Justin Bieber's recent documentary reveals that he sold his music catalog for $200 million in December 2022, largely due to significant financial problems. He faced debt after canceling his "Justice" World Tour, which could have earned him $90 million. Despite a career income between $500 million and $1 billion, Bieber was reportedly on the verge of financial collapse, prompting his decision to sell. Industry insiders noted he acted quickly, indicating urgency in resolving his financial troubles, contrary to management advice to wait for tax benefits.
"I was on a call with multiple people - Justin's side acknowledges that in 2022, he was on the verge of ... the words were 'financial collapse.' And that's why he had to sell his catalog."
"Justin said, 'I gotta sell it now.' And he sold it in December. That's how broke he was."
"With the money up front, you're free to plan in a way where you don't have to be beholden to anyone else."
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