Justin Bieber has been hit with a hefty $380K property tax bill amid reports that he is financially struggling and threatening to file a potential lawsuit against his ex-financial managers.
Official records obtained by the US Sun state that the Baby hitmaker is facing a staggering $380,349 fine for unpaid property taxes on his $16.6 million mansion in Coachella Valley, California. The documents state that the father-of-one is required to pay half of the money on October 12 and the remaining by April 10 of next year.
This comes as TMZ has reported that the 30-year-old musician is reportedly in talks of suing his former financial managers after claims multiple people mismanaged his fortune. Justin’s team is allegedly torn over the issue as they claim Justin has been wildly irresponsible with his money and has reportedly dropped massive amounts of funds on private jets, houses and church donations.
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Last week, one insider told Page Six that the Grammy award-winning singer’s spending has been “out of control” lately. The source told the news outlet: “He spends eye-watering amounts per month. At one point, he couldnt even get a credit card,” and added: “Justin is surrounded by a lot of people that do not have his best interests at heart.”
People magazine previously reported that the Beauty and a Beat hitmaker cut ties with his former financial manger, Lou Taylor, back in May after working with her company Tri Star Sports And Entertainment Group for 18 months. In response to the recent news, Tri Star clarified to the US Sun that Justin is not filing a lawsuit against her company.
In a statement to the news outlet, Tri Star said: “We did nothing wrong in our brief 18 months of representing him, and he is aware of this. We were not involved in any alleged unpaid property bills.
Despite these alleged financial concerns, Justin still has a massive estimated net worth of $300 million, according to reports by Celebrity Net Worth. During his impressive career in the music industry, Justin has sold over 150 million records worldwide and is one of the highest-paid entertainers on the planet. Much of his grand fortune comes from a strategic deal the singer made back in December of 2022 Justin when he took home a whopping $200 million after selling his music catalogue rights.
The Mirror has reached out to Justin Bieber’s representatives for comment.
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