Overview

• Bieber and Hybe finalized a $31.5 million settlement on July 10 to cover a $26 million AEG advance and roughly $11 million in unpaid management commissions.
• The agreement defers Bieber’s repayment until he receives proceeds from his share of Hailey Bieber’s Rhode Beauty sale.
• Hailey Bieber has publicly denied that her company’s sale is tied to her husband’s settlement timeline.
• Rhode Beauty’s sale to e.l.f. Beauty, valued at about $1 billion, is expected to close in a month or two, delivering Bieber an estimated $50 million.
• Bieber’s debt stemmed from canceling his 2022 Justice World Tour due to Ramsay Hunt syndrome, which triggered AEG’s repayment demand and accrued Hybe commissions.