Justin Bieber’s net worth dramatically increases in just one day after selling the rights to his music to Hipgnosis Songs Capital for a whopping $280 million.
The British firm, founded by CEO Merck Mecuriadis, now owns Bieber’s entire music catalog of 290 songs released before December 31, 2021. The company also owns his writer’s share. So, how much is he worth today?
The Rights to Justin Bieber’s Music
Hipgnosis announced in a statement its move to buy Bieber’s music catalog.
“The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable,” Mercuriadis said via News.com.au. “This acquisition ranks among the biggest deals ever made for an artist under the age of 70; such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone.”
Alternatively, Scooter Braun, who discovered the pop giant on YouTube in 2007 and has been his manager since then, also addressed the “historic deal.”
“When Justin made the decision to make a catalog deal, we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis,” he said. “For 15 years, I have been grateful to witness this journey, and today I am happy for all those involved. Justin’s greatness is just beginning.”
Universal Music will continuously release the hitmaker’s new songs, while UMG still owns his master recordings.
Justin Bieber’s Career
As one of today's most famous pop stars, Bieber plays an influential role in modern-day popular music.
He first gained recognition when he dropped his seven-track debut EP My World in 2009. From there, he successfully established himself as a teen idol.
His commercial success began when he released the teen pop studio album, My World 2.0, topping the U.S. Billboard 200 and making him the youngest solo male act to top the chart in 47 years.
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It spawned the international hit single “Baby,” becoming one of the best-selling singles of all time in the U.S.
His second studio album, Under the Mistletoe, came in 2011 and became the first Christmas album by a male artist to debut at No. 1 in the U.S.
His third album, Believe, was a dance-pop, making him the first artist in history with five U.S. number-one albums at 18.
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Despite his controversies and legal issues, Bieber has redeemed himself and become one of the best-selling music artists of all time, with estimated sales of over 150 million records worldwide.
His reported net worth is $300 million.
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