Justin Bieber’s net worth is something fans have been curious about considering the astronomical way he rose to fame and stayed afloat as one of the true flag-bearers of pop music. Bieber has been famous since he was just a teenager, releasing hit single after hit single, putting out highly successful albums and attaining the status of a globally renowned vocalist. The pop star has won millions of fans from around the world who adore his talent.
But exactly how much money has the pop star made over the years since he rose to become one of the most beloved pop stars in the world? Has he made much money at all? What is Justin Bieber’s net worth, how does he rake in his money and how does he go about spending the cash? Allow us to tell you all about it.
Who Is Justin Bieber?
Born on March 1, 1994, in London, Ontario, Justin Bieber is a Canadian who was raised in Stratford, Ontario. He is the only child of his parent identified as Jeremy Jack Bieber and Patricia Mallette. His mother is an author and film producer.
Bieber developed an interest in music from an early age. In fact, according to reports, while still a little baby, he learned how to play different musical instruments including the piano, drums, guitar, and trumpet. At the age of 12 in 2007, Bieber took part in a local singing contest where he sang So Sick by Neyo. He came second in the contest and the videos of him singing were uploaded to YouTube by his mother.
In 2008 when he was 13 years old, Bieber was discovered after a talent manager called Scooter Braun watched his videos on YouTube and consequently reached out to him. Soon, Bieber got signed to RBMG Records, a media and record company co-owned by singer, Usher, and Braun.
In late 2009, shortly after his signing, Bieber released his debut EP called My World. The EP was well-received around the USA and Canada and it was soon certified platinum in the USA. In fact, the EP made Bieber the very first artist to have as many as 7 songs from a debut record chart on the US Billboard Hot 100.
Justin Bieber eventually released his first studio album in 2010 and called it My World 2.0. The album became a smash hit and debuted at number one spot in several countries around the world. It was also certified triple platinum in the US. The album shot him to international stardom and drew a lot of attention to him.
Bieber has since gone on to release 3 more studio albums and 4 compilation albums, winning several awards including a Grammy award. According to reports, he has sold more than 150 million records since his debut and this makes him one of the best-selling music artists in the world.
What is Justin Bieber’s Net Worth?
There is not a doubt at all that Justine Bieber has been able to rake in a lot of money over the years with the kind of work he has put into his music career. Releasing several smash hits around the world, he has cemented his place as one of the most bankable pop stars in the world, making money in the process.
At the moment, Justin Bieber’s net worth has been pegged at a whopping $265 million by different sources.
How Does He Make His Money?
Justin Bieber makes money through different ways and one of those ways is by touring. His first world tour was the My World tour which ran from 2010 to 2011 and it was very successful, grossing $53.3 million in total, according to Forbes. His second tour was the Believe tour which ran from 2012 to 2013 and grossed $69.9 million. His most recent world tour was the Purpose tour which raked in more than $250 million.
Justin Bieber also makes money from acting. The pop star has appeared in a number of movies and TV series including Men in Black 3 and CSI: Crime Scene Investigation. The singer also makes money from the documentaries he has produced including Justin Bieber: Never Say Never and Justin Bieber’s Believe. These documentaries raked in a lot of money.
And, of course, Bieber rakes in a lot of money from the different endorsement deals he has inked over the years. He has juicy deals with Calvin Klein as well as with Proactiv and Nicole by OPI. He has his own fragrance called Someday and it has fetched him several millions in revenue. All of these have combined to increase Justin Bieber’s net worth.
How Does Justin Bieber Spend His Money?
Being a very successful musician, Justin Bieber likes to live big. The pop star likes to spend his money big on luxury homes and expensive cars. In 2012, Bieber purchased a massive 9,214 sq. ft. mansion in California worth about $6.5 million. He eventually sold the house to Khloe Kardashian. He also loves parties and spends a fortune in arranging some to entertain friends.
Over the years, Bieber’s love for luxury homes has seen him rent two condos worth several million dollars in Beverly Hill. He has also purchased a penthouse in Amsterdam for $29 million. The pop star now lives in a West Hollywood home which he rents for about $55,000 a month.
Justin Bieber also spends a fortune on his tattoos. The singer has splashed tattoos all over his body and these drawings cost a lot of money. According to reports, he has more than 50 tattoos on his body many of which cost more than $1,000 each. Also, some artists charge as much as $300-$400 per hour to work on his tattoos.