Justin Bieber hit with $380k bill for unpaid property taxes after ‘accusing money managers of squandering his fortune’

Justin Bieber has been hit with an overdue $380,000 tax bill amid rumors he's considering taking legal action against his former money managers, The U.S. Sun can exclusively reveal.

The development comes after TMZ alleged this week that Bieber is "upset" and feels his old financial team mismanaged his reported $300 million fortune.

New dad Bieber, 30, cut ties with his business manager Lou Taylor earlier this year, according to People, having worked with her company, Tri Star Sports And Entertainment Group, since 2022.

"They parted ways a few weeks ago in May," a source told People at the time.

"It was a mutual and seamless transition. It wasn't a fit anymore."

The TMZ report does not name Taylor or her company but notes that Beiber's concerns extended to "more than one" manager.

The U.S. Sun can confirm no suit has been filed at this time and calls to Bieber's team and Taylor went unanswered.

He has now been dealt another blow, after previously taking out a $5 million line of credit on one of his luxury homes.

In January 2023, he purchased a $16.6 million desert property near the exclusive Madison Club in Coachella Valley, which is also home to the Kardashians, Adele, and Scooter Braun, his former manager.

But the taxes on the property are now overdue, according to official records seen by The U.S. Sun.

In total, he owes $380,349 - half of which was due by 12 October and the other half by April 10 next year. 

The taxes for 2022 and 2023 are supplemental.

LINE OF CREDIT

Bieber also has a stunning eight-bed, 11-bath estate in Beverly Hills, which he bought for $25.8 million in August 2020. 

But 13 months later, he asked Comerica Bank for a line of credit worth $5 million for the home.

He's been working less in recent years and became a first-time father to son Jack with his wife Hailey in August this year.

Bieber's Justice world tour was delayed for three years from 2020 due to COVID and his health issues, before being canceled altogether.

However, he did make a lot of money when he sold the rights to his back catalog to Hipgnosis Songs Capital for $200 million.

THE COMBS CONNECTION

Taylor and Tri Star have often made headlines, as they also looked after Sean "Diddy" Combs.

Combs' arrest for sex trafficking has reportedly plagued Justin, who considered him a mentor as a teenager, with sources saying he "wasn’t protected" enough.

He is yet to speak out about the star's arrest.

Taylor's firm was recently mentioned in a lawsuit filed by music producer Rodney "Lil Rod" Jones, who is suing Diddy for allegedly sexually assaulting him and forcing him to perform sex acts on prostitutes.

In the complaint, he alleged a Tri Star employee paid a monthly fee to Diddy's sex workers who received the money via wire transfer.

Neither the firm nor Taylor is listed as a defendant in the suit.

Combs' legal team has asked the court to dismiss the suit, which was filed in the Southern District of New York, claiming it is full of "blatant falsehoods" to "generate media hype" and "extract a settlement." 

Meanwhile, Taylor and her company also came under fire after their involvement with Britney Spears' conservatorship.

A previous court filing claimed Taylor and Tri Star Sports and Entertainment received at least $18 million from the conservatorship, which she denied.

Despite splitting with Taylor six months ago, Justin still has close ties with her team. 

Two of his firms - Bieber Time Touring LLC and Bieber Film Inc - have now been suspended by the State of California and aren’t in good standing, according to records.

They also have their principal address as Tri Star's offices on Sunset Boulevard in West Hollywood.

NEW MONEY MANAGERS

Bieber has now entrusted Edward White - Johnny Depp's financial advisor - to reverse his fortunes, who founded Edward White & Co., in 1976 and also counts Jack Nicholson as a client.

Music veteran Bob Bradley, who runs Bradley Public Relations and Marketing, believes Justin will need a high level of expertise to sort out his finances.

"Pop stars all have business managers, Justin Bieber hasn't likely paid a mortgage bill, let alone likely ever his cell phone bill," he told The U.S. Sun.

"That's all delegated and assigned to a business management firm that handles his day-to-day finances, book-keeping and collaborating with CPAs [music industry accountants] to prepare his yearly taxes and most financial decisions, investments, etcetera.

"So, if Bieber is behind on loan payments, there is someone behind the scenes dropping the ball and not guiding his finances properly. 

"Unfortunately, there are a lot of yes people in entertainment, and, if Bieber is indeed in financial trouble, maybe his business manager shouldn't have greenlit all his big expenses."