Justin Bieber drowning in debt as audit exposes nearly $9M Scooter Braun loan

New audit reveals millions of dollars of debt Justin Bieber owes to his former manager Scooter Braun

Justin Bieber drowning in debt as audit exposes nearly $9M Scooter Braun loan
Justin Bieber drowning in debt as audit exposes nearly $9M Scooter Braun loan

Justin Bieber has been hit with major financial setback!

In a shocking new update, TMZ on Wednesday, May 14, reported that the 31-year-old Canadian singer owes a major debt to his former manager, Scooter Braun, despite parting his ways with the music mogul nearly two years ago.

As per the outlet, PricewaterhouseCoopers (PWC), which is a leading accounting firm, conducted an in-depth audit over a period of six months, in which they exposed that the Peaches crooner owes more than $8,806,000 to the 43-year-old American businessman and investor.

The Sorry singer’s world tour, Justice, which was originally planned for 2020 but got delayed due to COVID-19 pandemic, was rescheduled for 2022, but had to end early because of Justin’s heath issues. As a result, he ran into a financial trouble which forced him to borrow a large amount of money from Scooter’s company, Hybe.

After Hybe agreed to settle the singer’s debt, Justin committed to repay the loan over a period of ten years. However, after making just one payment, the Never Say Never singer stopped paying.

According to Justin Bieber’s finance manager, Lou Taylor, the singer had overpaid Scooter Braun by $26 million.

As a result, Scooter’s Hype conducted its own internal audit and revealed that the music mogul was actually underpaid and the singer owed him $1 million.

However, as per the Yummy singer’s team, Hybe’s audit was biased.

To settle the matter, Hybe hired an independent auditor, PWC, to conduct the audit, which now shows that Justin owes nearly $9 million to Scooter.

Justin Bieber to sue his business managers:

Last year, it was reported that Justin Bieber has been considering suing his former business managers on accounts of mismanaging his substantial fortune.

However, there has been no visible progress on the matter as of now.

Cillian Murphy confirmed to rejoin ‘28 Days Later’ franchise but with big twist
Cillian Murphy confirmed to rejoin ‘28 Days Later’ franchise but with big twist
The '28 Years Later' is set to hit theaters on June 20 while its second part is scheduled to release in 2026
Tom Felton to reprise Draco Malfoy after 14 years for Broadway’s ‘Cursed Child’
Tom Felton to reprise Draco Malfoy after 14 years for Broadway’s ‘Cursed Child’
Tom Felton played Draco Malfoy in all eight installments of the 'Harry Potter' film series
Rihanna seeks support for ‘high-energy’ sons during baby no. 3 arrival
Rihanna seeks support for ‘high-energy’ sons during baby no. 3 arrival
Rihanna, who is pregnant with her third child, shares two sons, RZA and Riot with partner A$AP Rocky
JoJo Siwa, Chris Hughes take big step in their romance with heartfelt move
JoJo Siwa, Chris Hughes take big step in their romance with heartfelt move
The ‘Karma’ singer went public with her romantic relationship with Chris Hughes on June 2, 2025
Miley Cyrus promises ‘unique visual experience’ to fans in exciting new post
Miley Cyrus promises ‘unique visual experience’ to fans in exciting new post
The ‘More to Lose’ hitmaker drops spectacular highlight from her upcoming musical film, ‘Something Beautiful: The Visual Album’
Justin Bieber celebrates dad Jeremy’s 50th birthday with sweet wish
Justin Bieber celebrates dad Jeremy’s 50th birthday with sweet wish
Justin Bieber was born on March 1, to parents, Jeremy Bieber and Pattie Mallette
Sydney Sweeney stuns in five Bold Looks in one day to promote ‘Echo Valley’
Sydney Sweeney stuns in five Bold Looks in one day to promote ‘Echo Valley’
The 'Euphoria' star stepped out in an array of eye-catching looks on Wednesday to promote film 'Echo Valley'
‘Wicked: For Good’ trailer: Ariana Grande, Cynthia Erivo team up again
‘Wicked: For Good’ trailer: Ariana Grande, Cynthia Erivo team up again
'Wicked: For Good' set to release on November 21, 2025
Justin Bieber, Hailey stand by on decision of shedding old friendships
Justin Bieber, Hailey stand by on decision of shedding old friendships
'Peaches' crooner and the Rhode founder have totally revamped their social circle in recent months
Tom Cruise causes stir as he promotes girlfriend Ana de Armas’ ‘Ballerina’
Tom Cruise causes stir as he promotes girlfriend Ana de Armas’ ‘Ballerina’
The ‘Mission: Impossible 8’ star sparks a frenzy among fans by supporting Ana de Armas’s new film, ‘Ballerina’
Keanu Reeves welcomes Ana de Armas to ‘John Wick’ world with high praise
Keanu Reeves welcomes Ana de Armas to ‘John Wick’ world with high praise
Ana de Armas also shared her experience while working in ‘John Wick’ instalment
Jennifer Lopez finds solace in friend’s support after Ben Affleck split
Jennifer Lopez finds solace in friend’s support after Ben Affleck split
Jennifer Lopez leans on close pal after painful Ben Affleck divorce