Justin Bieber has been hit with an overdue $380,000 tax bill amid rumors he’s considering taking legal action against his former money managers, The U.S. Sun can exclusively reveal.
TMZ alleged this week that Bieber is “upset” and feels his old financial team mismanaged his reported $300 million fortune.
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Justin Bieber bought a property for $16.6 million which overlooks the Madison ClubCredit: Madison Club
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Justin Bieber reportedly cut ties with his financial team in May and is considering taking legal actionCredit: Getty
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Justin Bieber and his wife Hailey Bieber recently welcomed their first child, a son named JackCredit: Getty
New dad Bieber, 30, cut ties with his business manager Lou Taylor earlier this year, according to PEOPLE, having worked with her company, Tri Star Sports And Entertainment Group, since 2022.
“They parted ways a few weeks ago in May,” a source told the outlet at the time.
“It was a mutual and seamless transition. It wasn’t a fit anymore.”
The U.S. Sun can confirm no suit has been filed at this time, and TMZ claimed some of his team want him to sue, while others don’t.
They reported, “We’re told the argument against suing is that Justin went through a period where he was spending wildly.”
John Hueston, who is representing Tri Star, said in a statement, “Justin Bieber is not considering legal action against Tri Star.
“We did nothing wrong in our brief 18 months of representing him, and he is aware of this.”
He added, “We were not involved in any alleged unpaid property bills.”
LINE OF CREDIT
But he has been dealt another blow, after previously taking out a $5 million line of credit on one of his luxury homes.
In January 2023, he purchased a $16.6 million desert property near the exclusive Madison Club in Coachella Valley, which is also home to the Kardashians, Adele, and his former manager, Scooter Braun.
See aerial photos of Justin and Hailey Bieber’s $25m Beverly Hills mansion where pair will raise baby son Jack
But the taxes on the property are now overdue, according to official records seen by The U.S. Sun.
In total, he owes $380,349 – half of which was due by 12 October and the other half by April 10 next year.
The taxes for 2022 and 2023 are supplemental.
He also has a stunning eight-bed, 11-bath estate in Beverly Hills, which he bought for $25.8 million in August 2020.
But 13 months later, asked Comerica Bank for a line of credit worth $5 million for the home.
He’s been working less in recent years and became a first-time father to son Jack with his wife Hailey in August this year.
However, he did make a lot of money when he sold the rights to his back catalog to Hipgnosis Songs Capital for $200 million.
Taylor and her firm Tri Star have often made headlines, as they also looked after Sean ‘Diddy’ Combs.
Combs’ arrest for sex trafficking has reportedly plagued Justin, who considered him a mentor as a teenager, with sources saying he “wasn’t protected” enough.
He is yet to speak out about the star’s arrest.
Taylor’s firm was recently mentioned in a lawsuit filed by music producer Rodney ‘Lil Rod’ Jones, who is suing Diddy for allegedly sexually assaulting him and forcing him to perform sex acts on prostitutes.
In the complaint, he alleged a Tri Star employee paid a monthly fee to Diddy’s alleged sex workers who received the money via wire transfer.
Diddy’s downfall
By The U.S. Sun’s Senior Reporter Forrest McFarland, who has been reporting on Diddy’s legal battles for years
BEFORE Sean “Diddy” Combs’ arrest in September, it was highly speculated that the rap star would find himself in custody after he was repeatedly hit with disturbing accusations – and had two of his mansions raided by the feds.
His mounting legal troubles finally came to a head on September 17, when he was charged with three federal counts, including sex trafficking, for allegedly forcing victims to take part in drug-fueled sex parties he called “Freak Offs.”
Hours before his arrest, The U.S. Sun exclusively revealed the feds investigating Combs were secretly liaising with Tupac Shakur murder prosecutors on gangland activities.
The development also came after Combs was named 77 times in documents submitted by prosecutors in the Tupac murder case.
Aside from the Tupac probe, Combs was already facing a slew of lawsuits, including one he settled with his ex, Cassie Ventura, after she accused him of rape and abuse.
Disturbing hotel surveillance video from 2016 showed Combs chasing Cassie down and then punching, kicking, and beating her in a hallway.
Two months earlier, in March 2024, two of Combs’ mansions were raided by federal investigators, who seized three AR-15s, drugs, and 1,000 bottles of lube which were part of his “Freak Off” supplies.
In addition to his federal criminal charges, Combs also faces a handful of lawsuits with allegations of sexual assault, harassment, and sex trafficking dating back to the early 1990s.
Music producer Rodney “Lil Rod” Jones filed one suit in February 2024, claiming Combs forced him to hire sex workers and participate in sex acts while he worked on his latest album.
Combs has denied any wrongdoing and pleaded not guilty to the federal sex trafficking charges against him, but his battle is far from over.
He faces life in prison if he’s convicted on all counts.
The firm, nor Taylor, is not listed as a defendant in the suit.
Houston, representing Tri Star, told The U.S. Sun, “Tri Star was not involved in the payment of any alleged sex workers,” adding that the company is not only still operating but “thriving”.
Combs’ legal team has asked the court to dismiss the suit, which was filed in the Southern District of New York, claiming it is full of “blatant falsehoods” to “generate media hype” and “extract a settlement.”
Meanwhile, Taylor has also previously been accused of allegedly profiting from as much as $18 million after mismanaging Britney Spears’ conservatorship, a claim she denies.
Despite splitting with Taylor six months ago, Justin still has close ties with the team.
Two of his firms – Bieber Time Touring LLC and Bieber Film Inc – have now been suspended by the State of California and aren’t in good standing, according to records.
They also have their principal address as Tri Star’s offices on Sunset Boulevard in West Hollywood.
Bieber has now entrusted Edward White – Johnny Depp’s financial advisor – to reverse his fortunes, who founded Edward White & Co., in 1976 and also counts Jack Nicholson as a client.
Music veteran Bob Bradley, who runs Bradley Public Relations and Marketing, believes Justin will need a high level of expertise to sort out his finances.
“Pop stars all have business managers, Justin Bieber hasn’t likely paid a mortgage bill, let alone likely ever his cell phone bill,” he told The U.S. Sun.
“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.”
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Justin Bieber has barely toured in recent years due to COVID and health issuesCredit: Getty
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Sean ‘Diddy’ Combs and Justin Bieber perform at the BET-SOS Saving Ourselves Help for Haiti Benefit Concert in 2010 in Miami, Florida.Credit: Getty
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Lou Taylor attends the 2019 Billboard Women In Music at Hollywood Palladium in 2019 in Los AngelesCredit: Getty
