Did Justin Bieber Refuse to Pay USD 31 Million to Scooter Braun Because of Hailey Bieber? Reason Revealed
Sources claimed that the singer is waiting for the latter's Rhode deal to hit the bank, and following the amount being credited, he will clear off the debts.
On July 10, it was reported that the Baby singer had agreed to pay Braun 31 million USD after an audit claimed that the musician owed him millions.
Justin Bieber and Scooter Braun's multimillion-dollar deal
According to the source close to the SWAG crooner, Bieber had borrowed a loan from Scooter Braun after he went into debt due to the cancelation of the 2022 Justice Tour. As per the reports, the musician suffered from Ramsay Hunt syndrome, and the cancelation of the performances cost him USD 26 million.
At the time, Braun 'stepped in to help' and paid the singer 26 million through his company, HYBE. Moreover, Scooter also had over 11 million unpaid commissions, half of which Justin will have to pay.
Meanwhile, Bieber's settlement of the debt with Braun came from Hailey's USD 1 billion deal with the company e.l.f., which the runway model reached in May.
Taking to her Instagram account, the businesswoman announced that she sold her beauty brand, Rhode, to e.l.f. In the caption she mentioned, 'When I launched @rhode in 2022, I always had big dreams for the company, and the most important thing to me is to keep bringing rhode to more spaces, places, and faces globally.'
Before her announcement, an insider revealed that the mom of one was the sole breadwinner of the house. Opening up about Bieber's financial conditions, a source revealed, 'He'll spend $300,000 at the Nobu at Coachella. He hasn't worked in a really long time.'
As for the money matters of the musician, it was out in the public domain a few months before he released his new album, SWAG.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
6 hours ago
- Mint
HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads
New Delhi, Aug 2 (PTI) HCLTech CEO C Vijayakumar earned USD 10.85 million (about ₹ 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about ₹ 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was ₹ 26.52 crore, while Infosys CEO Salil Parekh earned ₹ 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about ₹ 53.64 crore) and Tech Mahindra CEO Mohit Joshi ( ₹ 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Vijayakumar, who took over as the CEO in 2016, is based in the US and draws his remuneration from HCL America Inc., the firm's wholly-owned US subsidiary. "Under C. Vijayakumar's leadership, HCLTech's market capitalisation has increased from ₹ 1,15,000 crore on March 31, 2016, to ₹ 4,32,000 crore on March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times," the company said. The company's board has approved a revised remuneration package for Vijayakumar, effective April 1, 2025. The proposed annual salary is set at USD 18.6 million, marking a 71 per cent increase from his FY25 earnings. The proposed structure significantly increases both fixed and performance-linked components. "The revised compensation acknowledges C Vijayakumar's successful and long-tenured leadership as CEO, recognising his significant contributions to the company's growth and sustained performance over the years," the report said. HCL Technologies posted a 9.7 per cent drop to ₹ 3,843 crore in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal to 3-5 per cent (from 2-5 per cent earlier) on booking expectations in coming quarters. Shares of HCLTech settled 0.98 per cent lower at ₹ 1,452.95 apiece on the BSE on Friday.
News18
6 hours ago
- News18
HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads
Agency: New Delhi, Aug 2 (PTI) HCLTech CEO C Vijayakumar earned USD 10.85 million (about Rs 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about Rs 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was Rs 26.52 crore, while Infosys CEO Salil Parekh earned Rs 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about Rs 53.64 crore) and Tech Mahindra CEO Mohit Joshi (Rs 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Vijayakumar, who took over as the CEO in 2016, is based in the US and draws his remuneration from HCL America Inc., the firm's wholly-owned US subsidiary. 'Under C. Vijayakumar's leadership, HCLTech's market capitalisation has increased from Rs 1,15,000 crore on March 31, 2016, to Rs 4,32,000 crore on March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times," the company said. The company's board has approved a revised remuneration package for Vijayakumar, effective April 1, 2025. The proposed annual salary is set at USD 18.6 million, marking a 71 per cent increase from his FY25 earnings. The proposed structure significantly increases both fixed and performance-linked components. 'The revised compensation acknowledges C Vijayakumar's successful and long-tenured leadership as CEO, recognising his significant contributions to the company's growth and sustained performance over the years," the report said. HCL Technologies posted a 9.7 per cent drop to Rs 3,843 crore in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal to 3-5 per cent (from 2-5 per cent earlier) on booking expectations in coming quarters. Shares of HCLTech settled 0.98 per cent lower at Rs 1,452.95 apiece on the BSE on Friday. PTI ANK RHL RHL view comments First Published: August 03, 2025, 01:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Pink Villa
8 hours ago
- Pink Villa
Saiyaara 3rd Saturday India Box Office: Ahaan Panday and Aneet Padda starrer grows by good 45 percent; Adds STRONG Rs 7 crore
Saiyaara, directed by Mohit Suri and starring Ahaan Panday and Aneet Padda among others, grew well on 3rd Saturday at the Indian box office. After a good Rs 4.75 crore net on 3rd Friday, the movie grew by a healthy 45-50 percent to net Rs 7 crore. The total collections of the movie have gone past Rs 290 crore and on 3rd Monday, it will be a part of the glorious Rs 300 crore club. The film will go over Rs 325 crore and end its run in the Rs 335 crore vicinity, which is spectacular. The Day Wise India Net Collections Of Saiyaara Are As Under Particulars India Net Collections Week 1 Rs 173.75 crore Week 2 Rs 106.25 crore 3rd Friday Rs 4.75 crore 3rd Saturday Rs 7 crore Total Rs 291.75 crore in 16 days Saiyaara, Despite An Excellent Rs 7 Crore 3rd Saturday, Won't Breach The Number That The Trade Expected It To Reach At one point, Saiyaara looked to enter the Rs 400 crore India net club. However, the film's collections got impacted by the growing hype around Mahavatar Narsimha. The effects were felt over the 2nd weekend. In its 3rd weekend, Saiyaara has become the 3rd most preferred movie option for Hindi moviegoers, after Mahavatar Narsimha and Son Of Sardaar 2. Saiyaara Is A 1 Horse Race Internationally The case is completely different internationally as Saiyaara continues to go strong. In UK, it is having a kind of run that has not been seen in ages for a mid-sized Indian film. A USD 15 million overseas finish is a foregone conclusion for the Mohit Suri directorial and it is now to be seen if the movie can break into the USD 20 million club or not. The global collections may not breach Rs 600 crore gross but they will comfortably be over Rs 550 crore. Saiyaara In Theatres Saiyaara has shattered many myths. A film doesn't have to star big names or be part of a big IP to rake big numbers. If the audience accepts your film, it can take you to the sky. Saiyaara plays in theatres now. Stay tuned to Pinkvilla for more updates.
