Justin Bieber may be going through a difficult time financially. The Boyfriend singer is said to be hemorrhaging money as he continues to spend his wealth frivolously and is giving out more than he’s bringing in. While financial issues would be a big problem on their own, this comes at the worst possible time for the former teen heartthrob. Currently, he and his wife, Hailey Bieber, are expecting their first child together. Sources claim that Justin’s finances are in bad shape right now, and that things could easily get much worse.
The signs that Justin Bieber and his wife are hurting for money have been playing out in public. In Touch Weekly reports that in May, he and Hailey Bieber were seen taking a commercial flight, which is not something that many celebrities of the singer’s caliber often do. The couple is said to be trying to cut back on major luxuries as they continue to spend their money on unnecessary things.
Hailey and Justin Bieber May Be in Serious Financial Trouble as They Await the Birth of Their First Child
“While they always fly private, Justin simply couldn’t afford it this time,” a source told the outlet. “He spends more money than he’s got coming in, and is now having to cut back on certain luxuries.”
Meanwhile, Justin went against the advice of his financial team and bought Hailey a stunning $700,000 diamond ring as they renewed their vows and announced their pregnancy to the world. He was told that the purchase was a bad idea. So, the singer allegedly tried to get a loan for the piece of jewelry. However, he was denied. So, he bought it with his own personal money.
Just last year, Justin Bieber sold his music catalog for a whopping $200 million. He was rumored to have done this due to his dwindling fortune, per Marca. However, because the singer hasn’t released an album or toured in years, he allegedly has no steady income.
“If Justin doesn’t make some changes soon, he could lose everything. He is going to go broke,” the source added.
It may be time for Justin Bieber and Hailey Bieber to think about cutting back on their lavish lifestyle. They’ll soon have a baby to raise, and the expenses will only be another drain on their bank accounts.
