• Justin Bieber sold his $200 million music catalog to avoid financial collapse in 2022. The decision raised questions about why Bieber made such a drastic move.
• Canceling his Justice Tour caused massive losses and increased his debts.
• His costly lifestyle and mental health struggles worsened his financial and personal problems.

Justin Bieber sold his $200 million music catalog in 2022 because he was close to financial collapse. A new documentary reveals that the sale was not a choice but a necessity. TMZ’s executive producer, Harvey Levin, said Bieber’s team admitted he faced a severe money crisis. Bieber himself reportedly said, “I gotta sell it now,” and sold the catalog by December of that year. Despite having an estimated net worth of $300 million, he found himself broke. The documentary explains that his financial trouble grew after he canceled his 2022 Justice Tour, which cost him dearly and contributed to why Bieber sold assets to recover.

How Cancelling the Justice Tour Led to Massive Financial Losses

Bieber spent huge sums during the Justice Tour, which never finished. TMZ sources say he used eight buses and spent $2 million renovating them. His lifestyle costs added up fast, too. He flew on private jets and bought several large mansions. All these expenses drained his money quickly. TMZ executive producer Don Nash said Bieber would have made $90 million if he had finished the tour. Instead, canceling it pushed him into debt and forced him to sell valuable assets to stay afloat. These issues are central to understanding why Justin Bieber sold his music catalog.

The Growing Debt and Money Owed to Former Manager Scooter Braun

Rumors about Bieber’s financial problems surfaced earlier. Reports showed he owes millions to his former manager, Scooter Braun. They parted ways nearly two years ago, but Bieber still owes Braun over $8.8 million. The debt comes from a loan Braun gave Bieber to help after the canceled tour left him $20 million in the red. This loan added to Bieber’s financial burden and raised questions about his money management and spending habits. Why Bieber sold his catalog can be tied to such debts.

Bieber’s Expensive Lifestyle and Spending Habits That Raised Concern

Insiders describe Bieber’s spending as out of control. One source said Bieber spent massive amounts monthly and once struggled to get a credit card. They also said Bieber surrounds himself with people who don’t have his best interests in mind. Friends worry about his reckless spending. Reports reveal he flew friends on private jets for his birthday and posted about it on Instagram. He reportedly spent $300,000 at Nobu during Coachella. Despite these high expenses, Bieber hasn’t worked much lately, deepening concerns about his financial health and why Justin Bieber chose to sell assets like his music catalog.

Mental Health Struggles Add to the Challenges Bieber Faces

Along with money troubles, Bieber faces mental health struggles. People close to him fear he is falling apart. Reports mention he uses recreational drugs and behaves erratically. Insiders told the Hollywood Reporter that Bieber seems lost and disconnected from his purpose. A former colleague said no one around Bieber sets limits or says “no” to him. This lack of support makes his problems worse and leaves him vulnerable to poor decisions, influencing the reasons why Justin Bieber sold his music catalog.