Justin Bieber Set to Sue Business Managers for Mishandling $300 Million, Sources Claim

Pop Singer, Justin Bieber is reportedly considering taking legal action against his former business managers for mismanaging his money. The singer has been angry for several years because he believes he has lost a lot of money due to decisions made by his managers, according to a TMZ report on Wednesday, October 23.

“It’s unclear just how much Justin thinks has been squandered — other than it’s a huge amount — but our sources say he’s discussing the possibility of filing a lawsuit against the alleged offenders. We’re told his current team is split — some members want him to sue, but others don’t.

We’re told the argument against suing is that Justin went through a period where he was spending wildly. Translation — he caused his own problem.“

Justin is not struggling financially … he sold his music catalog in January, 2023 for $200 million, and before the sale, our sources say his net worth was around $100 million.“

In other related news, Justin Bieber is reportedly “disgusted” by the allegations against his former mentor, Sean “Diddy” Combs. The 30-year-old new father is struggling with the serious federal allegations against the 54-year-old mogul, according to multiple insiders who spoke to Us Weekly. Bieber is said to be “completely disgusted” by the situation and has been advised to “stay as far away as possible from anything and everything related to Diddy,” one source revealed.

The allegations against Diddy have reportedly been hard for Bieber to process, given their history. Another insider shared that Bieber “is in a hard place mentally right now” because of the allegations against Diddy.

Bieber “wants nothing to do with this entire situation,” a third source confirmed, explaining that the singer sees his connection to Diddy as part of his past and wants to leave it there. The Us Weekly report comes amid rumors of a sex tape featuring Diddy and a younger male A-lister, which is reportedly up for auction. While the other celebrity’s identity has not been confirmed, speculation has suggested it could be either Bieber or Usher, another former mentee of Diddy’s.

Clips of Diddy and a teenage Bieber have resurfaced recently, one from 2009 showing the producer talking about a “full crazy” two days he and the then-15-year-old Bieber were about to spend together. Diddy said, “Where we hanging out and what we’re doing we can’t really disclose,” adding that Bieber would be with him for 48 hours and they would “go full, buck full crazy.”

The resurfacing of these clips has intensified the focus on the allegations against Diddy. He is currently facing numerous sex trafficking and racketeering charges, with over 120 victims reportedly coming forward in the ongoing investigation into these allegations.