Justin Bieber doesn’t play about his coins.
via: Daily Mail
Sources told TMZ that Justin had 'been very upset for several years' with how his fortune had been squandered.
He reportedly believed he had 'lost a ton of money as a result of terrible decisions by business managers'.
TMZ did not name the business managers, nor specify how many were alleged to be in the sights of Bieber's potential lawsuit.
The 'Baby' singer sold his catalog of songs released before 2022 for a reported $200million in January 2023 in one of the 'biggest deals ever' made for an artist under 70, according to the buyer.
It was unclear how much the singer believes his managers may have wasted per the report.
Bieber's team announced he was no longer working with long-time manager Scooter Braun in June, a day before Braun broke news of his retirement.
'Scooter Braun and SB Projects are not involved in Justin's current business or management and will not be involved moving forward.
'Justin is excited about the projects he is currently working on and is focused on what's in front of him,' a statement at the time read.
It was not clear whether Braun is among the former managers Bieber is said to be considering legal action against.
Braun is a talent manager and never acted as Bieber's business manager.
TMZ understands his team is divided on the issue, with some blaming Bieber for spending wildly himself.
Discussions are said to be ongoing.
Earlier this year sources close to the singer told DailyMail.com that he was concerned about his wife Hailey Bieber's spending.
'Hailey is a seriously high spender,' one source alleged.
'She has spent tens of millions on private jets to fly around the world, including once taking a plane just to get her nails done at a particular manicurist.'
'He's isolated from his friends and family. He's miserable right now as Hailey has taken complete control over him,' an insider said.
'He has lost his identity, creative drive and he is uninspired.'
Bieber has not released an album since 2021 and cancelled his world tour in 2022, saying he was making 'health a priority'.
Bieber suffered a terrifying bout of facial paralysis caused by Ramsay Hunt syndrome – a rare neurological disorder.
Soon after, he announced the sale of his back catalog.
Music investment company 'Hipgnosis Songs Capital' bought Bieber's lifework for $200 million.
'This acquisition ranks among the biggest deals ever made for an artist under the age of 70,' CEO
In exchange, he no longer receives royalties on any of the tracks he's released or had an interest in before December 31, 2021.
'Justin was advised against selling. Hailey played a part in convincing him to do it,' a source told DailyMail.com.
In May, the couple renewed their wedding vows in Hawaii, with Hailey revealing her pregnancy and a new 18-carat oval-cut diamond engagement ring estimated to cost $1.5 million alongside her original $600,000 ring.
'Justin was initially against [buying the new ring] and some people told him that it was awful of her to even ask for it,' an insider alleged.
They added that Hailey 'told Justin that she had to have it to renew their vows. In the end she got what she wanted.'
The singer's track 'Lonely' recently saw a 1,400 per cent sales increase with news of Sean 'Diddy' Combs' sex trafficking arrest.
Bieber is reportedly 'deeply disturbed' by the allegations against his former mentor.
The song detailing the dark side of his childhood stardom was released in 2021.
Days after Diddy, 54, was arrested in New York amid a sex trafficking probe, fans began questioning the troubled rapper's relationship with Justin, when he was a minor, branding resurfaced footage of them together as 'creepy.'
'No one protected him. Not even his family. I absolutely adore this song,' one fan wrote, 'but the words have always stood out to me. I hope he can heal with time.'
In the resurfaced clip, Diddy stands next to teen Justin and tells the camera: 'He's having 48 hours with Diddy, where we hanging out and what we're doing we can't really disclose.'
Diddy continued: 'But it's definitely a 15-year-old's dream. I have been given custody of him. He's signed to Usher and I had legal guardianship of him [Bieber] but for the next 48 hours he's with me and we're gonna go full crazy.'
In the clip, Justin can be seen smiling and looking up at Diddy as he spoke, adding comments like 'yeah' and 'full crazy.'
Bieber has not made any allegations against Diddy.
Diddy is currently in jail awaiting trial on unrelated sex trafficking charges. He denies all allegations.
DailyMail.com approached Justin Bieber for comment.
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