Report: Justin Bieber Has To Sell His catalog Because He was going Broke

A new documentary from TMZ suggests that Justin Bieber, who's made well over $500 million during his career, was forced to sell his catalog for $200 million because he was broke.

They also reported that an independent audit found that he owes his ex-manager, Scooter Braun, $9 million.

Bieber had believed that Braun owed him money. But when he hired PricewaterhouseCoopers to investigate, they discovered the opposite was true.

Sources who spoke to the New York Post said there is widespread concern among friends and family over how Bieber spends his money.

 “He’s flying in all his friends on private jets to his birthday party, putting it all over Instagram," they told the outlet.  “He’ll spend $300,000 at the Nobu at Coachella. He hasn’t worked in a really long time.”

Bieber's team denies he's in financial ruin.

This is just clickbait stupidity based on unnamed — and clearly ill-informed — ‘sources,’ disappointed that they no longer work with Justin," said the Bieb's rep. “As Justin forges his own way forward, these unnecessary stories and inaccurate assumptions will continue. But, they won’t deter him from staying committed to following the right path.”

Too bad Diddy isn't around to save him.