Justin Bieber believes it may be far too late to utter “Sorry” regarding some of his past business executives, suggesting they have egregiously mismanaged his finances. Legal action could be on the horizon.
Insiders inform TMZ that Justin has been quite distressed for several years, asserting that he has lost a substantial sum due to poor choices made by his business managers. The number of managers involved is uncertain, but it’s confirmed that it exceeds one.
It is not entirely clear how much Justin believes he has lost—only that it is a significant figure—but sources indicate he is contemplating the prospect of initiating a lawsuit against those he claims are at fault. Some members of his current team appear divided on the next steps; while some advocate for legal action, others advise against it.
It has been reported that the opposition to filing a lawsuit stems from the fact that Justin went through a phase of extravagant spending. In other words, he may have played a part in his own dilemma.
Financially, Justin is not in peril … he cashed in on his music catalog in January 2023 for a staggering $200 million, and prior to that transaction, sources estimate his wealth to be about $100 million.
As of now, no conclusion has been reached regarding whether Justin will pursue legal action … the conversation continues.