Hailey Bieber clarifies that the sale of Rhode will not cover Justin Bieber’s .5 million debt.

Hailey Bieber has publicly addressed recent speculation surrounding her husband, Justin Bieber, and his financial obligations to Scooter Braun’s former company, Hybe. Reports emerged on Thursday that suggested Justin Bieber would delay a .5 million payment to Braun until proceeds from the sale of Hailey’s beauty brand, Rhode, were finalized.

According to a report by Media News Source, the situation has drawn significant attention due to the implications for both Justin Bieber’s financial responsibilities and Hailey Bieber’s successful business venture. The singer, known for his hit song “Peaches,” has been navigating a challenging financial landscape, particularly following an independent audit that revealed a substantial debt accumulation. Earlier this year, the audit indicated that Justin Bieber had incurred approximately million in debt resulting from his postponed and subsequent cancellation of the international Justice Tour in 2022. In addition, he owed a further million in commissions, necessitating the intervention of Braun’s entertainment company, which had initially agreed to assist him in managing these debts.

Under an agreement made with Hybe, Justin Bieber was required to repay the accumulated debts over a ten-year timeframe. However, reports suggest that after making a single payment, he ceased all further financial contributions. This led to the recent settlement outlining his responsibility to repay the entirety of the owed amount, including million of the initial debt and an estimated .5 million in commissions, culminating in the aforementioned .5 million settlement.

Hailey Bieber swiftly refuted claims linking her beauty brand’s financial outcomes to her husband’s indebtedness, stating that the sale of Rhode is entirely independent of Justin Bieber’s business dealings with Braun. Speculation persists regarding the timing of Rhode’s sale, which has been reported to be valued at nearly billion. As an investor in the beauty company, Justin Bieber stands to gain a significant payout, possibly around million, contingent upon the sale’s completion.

Sources reveal that the transaction for Rhode Beauty is anticipated to conclude within the next one to two months, potentially providing Justin Bieber with the necessary funds to meet his financial commitments. As developments unfold, the intertwined personal and financial lives of the high-profile couple continue to attract public interest.