Justin Bieber Feels Business Managers Squandered a Fortune, Considering Legal Action | TMZ Live - video Dailymotion

TMZ

Justin Bieber thinks it's way too late to say "Sorry" when it comes to some of his former business managers -- he thinks they grossly mismanaged his money, and it could be time to take legal action.

Transcript

00:00Dude, where's my money?

00:02Maybe it's the title of the next Justin Bieber album if he actually puts one out

00:06Actually, it might be the title of a lawsuit that he is filing against ex-business managers. Mayfile. Mayfile.

00:14Yeah, as I said might be the title that

00:17but this is something Justin is considering because

00:21We are told by people in his world that there's money that has gone

00:27He's not sure where and he's pointing a finger at former business managers

00:31So he has been privately complaining about this for years now

00:36that he

00:38Has lost a lot of money by the result of financial mismanagement by more than one business manager all of whom are gone

00:45They're not working for him anymore

00:47and there is a team that he has and they're divided and some of them think he should sue and

00:53there are others who think it's probably not a good idea because

00:58One of the things that Justin did for a period of time was he would spend wildly

01:04So there are some people who think it's not in the business managers others who think it is

01:09And and I would imagine that the other part the people who say don't sue is because if you do

01:14Now that means you got to open up everything and now it's gonna and that's a public lawsuit that people will

01:20Now know what you were spending on that is what the crux of it all Charles

01:24I'm sure he feels wronged. It seems that he does we don't know what the facts are

01:27But if he goes out and files a lawsuit

01:29There's gonna be a lot of people coming back at him all the people that are named as defendants in the case

01:33saying the problem is really with you Justin Bieber and start laying out in detail all of his financial mismanagement and

01:40That's gonna be a battle that he probably doesn't want to get into a lot depends on how much money is at stake if it's

01:45Tens of millions of dollars, maybe Justin at some point says look it's worth it for me to pursue this lawsuit

01:51But at the same time Justin's a pretty private person now and this would be very he'd have to disclose a lot

01:57well, he is angry and

02:01We don't know but we should we should kind of explain the context up until a year and a half ago

02:07He was worth about a hundred million dollars

02:10We're told and in January of last year, he sold his music catalog for 200 million dollars

02:16So this I don't believe is any a case where Justin Bieber is broke, right?

02:20There's not him on the kids or anything, right?

02:22It's but it seems like it's more like just feeling like you an injustice, right?

02:27I mean, well not just an injustice but losing real money according to him, right?

02:31You know, I mean, this is like when your friend borrows, you know, 20 bucks from you

02:36And then you see them out two weeks later

02:39Doing something fabulous and you're like wait, I didn't get my money back drives me. I know where's my money, right?

02:45This is my money that that I wives

02:49You guys are reducing easy. You guys are reducing. Well, I know it's not the 20 million dollars lost

02:54I know putting $20. We're trying to

02:58Have you ever a turn you ever?

03:00Money and they don't pay you back and then you find out they went to Hawaii

03:05I mean, have you heard? I wasn't talking about that kind. Oh, yeah, I'm serious. It's like

03:12Yeah

03:14No, Harvey, I've never loaned anybody 20 and then they went to Hawaii, but that would be frustrating

03:19I've loaded 20 and then I see them, you know at happy hour next week

03:25People in his office

03:28A

03:28Warning, no

03:30Warning corny corny. No, no lawsuit yet

03:32We don't know if it's gonna be filed, but it's being tossed around in his world

Justin Bieber Feels Business Managers Squandered a Fortune, Considering Legal Action | TMZ Live

Category

Transcript

Recommended