Justin Bieber Net Worth is $200 Million
Justin Bieber is a Canadian singer, songwriter, dancer. The young and budding musician has a net worth of $200 million and an annual salary that ranges from $60 to 80 million. With those figures, Bieber is among the richest musicians around.
Justin Bieber Net Worth: How He Started
Justin Drew Bieber was born on March 1, 1994, in London, Ontario in Canada and raised by a single mother. Bieber showed early interest in music and trained himself to play drums, piano, guitar and trumpet. At 13, he was already proficient in playing instruments as well as singing. Bieber didn’t waste time to introduce his music to the world. Still in his early teens, he would upload his cover of popular artists songs Justin Timberlake, Stevie Wonder, and Usher Raymond.
It wasn’t long before Scooter Braun came across amazing videos, Bieber posted on YouTube. Braun was a marketing executive who was working closely with R&B sensation Usher Raymond. Scooter and Braun had started a company with the aim of discovering young talent.
After being impressed by Justin’s creativity and musical skills, Scooter made arrangements for the young lad to perform for his partner Usher. Usher loved Bieber too and signed him to his Raymond Braun Group. This was the genesis of the rise of a new pop artist and it set the ball rolling for a successful music career.
Justin Bieber Net Worth: Musical Breakthrough
Despite being a self-taught musician, Justin had amazing talent that took him to the helm of the music industry. Bieber’s first single “One Time” released in 2009 enjoyed more than average success, peaking at #17 on the Billboard Hot 100. In November of the same year, Bieber released his Extended Play (EP) titled My World. The album was certified platinum in Canada. By December that year, Bieber was invited to the White House where he performed for US president Barrack Obama and the first lady, during Christmas.
Bieber released his first studio album My World 2.0 in 2010. It produced the lead single “Baby” ft. Ludacris which was an instant hit. Baby sold over 15 million copies worldwide. It’s video received over 1 billion views on YouTube. Not only did it secure him a place in the music industry but also changed his net worth.
Per estimates, His net worth rose to $5 million at the end of 2010. Bieber’s net worth at the end of January 2012 was $40 million.
Justin Bieber has gone to establish himself as a star. He even boasts a plethora fans known as “The Bieber Revolution”. Some of Bieber’s other successful albums include “Under the Mistletoe” (2011) a Christmas song album that sold more than 2 million copies, “Believe” (2012) which has sold over 3 million globally and “Purpose” (2015) which sold over 500,000 copies in its first week. All these albums have debuted atop the Billboard charts.
In addition to record sales, Bieber’s tours have been hugely successful. His My World Tour grossed over $50 million, Believe Tour brought in $209 million. Bieber has collaborated with notable names like Nicky Minaj, Snoop Dogg, Chris Brown, Selena Gomez Mariah Carey, Drake, among others.
Justin Bieber Net Worth: Endorsements And Business Ventures
Celebrities often capitalize on their popularity to boost a business portfolio and the same can be said for Justin who made his first start-up investment in 2009. Some of the companies he has invested in include; social network Shots, Spotify, SoJo Studios, Stamped and shopping app StarShop.
Bieber’s huge fan base have landed him quite a number of lucrative endorsement deals including Adidas, Proactiv and Calvin Klein. His first fragrance called Someday launched in 2011 and sold over $3 million after two weeks of release. Justin has released several other fragrances including Girlfriend, The Key and Justin Bieber Collector’s Edition.
Justin Bieber’s Woes
Similar to many other successful artists, controversy always seems to follow Justin Bieber. He has been involved in relationship issues with his former girlfriend singer Selena Gomez. He was arrested for drag racing, DUI (Driving under the influence) in 2014, and has also exhibited bad behavior in public.
However, Biebs has remained focused on his career and as long as he does, his net worth would only surge.