Justin Bieber is considering legal action against his former business managers who allegedly mismanaged the pop star’s money.
The “Love Yourself” singer, 30, says those former managers are responsible for losing significant amounts of his already massive net worth, but he’s still on the fence about actually filing a lawsuit against them, insiders with direct knowledge told TMZ.
While he believes more than two former managers are responsible, it’s unclear just how many might be involved or how much money they’re believed to have lost the Grammy winner.
Bieber’s current team isn’t entirely sold on taking action against the ex-managers, either. Those who are wary of him filing suit are taking into account the times when Bieber’s own spending was out of control, which they believe could actually explain those missing funds.
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Insiders say Bieber’s net worth was an estimated $100 million prior to selling his music catalog early last year for a whopping $200 million.
Earlier this month, multiple sources told Us Weekly that Bieber “is in a hard place mentally” following the arrest of his former mentor, Sean “Diddy” Combs.
The Harlem-born mogul, 54, was arrested last month on federal sex trafficking and racketeering charges and has since had a new sexual assault lawsuit brought against him on an almost daily basis.
A “completely disgusted” Bieber “has been advised to stay as far away as possible from anything and everything related to Diddy,” according to one of the sources.