. “Justin is surrounded by a lot of people that do not have his best interests at heart.”
They further claimed that Justin often breaks the bank on private jets, houses, and church donations.
The Singer Sold His Music Catalog
Justin’s fortune seemingly skyrocketed to $300 million after selling his music catalog for $200 million in January 2023 to Hipgnosis Songs Capital.
According to Page Six, the move meant that he sold the rights to every song he has released or had an interest in up until the end of 2021.
The company now owns a 100% interest in profits made from Bieber’s writings and recording credits, as well as “neighboring rights,” otherwise known as the money made from any public plays of the song in stores, restaurants, etc.
His recorded masters, however, will continue to be owned by Universal Music Group in perpetuity.
Meanwhile, he has since hired Johnny Depp’s financial manager, Edward White, who founded Edward White & Co. in 1976, to help with his money management.