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Wednesday July 24, 2024

Justin Bieber’s spending habits land him in financial troubles

Justin Bieber has to ‘cut back’ on expenses as he is on verge of ‘going broke’

By Web Desk
June 20, 2024
Justin Bieber’s spending habits land him in financial troubles

Justin Bieber appears to be cutting back on his expenses as the dad-to-be finds himself going low in cash.

The musician, 30, who sold the rights to his music catalogue for more than $200 million in 2023, is “already running out of cash,” per a source cited by InTouch Magazine.

The insider noted that Justin and his wife Hailey were forced to take a commercial flight in May as their financial means wouldn’t allow for their usual private flight.

“While they always fly private, Justin simply couldn’t afford it this time,” the source told the outlet. “He spends more money than he’s got coming in, and is now having to cut back on certain luxuries.”

Justin Bieber’s spending habits land him in financial troubles

The insider also added that Justin’s lack of new income is causing friction with his wealth management team.

“They recently advised him against buying Hailey a $700K diamond ring, so he applied for a loan. But the loan was denied and he purchased it anyway,” the source revealed. “If Justin doesn’t make some changes soon, he could lose everything. He is going to go broke.”

The news of Justin’s financial woes comes at the heels of news that he is expecting his first child with wife Hailey. They pair announced the new via their Instagram in early May, sharing a series of video and photos.