Justin Bieber Net Worth, how does he make and spend his money?

Birth nameJustin Drew Bieber
BirthdayMarch 1, 1994
Age28
Justin Bieber Net worth$285 million
Source of wealthMusic, business ventures
Marital statusMarried (Hailey Baldwin)
EducationSt. Michael Catholic High School
ResidenceLos Angeles, CA
Nickname (s)JB, J-Beebs, JBiebs

Justin Bieber is one of the best-selling musicians of all time having sold more than 150 million records globally. According to Wealthy Gorilla, Justin Bieber net worth is an estimated $285 million. Although the singer resides in the U.S, he was born and raised in Canada. JB has won two Grammy Awards, one Latin Grammy Award, 21 Billboard Music Awards, 18 American Music Awards among many other accolades.

The singer makes about $60 – $80 million every year from his music, endorsement deals as well as several business ventures. Forbes reports that he earned $83.5 million in 2017 and was the world’s 13th best-paid celebrity that year. He’s regarded as one of the richest musicians in the world right now. Justin Bieber together with his wife Hailey Baldwin have a combined net worth of about $300 million. So, where does he get his fortune, and how does he spend his millions?

Early life and education

Justin Drew Bieber was born on March 1, 1994, in London, Ontario, Canada. Justin Bieber’s parents Jeremy Bieber and Pattie Mallette split up after he was born and were never married. The singer’s mother was 18 years when he was born. Justin Bieber was raised in Stratford by his mother who worked several low-paying office jobs. She also got help from her parents in order to raise her son. The singer attended the Jeanne Sauve Catholic elementary school in Stratford and later joined St. Michael catholic Secondary School where he graduated in 2012.

Career beginnings

While growing up Justin Bieber sang and performed covers of several R&B songs and her mother could post the videos regularly on YouTube. In 2007, when he was 12, Justin Bieber sang “So Sick” by Ne-Yo for a local singing contest in Stratford and emerged number two. In 2008, Scooter Braun came across Justin Bieber’s videos on YouTube and was impressed by the young singer. Braun contacted Bieber’s mother who allowed him to take the youngster to Atlanta, U.S to record some demo tapes.

Bieber met Usher a week later who together with Braun signed him to their record label Raymond Braun Media Group (RBMG). He was later signed to Island Records in October 2008 with Braun becoming his manager the same year. Bieber also moved to Atlanta with his mother hoping to launch his musical career with the help of Usher and Braun.

In July 2009, JB released his first single “One Time” which reached number 12 on the Canadian Hot 100 during its first week. The singer released his first extended play, My World in November 2009 with four singles which all charted within the top 40 on the Billboard Hot 100 in the United States. He became the first solo artist to have 4 singles chart in the top 40 of the Billboard Hot 100 prior to the launch of a debut album.

To promote My World, the singer performed on various live shows including The Ellen DeGeneres Show, Good Morning America, The Today Show among others. On December 20, 2009, JB performed “Someday at Christmas” by Ron Miller and Bryan Wells — for former US President Barack Obama and first lady Michelle Obama at the White House.

The singer has named The Beatles, Mariah Carey, Justin Timberlake, Usher, Chris Brown, and Tupac as his musical influences.

Related: Beyonce’s Net Worth

Justin Bieber has a net worth of $285 million. How does he make his millions?

Fashion line and fragrances

Justin Bieber owns his own clothing line called “Drew” which he launched in January 2019. The line includes sweatshirts, shorts, hats, socks, pants, hoodies as well as unisex t-shirts, all of which have a smiley face logo or the word drew on them. Prices for each piece range from $48 to $148. According to The Richest, the brand brings in about $1 million every year in sales revenues.

The singer has released four fragrances. Someday which was launched in 2011, Girlfriend, released in 2012, The Key released in 2013, and his fourth Justin Bieber’s Collector’s Edition which launched in 2014. According to Finances Online, Someday which costs about $65 per bottle, is one of the 10 most successful celebrity fragrances. After its launch, the celebrity scent grossed more than $3 million in sales in just under 3 weeks.

Partnerships and endorsements

In November 2021, Justin Bieber partnered with Tim Hortons, a Canadian international fast food restaurant chain to launch a type of donut called timbiebs. The donuts come in three flavors, Birthday Cake waffle, Chocolate White Fudge, and Sour Cream Chocolate Chip. The partnership led to a 10% increase in the restaurant’s sales in the 4th quarter of 2021.

Justin Bieber’s endorsement deals also add to his fortune. JBiebs has endorsed various brands such as Adidas, T-mobile, Beats By Dre, Elizabeth Arden, SoftBank, Venus Williams, Best Buy, and Derrick Rose. According to Startup Talky, the singer received $3 million from Proactiv in 2010 for a two-year endorsement deal with the company. Bieber has been the face of Calvin Klein since 2015. In 2019, together with his wife, JB participated in a campaign to promote the brand’s latest underwear collection. One of his latest partnerships is the February 2022 campaign for Balenciaga.

In 2010, JBiebs in partnership with Nicole by OPI launched a nail polish line called The One Less Lonely Girl Collection. It sold a million bottles in under two months of its release, bringing in about $12 million. The singer also owns a deodorant line known as Here+Now. In 2016, Justin Bieber launched an emoji app, Justmoji which features hundreds of gifs, emojis, and stickers depicting the singer. JB pockets about $1,112,000 for every post he makes on Instagram and is one of the 10 highest-paid celebrities on the platform.

Music

World Tours are certainly one of the most lucrative sources of income for Justin Bieber. According to Forbes, the singer makes about $1 million per night when touring. His first world tour, My World in 2009 grossed $53 million from the sale of close to 1.4 million tickets. His Believe Tour in 2012 grossed $69.9 million while his third tour the Purpose World Tour in 2016 is his most successful tour grossing a whopping $257 million from 162 shows. The tour was one of the best-grossing concert tours of both 2016 and 2017.

Justin Bieber makes a good sum of money from the sale of his albums. He also makes money from streaming services such as Spotify. The singer is the most streamed artist on the platform with about $86.1 million monthly listeners. With Spotify paying $0.004 for every stream, Bieber would make a cool $344,400 every month. Bearing in mind that most of these listeners will stream more than one song, the singer makes even more than that from the streaming service. As reported by Forbes, JB also has a stake in Spotify. The company is valued at more than $20 billion.

How does Justin Bieber Spend his fortune?

Second wedding & Gifts

Justin Bieber has a net worth of $285 million, and he can buy almost anything he wants. In 2018, JB bought his girlfriend, Baldwin a $500,000 diamond engagement ring. In September 2019, Bieber had a second wedding which according to TheThings Celebrity cost him a whopping $500,000. The couple rented out the Montage Palmetto Bluff for $139,590, spent about $60,000 on food, and hired celebrity party planner Mindy Weiss to plan the wedding. The Washington Post reports that Weiss pays her staff about $45,000, spends about $48,000 on travel expenses, and $10,000 on the videographer among other expenses. CEO world Magazine ranks her one of the world’s most expensive wedding planners.

In his 2020 music video for intentions, Justin Bieber surprised a female fan with a car, a $33, 210 Fiat 500 so that she could commute to school easily. Bieber bought a $150,000 diamond watch for Hailey during her 23rd birthday.

Related: Jay-Z’s Net Worth

Real estate portfolio

Justin Bieber has an $8.5 million mansion in Beverly Hills which he acquired back in 2018 after getting engaged to Hailey Baldwin. The property features 5 bedrooms, 7 bathrooms, a bar, a library, a wine cellar, and a home theatre. He also owns a $5 million property in Ontario, Canada. The mansion which he bought in 2018 features 4 bedrooms, 6 bathrooms, a three-car garage, a movie theatre, and three fireplaces. The property sits on a 101-acre piece of land and has an equestrian facility for horses. It also has access to a private lake.

justin-bieber-house-in-ontario-canada
Justin Bieber’s lakefront mansion in Ontario, Canada

Before buying his Beverly Hills estate JB lived in rented mansions. For a few months between 2014 and 2015, he rented the “salad spinner” house in Beverly Hills for $60,000/month. In 2015 he rented another 5-bedroom mansion in Beverly Hills for $35,000 every month. By 2016 he had moved to another 10-bedroom estate in Toluca Lake which he rented for a whopping $80,000.

Cars

Justin Bieber has an impressive car collection. He owns a black Lamborghini Urus SUV which costs anywhere from $230,000, a Lamborghini Aventador that goes for about $500,000 as well as a Mercedes G-Wagon that costs $125,000. The singer also owns a customized Cadillac CTS V Coupe which has self-opening doors and costs about $100,000. A Ferrari 458 Italia, a Fisker Karma, a Project Khan Range Rover Evoqua, and a Mercedes Maybach S600 are some of his other toys. The R&B sensation also owns a Harley-Davidson motorcycle which he purchased in 2019 for $28,000.

Lavish lifestyle

Justin Bieber owns a pair of savannah breed cats that cost him about $35,000. The singer reportedly owns two Hyperbaric chambers that cost anywhere from $16,000 each. The chambers are rooms or pods in which patients sit while air pressure is tripled. The singer claims that these chambers help him with the symptoms of anxiety as well as maintaining his soberness. Justin Bieber does not own a private jet and neither does he fly commercial. He charters a private jet which reportedly costs him about $9,000 for every flight hour.

Justin Bieber has about 65 tattoos some of which are by celebrity tattoo artists Bang Bang NYC and dr. woo who charge a minimum of $300 for each tat. Because money is no problem for JB and his wife, he can take a vacation anywhere, any time he needs to. After their engagement in 2018, the couple went on a vacation in Italy and spent about $13,000 per night while staying in a private Italian villa. Justin Bieber is one of the individuals who have reserved tickets to fly to space with Richard Branson’s spaceflight company, Virgin Galactic. Bieber bought the ticket for $250,000.

Personal life

Justin Bieber is married to Hailey Baldwin, an American model, socialite, and media personality. The two got engaged in July 2018 and got married in September 2018 through a civil marriage. JB briefly dated Hailey from December 2015 to January 2016 before breaking up. They got back together in June 2018. J-Beebs was also in an on-and-off relationship with Selena Gomez from December 2010 to March 2018.

justin-bieber-with-wife-hailey-baldwin
Justin Bieber with his wife Hailey Baldwin

Conclusion

Justin Bieber net worth is an estimated $285 million. He’s young and rich. The singer is expected to make even more money from his 2022/23 Justice World Tour. This not forgetting several partnerships he continues to have with brands like Calvin Klein. Finally, here are some quotes from JB to inspire you.

  • “I’m looking forward to influencing others in a positive way. My message is you can do anything if you just put your mind to it.”
  • “Friends are the best to turn to when you’re having a rough day.”
  • “Of course, I think that people are just waiting for that time when I make a mistake and they’re gonna jump on it…. There’s gonna be haters.”
  • “I want my world to be fun.”
  • “I make mistakes growing up. I’m not perfect; I’m not a robot.”
  • “I started singing about three years ago, I entered a local singing competition called Stratford Idol. The other people in the competition had been taking singing lessons and had vocal coaches. I wasn’t taking it too seriously at the time, I would just sing around the house. I was only 12 and I got second place.”

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