Justin Bieber has plenty of Swag, but I sure hope he’s also been saving some cash. According to a new report—that just happened to drop at the same time as his first album in four years—Justin Bieber and Scooter Braun have reached a $31.5 million settlement after years of financial disputes.
The singer and his former manager have been locked in a financial battle since 2023, after Scooter and his company HYBE covered the cost of Justin's canceled 2022 Justice World Tour. At the time, Justin reportedly agreed to pay HYBE back in installments, but according to People, he only made one payment and still owed $26 million as of last week.
Oh, and there’s more. In addition to the $26 million debt, Justin also reportedly owed Scooter $11 million in unpaid commissions from when they worked together—and per TMZ, that’s on top of a $8.6 million in unpaid commissions that Scooter agreed to forfeit.
On July 10, TMZ reported that Justin and Scooter had reached a financial settlement in which Justin agreed to pay Scooter $26 million to repay the advance he got for his ill-fated Justice World Tour, as well as $5.5 million for unpaid commissions, totaling $31.5 million. Neither Justin nor Scooter have publicly confirmed the settlement.
News of the settlement comes after The Hollywood Reporter published a story in April, claiming that Justin was $20 million in debt after canceling his Justice World Tour in 2022 and a series of bad financial decisions.
At the time, representatives for Justin denied the claims, telling The Hollywood Reporter, “Any source that is trying to sell you a story about alleged financial distress...either doesn’t understand the entertainment industry or, more likely, is trying to paint an unflattering portrait of Justin, which bears no resemblance to reality.”
In a separate statement, representatives told Us Weekly that the article was nothing more than “clickbait stupidity.”
Whatever happened in the past, it’s nice to see that Scooter and Justin have, at the very least, settled their financial differences. Now we can focus on what really matters, figuring out which songs on Swag are about Hailey Bieber.
