Justin Bieber is making waves with two major life changes: a significant financial management switch and exciting personal news. Let's dive into the notable updates from the singer's professional and personal fronts.
- Jun 16, 2024
A Professional Pivot: New Financial Adviser
In a professional move that has garnered buzz, Justin Bieber, 30, has ended his partnership with longtime business manager Lou Taylor. This split was described as "mutual and seamless" by sources. Taylor managed Bieber's companies - Bieber Time Touring LLC, Bieber Time Merchandise, and Justin Bieber Brands LLC - through her firm, Tri Star Sports And Entertainment Group, since 2022. Despite this change, Bieber's long-time manager, Scooter Braun, remains on board and continues managing Bieber's music career.
Replacing Taylor, Bieber has enlisted Edward White, the financial manager best known for his work with Johnny Depp. White, who founded Edward White & Co. in 1976, has an impressive clientele list, which includes Hollywood legends like Jack Nicholson and the estates of Lena Horne and Vin Scully. White has been notably active in the finance world, having testified in Johnny Depp's defamation lawsuit against Amber Heard and assisted Depp with his finances since 2016.
Shifting Financial Grounds: Music Catalog Sale
This financial shakeup follows a monumental decision by Bieber to sell his 291-song catalog to Hipgnosis Songs Capital in 2023, with Billboard pricing the deal at just over $200 million. This deal includes rights to all songs Bieber has released or had an interest in up until the end of 2021, spanning his six studio albums and other notable projects. Despite the sale, Universal Music Group retains the rights to Bieber's recorded masters indefinitely.
Personal Milestones: Expecting First Child
Adding to the excitement, Justin and Hailey Baldwin recently announced they are expecting their first child together. This joyous news has thrilled their fans and adds another layer of change to Bieber's life. The couple is already preparing for their new addition, having chosen a name for their baby and begun decorating the nursery. A source close to the couple mentioned that Bieber will be "super involved" in this new chapter, marking it as his next big project.
Hailey has been sharing updates about her pregnancy on social media, revealing experiences such as back pain, which she candidly shared with her followers.
