There has been a lot of discussion recently about Justin Bieber being “broke.” The tabloids, both in print and online, are filled with stories claiming that Justin sold his music catalog for $200 million due to being in deep debt. There are also rumors that he owes his ex-manager, Scooter Braun, millions after canceling his concert tour.
However, none of that is particularly relevant now. On Friday, it was announced that Bieber’s wife, Hailey Baldwin—daughter of actor Stephen Baldwin and niece of Alec Baldwin—hit the jackpot by selling her emerging cosmetics company, Rhode, to Elf Cosmetics for a total of nearly a billion dollars. She and her partner, Michael Ratner, will receive $800 million upfront, with the potential to earn an additional $200 million if the company performs well.
Not only that. Hailey retains the title of CEO and continues to create products and be the face of the brand.
In a strange plot twist, Hailey has bailed out Justin. He never has to work again. He can just keep posting weird photos on Instagram.
Justin Bieber is 31 years old, but his behavior often resembles that of a small child. He struggles with mental health issues and tends to dress like a 13-year-old skateboarder in public. He frequently goes shirtless to display his numerous tattoos, and his pants are extremely baggy, almost clown-sized. At times, he adjusts his pants by grabbing his crotch to prevent them from falling down completely.
In contrast, Mrs. Bieber carries herself with confidence and poise, always appearing perfectly styled in photos. Sometimes, it seems as though she is patiently tolerating her husband while she contemplates how to move on without him.
Hailey is now the most successful of all the Baldwins, which was also not expected. Uncle Alec made a lot of money in movies and TV, but he gave a lot away at one point to charitable causes. He’s still worth a lot, but nowhere near as much as Hailey will receive once she and Ratner get to the cash window.
Regarding Justin, it’s surprising how little emotional and intellectual growth he has shown after 15 years in the entertainment industry. He frequently shares pictures of himself enjoying time with friends, smoking marijuana, and flaunting his tattoos.
According to Luminate, Bieber’s year-to-date sales are only 500,000 units, primarily from streaming. He hasn’t released a new album in four years, and it’s crucial for him to do so now to remain relevant in the industry. It would be a smart move for him to record a catchy pop song for the Rhode commercials, allowing the couple to effectively market their skills together. In the meantime, he is still able to live life as he pleases, thanks to his wife.
