Justin Bieber has reportedly sold off his biggest hits in a desperate move to stay afloat as insiders claimed the pop star’s spending was spinning wildly out of control.
According to Radar Online, the 31-year-old Canadian singer-songwriter sold 300 of his songs to Hipgnosis Songs Capital in 2022 for about $200 million.
During that time, rumours arose that Bieber was having “financial issues” and he sold his music to “save his life,” as he might have faced a “financial collapse.”
The insiders claimed, “Selling this catalog was like selling a part of himself. But given the choices he’s made, he had no options.”
For the unversed, Bieber started his music career when he was a teenager and released several albums. He also went on many tours and made a significant amount of money.
Notably, in the Hulu documentary TMZ Investigates: What Happened to Justin Bieber?, producer Harvey Levin stated Bieber made between $500 million and $1 billion in his career. However, he “had to sell his music catalog because he was broke.”
“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,” Levin shared.
