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Justin Bieber is a Canadian singer who shot to fame after being discovered on YouTube, which was barely 15 years ago. However, Bieber has accomplished a lot in less than two decades! With six studio albums to his name, countless music videos, and producer credits – it’s no wonder Justin Bieber’s net worth in 2023 is estimated at $300 million.
So how did that happen? What all contributes to that number? Read on to find out how his career developed, his most successful business endeavors, and how he turned from a regular teenager to a multimillionaire so quickly.
Early Life
Justin Bieber was born in London, Ontario, Canada on March 1, 1994. His mother was only 18 when she had him and never got married to Bieber’s father. She raised Bieber with the help of her parents. He attended St. Michael Catholic Secondary School in Stratford, Ontario, and graduated high school in 2012.
Even at a young age, Bieber had always been musically inclined, quickly learning to play several instruments, including the piano, guitar, drums, and trumpet. When he was 12 years old, Bieber joined a local singing contest where he sang “So Sick” by Ne-Yo. He won second prize, and his mother posted a video of his performance on YouTube. Since then, she kept uploading videos every time Bieber performed.
Music Career: The Beginnings
Justin Bieber was discovered when he was just 14 years old. Scooter Braun opened one of his videos on YouTube in 2007 by accident and was impressed by what he saw. He located Bieber and took him to Atlanta to make some recording demos. Just a few days upon his arrival, Bieber found himself singing in front of Usher.
The R&B superstar also liked what he saw, and soon enough, Bieber was signed to Raymond Braun Media Group. This is an outfit co-owned by Bieber’s manager Scooter Braun and Usher. This eventually paved the way for Bieber to sign a contract with Island Records. Bieber and his mother then moved to Atlanta so that he can pursue his newfound career in the music industry.
Two-Part Debut Album Was an Instant Success
Two years after having been discovered, Bieber was ready with his debut album. It was released in two parts – My World and My World 2.0.
My World went on to become 5x platinum. It also set the record as the first debut album with four singles in the Billboard Top 40 even before the album was released. These singles were One Time, Love Me, One Less Lonely Girl, and Favorite Girl.
My World 2.0 also did amazingly well, debuting at the top of the US Billboard 200. This was after selling close to 700,000 copies in the first three weeks. Because of this, Bieber also became the youngest male artist in the top position since Stevie Wonder in 1963.
With only one album in his name, Justin Bieber’s net worth was already valued at more than $10 million.
Bieber’s Rapid Rise to Fame
The string of highly successful albums was just beginning. The incredibly positive response to his first albums brought on a flood of offers and opportunities for Bieber. In 2010, he became a presenter at the Grammy Awards. He was invited to be part of the remake of We Are the World, singing the lines originally performed by Lionel Richie.
In 2011, while still riding on the success of My World 2.0, Bieber released the Never Say Never album. At the same time, a biopic/concert film of the same title was also released in theaters. It grossed about $12.4 million on opening day from about 3,100 theaters. By the end of its run, it would earn more than $98 million in theater attendance.
It was also in 2011 that Forbes named him the 2ndhighest-paid celebrity under 30 for earning $53 million in a year. Towards the end of the year, Bieber released a Christmas album called Under the Mistletoe. It debuted at No. 1 on the Billboard 200, selling over 210,000 copies within a week of its release. Ten years later, it would make the list of Billboard’s Greatest of All Time Top Holiday Albums.
Reaching the $100 Million Milestone
Bieber’s massively successful third studio album Believe came out in 2012. The first single from the album, Boyfriend, shot to the top spot in the Canadian Hot 100. It peaked at number 2 on the US Billboard Hot 100. Because of the explosive sales of this album, Justin Bieber’s net worth crossed the $100 million mark before the end of the year.
Aside from reaching a significant net worth milestone, the album also helped Bieber achieve a shift in sound. By this time, he was aiming to transition from teen pop to more mature music, which syncs perfectly with his deeper voice and stronger beats. It was also around this time that Bieber set the record for having more than 40 million followers on Twitter.
Shortly after the album’s release, Bieber went on the Believe Tour that started in Glendale, Arizona. The tour included over 150 sold-out shows in North and South America, Europe, Asia, Africa, and Oceania, selling over $150 million in tickets. Some of the shows sold out within seconds of ticket opening. The tour’s last show took place in Perth, Australia, in December 2013.
Albums and Singles
It wasn’t until 2015 that Bieber released his fourth album, Purpose. The first single, What Do You Mean? debuted at number one on the US Billboard Hot 100, Bieber’s first song to do so. The feat also earned him a Guinness World Record as the youngest male artist to debut at the top of the charts.
His next single, Sorry, debuted at the number 2 spot, staying there for 8 weeks before finally climbing to number 1. He was just getting started though, because the third single, Love Yourself, was also on its way to the top of the chart. When it reached number 1, Sorry was still at number 2. With this, Bieber became the third artist to hold the top two spots, next only to Usher in 2004 and the Beatles in 1964.
Bieber collected heaps of awards and nominations at the Grammy Awards that year. The purpose was nominated for Best Pop Vocal Album and Album of the Year. Bieber also earned Song of the Year and Best Pop Solo Performance nominations for Love Yourself.
It took another 5 years for Bieber to finish his fifth album, Changes, which came out in 2020. It was immediately followed by the sixth studio album, Justice, a year later. Just like all his previous albums, these two recent releases landed at the top of the charts. They also generated an impressive amount of revenue.
Awards
In less than 14 years, Bieber has amassed over 370 awards and over 550 nominations from the music industry. This includes two wins from the Grammys, 18 from the American Music Awards, 26 from the Billboard Awards, and so many more. Bieber also received the very prestigious Queen Elizabeth II Diamond Jubilee Medal, which he won in 2012.
Real Estate
Among the big contributors to Justin Bieber’s net worth are his sizable real estate investments. In 2018, Justin and Hailey Bieber set up a Toluca Lake, California residence. The Spanish-style rental home features five bedrooms and seven bathrooms and is worth $100,000 per month. It also has a recording studio, a personal gym, and a pool, among many other amenities. And in 2019, it hit the market for $8.5 million.
The couple had also purchased a Beverly Hills mansion for $8.5 million. The property features a wine cellar and the iconic Martinique wallpaper by CW Stockwell. In 2021, they sold the property at a small loss, listing it for $7.955 million.
They also have a lakeside property in Ontario, Canada, that they purchased in 2018. The home has four bedrooms and six bathrooms. The $5 million home has its own movie theater and an abundance of fireplaces.
And lastly, there’s the couple’s Beverly Park Estate, which they purchased for nearly $26 million.
Business Ventures
As he was going towards the peak of his music career, Bieber strategically released his own fragrance. Needless to say, it was an instant success as fans were all over themselves trying to get a bottle of Someday for themselves.
Within a year after its launch, the superstar’s fragrance had already earned over $60 million in sales. Today, Bieber has seven different fragrances available in the market.
He also embarked on a business venture with Nicole by OPI, a leading brand of nail polish. He launched a collection named One Less Lonely Girl, named after one of his famous singles. It was sold out barely hours after it was released to the public. He had also launched his own line of clothing called Drew House which was instantly a hit as well.
Bieber also had a number of major endorsem*nts that earned him quite a bit as well. In 2012 he joined Venus Williams and Derrick Rose in an Adidas ad. In 2015, he was launched as the new face and body ofCalvin Klein. He also endorses huge companies like Best Buy, Elizabeth Arden, and Beats by Dre.
Very recently, Bieber reportedly sold his music rights for more than $200 million. He closed the deal with Hipgnosis Songs Capital, turning over the rights of his 290 songs to the song management company.
Personal Life
Justin Bieber’s first girlfriend was Caitlin Beadles. They dated from 2008 to 2009, when they were just 14 years old, and are still friends. She even attended Bieber’s wedding to his wife, Hailey Baldwin.
From 2010 to 2018, Bieber was in anon-and-off relationship with Selena Gomez. Bieber had made no secret of the fact that many of his songs during this period were dedicated to Gomez. In 2018, Bieber married model Hailey Baldwin, and they are still happily married to this day.
Justin Bieber’s Net Worth in 2023
Justin Bieber’s net worth in 2023 is estimated at $300 million. According to reports, the artist earns at around $60 to $80 million annually. Most of this comes from what he earns in the music industry. However, it also includes revenue from his merchandise.
Justin Bieber’’’s net worth today stands at approximately $300 million. It includes multimillion-dollar revenues from his earnings from his music career. Some of it is in the form of real estate assets, like his $25.8 million home in Beverly Hills.
