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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJustin Bieber "blows through $1 million a month"
Justin Bieber busted last week in Miami for drag-racing in a rented Lamborghini better slow down .?.?. his spending. Hes blowing through $1 million a month, a source told me. The guys handling his investments at Mellon Bank complain that there is nothing left for them to invest.
Thats saying something for a star who was ranked No. 27 in the earnings category of Forbes magaziness 2013 list of the worlds most powerful celebs. Biebers reported haul for the year was $58 million.
As for where the moneys going, he has a large entourage, some of whom live and travel with him. The pop idol and his posse, including his hard-partying father, just returned from a lavish vacation in Panama.
Bieber spends $8,000 a week on marijuana, according to the Daily Mail, which reported he also uses codeine-laced cough syrup in a concoction rappers call sizzurp, plus Xanax and Ambien.
http://pagesix.com/2014/01/29/justin-bieber-blows-through-1-million-a-month/
"His posse, including his hard-partying father"? I think I can see what the source of this problem is.
People get such chances in life, and invariably they blow them.
The2ndWheel
(7,947 posts)A true job creator.
Fumesucker
(45,851 posts)He's keeping cops busy and generating revenue for the justice system as well as all his private endeavors like renting Lambos and such.
Marr
(20,317 posts)sakabatou
(42,170 posts)ailsagirl
(22,898 posts)Or maybe they moved over from MTV to VH1.
Those were pretty good-- esp. the one about Selena (though really sad)
sakabatou
(42,170 posts)snooper2
(30,151 posts)and all will be good...
Except---
This time the little fucker better let everyone else know where he is. Thousands and thousands of years and billions of people "finding jesus", yet nobody takes the time to make a fucking map
kairos12
(12,869 posts)Coyotl
(15,262 posts)Mike Daniels
(5,842 posts)Seems like the common factor in these young celebrities spiraling out of control and cratering their careers is the presence of at least one parent who doesn't want to act like a parent.
Lohan had her mother Dina and it seems like Bieber now has "daddy" enabling his descent into irrelevance.
hughee99
(16,113 posts)He seems to have the poor financial skills, giant posse, and "stupid pants" of a young M.C. hammer... didn't know he was a fan of the purple drank, though.
It's sad these days how you can spot a future cautionary tale even before it happens.
jmowreader
(50,562 posts)UncleMuscles
(44 posts)Fumesucker
(45,851 posts)great white snark
(2,646 posts)I want that blue bunny dammit!
Retrograde
(10,146 posts)Actually, I'd invest more wisely in a few carefully selected politicians to make sure I get some long-term returns.
clarice
(5,504 posts)LittleBlue
(10,362 posts)Broke and on some reality TV show.
Mojo Electro
(362 posts)He's doing pretty good. Bieber will likely end up way worse off than him.
LittleBlue
(10,362 posts)Last saw him on a reality TV show where he lived in a house with Ron Jeremy and a few other "celebrities".
Mojo Electro
(362 posts)but now he's doing really good for himself. He has a house restoration show on the DIY network, I forget the name of the show. He remodels and sells houses. He seems to have a knack for it and I think his net worth is around 15 million. He's one of the new 1-hit wonder type folks that actually landed on their feet. He did he metal thing for a few years and then started in real estate.
LordGlenconner
(1,348 posts)joeybee12
(56,177 posts)Considering where a big chunk probably goes.
TBF
(32,085 posts)cuz that is where this story goes next. He's going to need his papers to show the judge he is trying to turn his life around.
Beiber, this is Leif Garrett being a wealthy teeny bopper circa early 80s:
And this is Leif Garrett today on cocaine (and who knows what all):
aikoaiko
(34,183 posts)Where's the video?
closeupready
(29,503 posts)Barack_America
(28,876 posts)dionysus
(26,467 posts)Earth_First
(14,910 posts)Oh please.
polly7
(20,582 posts)didn't contribute much to his upbringing ... his mother relied on government assistance, food banks and the church, as well as working numerous part-time jobs at once. I think 'daddy' cashing in and partying hard with him now is just sad. I know Bieber's done some really stupid things, but I believe he's a troubled soul who's in need of some sort of intervention before he kills someone else, or himself.
NCTraveler
(30,481 posts)laundry_queen
(8,646 posts)and as someone mentioned up thread, it seems a common thread with young celebrities who have issues - to have one parent who refuses to act like a parent. Sad.
nyquil_man
(1,443 posts)Does anybody really think we'll still be talking about him in 2027?
frwrfpos
(517 posts)cokehead
hrmjustin
(71,265 posts)lpbk2713
(42,766 posts)NCTraveler
(30,481 posts)Hauling in 58 million, spending 12 million. Seems pretty financially sound. Why can't the guys handling his investments find anything for them to invest. Leas year that would have given him 20 million or so to invest.
Ikonoklast
(23,973 posts)I'd be surprised.
Add in a profligate lifestyle, and pretty soon your expenses outstrip your income.
Auntie Bush
(17,528 posts)I prefer my poor, boring, sedate life.
flamingdem
(39,319 posts)Iggo
(47,564 posts)That dude knows how to live!!!