The ‘Let Me Love You’ hitmaker Justin Bieber reportedly received $200 million for his 15-year music repertoire.
According to Female First UK, the 28-year-old singer has followed in the footsteps of musicians who have sold interests in their music for fortunes in the past three years, including Bob Dylan, Mick Fleetwood, Neil Young, Sting, and Blondie singer Debbie Harry. Justin Bieber sold the rights to his recording career to London-listed company Hipgnosis Songs Capital, with sources telling Variety that the singer’s tunes will continue to be managed by Universal Music where he has been though.
According to Female First UK, Merck Mercuriadis, 59, the founder of Hipgnosis Song Management, stated in a statement regarding the purchase of Justin’s entire portfolio before 2022, consisting of 290 tracks: “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable. Such is the impact of this extraordinary archive, which has approximately 82 million monthly listeners and over 30 billion streams on Spotify alone, that this acquisition ranks among the greatest agreements ever made for an artist under the age of 70.
The statement, which Female First UK was able to obtain, continued, “Scooter Braun (Justin’s manager) has helped him establish a wonderful archive, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family.
With 150 million records sold worldwide, Justin Bieber, who is married to model Hailey Bieber, 26, is one of the world’s best-selling musicians and has a net worth of an estimated $300 million. He has released six studio albums, 72 singles, and collaborated with artists such as Ludacris and Nicki Minaj.
All of Justin’s studio albums have achieved platinum or multi-platinum certification, while his singles “Baby,” “Sorry,” and “Despacito” have each achieved diamond status in the United States after selling more than 10 million copies.
