The statement was in response to The Hollywood Reporter article published on Wednesday, in which a former employee on Bieber’s team claimed the star was millions of dollars in debt after he cancelled his Justice World Tour after multiple postponements due to health issues.

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In a statement about the story to Us Weekly, Bieber’s team vehemently denied the allegations.

‘This is just clickbait stupidity based on unnamed — and clearly ill-informed — ‘sources,’ disappointed that they no longer work with Justin,’ the statement read.

Justin Bieber slammed recent reports claiming he is broke via a statement released by his team on Wednesday; pictured in February
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Justin Bieber slammed recent reports claiming he is broke via a statement released by his team on Wednesday; pictured in February

‘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.’

‘Any source that is trying to sell you a story about alleged financial distress … either doesn’t understand the entertainment industry or, more likely, is trying to paint an unflattering portrait of Justin, which bears no resemblance to reality,’ Bieber’s team also told THR.

The statement was published in the outlet’s ‘Justin Bieber’s Crisis of Faith?’ article.

In THR’s reporting, a source alleged that when Bieber announced in February 2023 that he would be cancelling the remaining tour dates ‘triggered a series of financial consequences that are still plaguing the artist today.’

The tour was originally scheduled to begin in 2020 but was delayed due to the pandemic and then further delayed again in 2022 after he was diagnosed with Ramsay Hunt syndrome, which caused facial paralysis.

In March 2023, he cancelled the remaining tour dates indefinitely.

The article also alleged that Bieber was not only broke but owed a ‘large debt’ — approximately $20 million, according to their insiders — to tour promoter AEG after canceling his tour as he was reportedly given a $40 million advance prior to kicking off the tour.

‘To date, Bieber has only returned a portion of what he borrowed,’ the outlet claimed as multiple sources alleged Bieber is ‘overstretched’ financially.

The statement was in response to The Hollywood Reporter article published on Wednesday, in which a former employee on Bieber's team claimed the star was millions of dollars in debt after he cancelled his Justice World Tour after multiple postponements due to health issues; pictured in November 2022
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The statement was in response to The Hollywood Reporter article published on Wednesday, in which a former employee on Bieber’s team claimed the star was millions of dollars in debt after he cancelled his Justice World Tour after multiple postponements due to health issues; pictured in November 2022

Reps for the 31-year-old pop star called the claims 'clickbait stupidity' coming from unreliable sources who are 'disappointed that they no longer work with Justin'; pictured in January
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Reps for the 31-year-old pop star called the claims ‘clickbait stupidity’ coming from unreliable sources who are ‘disappointed that they no longer work with Justin’; pictured in January

In THR's reporting, a source alleged that when Bieber announced in February 2023 that he would be cancelling the remaining tour dates 'triggered a series of financial consequences that are still plaguing the artist today'; pictured January
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In THR’s reporting, a source alleged that when Bieber announced in February 2023 that he would be cancelling the remaining tour dates ‘triggered a series of financial consequences that are still plaguing the artist today’; pictured January

The article also alleged that Bieber was not only broke but owed a 'large debt' ¿ approximately $20 million, according to their insiders ¿ to tour promoter AEG when he cancelled his tour
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The article also alleged that Bieber was not only broke but owed a ‘large debt’ — approximately $20 million, according to their insiders — to tour promoter AEG when he cancelled his tour

The controversial profile comes amid ongoing speculation about the singer's health and marriage, with fans expressing concern for his wellbeing; pictured February 2023
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The controversial profile comes amid ongoing speculation about the singer’s health and marriage, with fans expressing concern for his wellbeing; pictured February 2023

A rep for Bieber claimed in a February statement that he 'ended several close friendships and business relationships that no longer served him,' adding that the past year has been 'very transformative' since he welcomed son Jack Blues last August with his wife of six years; pictured in April 2022
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A rep for Bieber claimed in a February statement that he ‘ended several close friendships and business relationships that no longer served him,’ adding that the past year has been ‘very transformative’ since he welcomed son Jack Blues last August with his wife of six years; pictured in April 2022

This comes two years after Bieber shockingly sold his entire catalog of music for $200 million.

The outlet claimed that the initial deal was set for $140 million — to the rumored buying Hipgnosis Songs Capital — but Bieber’s team, which included his former manager Scooter Braun, negotiated the offer up to $200 million.

Sources told the outlet that his team hoped the larger sum would provide the singer ‘financial security’ for a longer amount of time.

The controversial profile comes amid ongoing speculation about the singer’s health and marriage, with fans expressing concern for his wellbeing.

In recent months, he sparked rumors when he ‘accidentally’ unfollowed his wife Hailey Bieber on Instagram.

He also garnered widespread concern when fans noticed he ended his business relationship with Scooter Braun, unfollowing his former manager, and denounced his fashion brand Drew House — which he cofounded with his former stylist Ryan Good.

A rep for Bieber claimed in a February statement to TMZ that he ‘ended several close friendships and business relationships that no longer served him,’ adding that the past year has been ‘very transformative’ since he welcomed son Jack Blues last August with his wife of six years.