Justin Bieber should be having the best year of his life. The 30-year-old singer welcomed his first child, son Jack Blues Bieber, with his wife Hailey Bieber earlier this year. However, it seems that other than the baby’s arrival, the former child star is dealing with some big issues. As rumors of his health concerns and the speculation that he’s connected to the Diddy scandal heat up, Justin is also said to be in a major cash crunch.
According to the November 25 edition of The National Enquirer, Justin Bieber’s fortune is quickly deteriorating. Sources tell the outlet that although the singer knows that his cash flow is seriously hurting, he continues to spend money without a care in the world. Bieber hasn’t worked much in recent years. His most recent album was released in 2021. He was later forced to cancel many of his tour dates after being diagnosed with Ramsay Hunt Syndrome. Now, a new tour may be the only way for him to get his finances back in order.
Sources reveal that a tour likely isn’t ideal for Bieber. Because of his health diagnosis, something as strenuous as going out on the road could cause symptoms such as loss of voice, dizziness, hearing loss, ringing in the ears, and even facial paralysis.
Justin Bieber Headed For Financial Ruin?
“Justin has always been irresponsible with money and spends freely without looking at prices or his bank balance,” an insider dished. “No wonder the money is dwindling! The quickest way to make some cash would be to tour, but Justin probably wouldn’t be able to withstand the rigors of the road. Things are not looking good for Justin,” spills the insider. “Without any cash flow, he’s not going to be able to sustain his extravagant lifestyle much longer!”
Unfortunately, things seem to be getting worse for Justin. He was recently hit with a large $380,000 property tax bill for his multi-million dollar mansion in Coachella Valley, California.
Bieber has already sold his music catalog, earning several million dollars for his songs. However, it was previously reported that much of his $300 million net worth may have been mishandled by his business managers. The singer is now allegedly considering suing over the mishandling of his finances.
Over the summer, In Touch Weekly claimed that Justin and Hailey were headed for trouble when they flew commercial instead of taking a private jet. An insider claimed the couple were attempting to cut back on expensive luxuries. However, it seems that may not have worked for them.
To make Justin Bieber’s situation worse, his name has been in the headlines in correlation to the Sean “Diddy” Combs scandal. Many fans believe that the singer may have been subjected to Diddy’s alleged sexual misconduct from an early age. However, Justin has yet to speak out on any of the rumors.
It seems that Justin Bieber may need to revive his career in order to get things back on track. However, he hasn’t shown much interest in performing as of late. Only time will tell if he’ll be able to figure out a way out of his reported money rut.
