July 30, 2014
This singer not named Kanye better learn Kanye's hard lesson soon. This singer is a former A list tweener, who according to his accountant spends on average $250K a week over the past year. On average, his income over the same period has been about $25K a week. Yeah, so he is bleeding money.
Justin Bieber
Posted by
ent lawyer
at
3:30 AM
Labels: blind items revealed
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10 comments:
Yeah well maybe he can get Kendull Jenner pregnant. Or aim lower with Kylie when Tyga is done with her.
How is that level of spending even possible? It just makes me sick. I work full-time and a couple freelance jobs and in a year I don't make a tenth of what he spends per week. I can't even afford health insurance because I live in fucking Georgia. Society decided that this asshole deserves $25k a week and that's not enough?? Hell exists, and it's right here, right now.
Indeed. Well said.
well the spending is not on food or phone or car whatever. it is private planes which make for 20-120 grand a flight. you invite a friend along, you need some security, hotel 1-3 grand a night, some escorts up to 10 grand.
there you go.
@groovy - not well said. from your perspective it may be perceived as painful but:
you only make money if you sell your products/songs/books to millions of people - then you make millions-no matter how dumb you are. if you only sell your (life)time for a few bucks an hour, there are only that many hours a day, you´ll be poor-no matter how smart and big hearted you are. so, maybe you do something else for many more people :-)
Blind item (Easy,Easy,Easy) - who is selling to millions and who is shelling out lifetime by the hour?
A lot of that money was in CASH for things you can't itemize with receipts as business expenses.
Hopefully when his bank account balances hit rock bottom, it will happen during the same period as him being without a label, no more public interest in his music, and no more radio stations playing his songs, hence, no royalties.
A few years ago, I sent out letters to 34 younger celebrities that were making money via Hollywood.
The only response I received was from a business manager who did money management for two of the young celebrities I had sent letters. I asked if either of his clients was interested in acquiring a national credit tenant Net Leased CRE Investment with ten plus years remaining on the initial lease term? He said, "No," adding, "They are too young and stupid to know what to do with their money."
Since then, I have watched those young celebrities buy multi-million dollar mansions which could be in foreclosure in the near future since their TV show is OFF the sir. I suspect that those millions of wasted dollars will sorely be missed sooner than later.
It only comes to about $17 million or so. Biebs bought at least one house, right? That's probably the majority of the "spending" right there.
My Girl T-Swizzle has spent more than this on individual properties, twice. (The Rhode Island mansion cost $17.5 million, the NYC penthouses $19.5 million.) It's troubling if Biebs is no longer pulling in the money, and I'm sure that some of the money was wasted on roods and airbrushing pics of his peen and so on, but I think the blind is written to make it seem that Justin is blowing all of his money, where I think the accountants were lumping his investments in there, too.
I have to call bs on this. There is no way that Bieber earns anywhere near as little as $25k/week. According to Forbes' 2014 celebrity 100 list, Bieber made $80 million.
Yeah, well, your girl's an idiot too.
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