After more than a decade of partnerships, Justin Bieber and the Brui businessman’s scooter have definitively concluded the professional relationship started in the singer’s adolescence. The pause, which had been discreetly communicated in 2023, had a significant financial agreement, which provided for values greater than $ 30 million.
Bieber’s debt came after the “Justice” tour in 2022, when Hybe, then led by Braun, shook the contractual commitments with the manufacturer AEG, for a value of $ 26 million. In addition to this amount, Bieber has accumulated $ 11 million in unpaid commissions to the entrepreneur. Subsequently, an episode of $ 8 million was forgiven by Braun, reducing the total to be paid to around $ 31.5 million.
However, although he received about $ 200 million for the sale of his musical catalog in 2023, the liquid earnings were significantly reduced after discounts with taxes and commissions. For this reason, the Canadian singer has chosen to wait for the sale of the Rhode, a cosmetic brand founded by Hailey Bieber, his wife, to pay the debt with Hybe.
According to the TMZ portal, the Rhode is evaluated at around $ 1 billion and has several investors. Hailey should receive a considerable part of the amount and Justin, who is also an investor of the brand, will be entitled to around $ 50 million. This value, according to sources connected to the couple, will be enough to cover the commitments with the old Braun company.
According to the agreement between the parties, the payment will be made only after the transfer of the Rhode to the investors’ negotiation values. Therefore, the expectation is that the exhaust will take place in the coming months. In a note sent to TMZ, Hailey’s team stressed that “the sale of the Rhode is a personal result of the business woman and completely independent of husband and business”.
Despite the professional break, Bieber and Braun have avoided the public statements of conflicts. In a recent podcast, Braun recognized the importance of the partnership: “We worked together for so long and we had an extreme success. I think he is following his way at this moment. We are cheering for him”.
In fact, the relationship between them had moments of loyalty, as in 2019, when Justin left Braun’s defense during the controversy with Taylor Swift, involving the artist’s copyright. At the time, the singer said Scooter has always supported him since the beginning of his career.
Currently, Justin Bieber prepares the release of the album “Swag”, his first musical work since 2021, which marks a new artistic stage, now without the presence of the old mentor.
Source: Terra
I am Amanda Gans, a motivated and ambitious professional in the news writing industry. With over five years of experience in this field, I have developed an eye for detail and an ability to craft stories that captivate readers. I currently write for Gossipify, where I specialize in beauty & celebrities news. My passion lies with exploring the world of beauty through writing, interviewing experts and developing articles that are both informative and entertaining.
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