Justin Bieber Owes Shocking Amount Of Back Taxes Amid Money Problems
Justin Bieber owes a shocking amount of back taxes. He is currently struggling financially, and it may not even be his fault. There is a lot that goes into the finances of a celebrity. However, it seems Justin could have trusted the wrong people with his finances. Keep reading to find out more about this.
Justin Bieber Is Officially A Father
Justin Bieber is officially a father. He and his wife, Hailey Bieber, recently welcomed their son, Jack, into the world. This is something fans loved seeing. Justin has been a popular celebrity since the mid-2000s. He has had a wide following and a bunch of teenage girls who are obsessed with him. Justin was supposed to go on tour in 2020. However, it got canceled due to COVID-19 and his health issues. Since then, he has not been working much. Which could also lead to some financial troubles in his life. It seems that now he is struggling more than ever.
He Owes A Shocking Amount Of Back Taxes
Justin Bieber currently owes a shocking amount of back taxes on his property. He owns a $16.6 million home. However, he took out a $5 million line of credit for the property. Now, he owes $380,349 in property taxes. Half of the money was due October 12. The rest of it is due in April 2025. However, this may not be Justin’s fault.
“Pop stars all have business managers, Justin Bieber hasn’t likely paid a mortgage bill, let alone likely ever his cell phone bill. That’s all delegated and assigned to a business management firm that handles his day-to-day finances, book-keeping and collaborating with CPAs [music industry accountants] to prepare his yearly taxes and most financial decisions, investments, etcetera. So, if Bieber is behind on loan payments, there is someone behind the scenes dropping the ball and not guiding his finances properly. Unfortunately, there are a lot of yes people in entertainment, and, if Bieber is indeed in financial trouble, maybe his business manager shouldn’t have greenlit all his big expenses.”
Unfortunately, this is something Justin is going to have to figure out.
It seems that Justin could have had a financial manager who did not do his finances properly. A lot of celebrities have managers who handle everything from cellphone bills to mortgages. Justin did have a “wild” spending spree. However, his manager made it seem like it was fine. As of right now, Justin is not taking any legal action in the matter. What do you think about this situation? Do you think it is his fault or the financial manager? Sound off in the comments below.
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He’s #8 on the world on Spotify without releasing any new music in almost 4 years and gets more YouTube daily streams than artists like Taylor Swift and the Weeknd who dropped new music this year. Justin is doing fine. If he needs money all he has to do is release new music. The fact he’s not releasing anything new for years means he has a whole lot more money than anyone realizes