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Hailey Bieber is setting the record straight about her billion-dollar Rhode beauty brand sale. This comes amid wild rumors tying the sale to her husband Justin Biebers alleged financial drama with Scooter Braun. Reports claimed Justin was waiting on Haileys massive deal to settle a hefty debt. However, Mrs. Bieber has responded, saying her business moves are all her own.
Hailey is not here for the gossip! On Friday, July 18, the 28-year-old moguls team shut down rumors that her Rhode beauty brands billion-dollar sale was being used to bail out her hubbys alleged debt to Scooters company, Hybe.
“The historic sale of Rhode is a huge accomplishment for Hailey and is completely separate from her husband and his business affairs,” her rep told Us Weekly with the quickness.
The statement comes after TMZ alleged in an article published on Thursday that Justin was holding off on paying Scooter. Why? Apparently, he wanted to wait until Haileys Rhode deal was finalized. Sources alleged that Justin is an investor in Rhode, and the sale could net him about $50 million, which is more than enough to clear his tab with Scooter, allegedly. But Haileys camp is making it crystal clear: her coins are her coins, and theyre not being used to clean up anybody elses financial issues.
According to TMZ, an independent audit revealed that Justin allegedly owed Scooters company, Hybe, $26 million. This came after Hybe reportedly bailed him out when he canceled his Justice tour, footing the bill for promoter AEG. Thats not all, though. Justin allegedly owed Scooter $11 million in back commissions for past work. There was also talk of an additional $8 million in other commissions, but Scooter supposedly waived that amount.
Justin reportedly agreed to pay back $26 million plus half of the commission debt, bringing the total to about $31.5 million. Sources claimed there was one major catch in the settlement: Justin wasnt going to cough up a dime until Haileys Rhode deal was allegedly signed and funded.
Haileys Rhode empire made headlines back in May when she sold the brand to e.l.f Beauty for a staggering $1 billion, per Forbes. The deal broke down as follows: $600 million in cash and $200 million in e.l.f Beauty shares, and a potential extra $200 million if Rhode hits its three-year growth goals. Even after the sale, Haileys staying in the drivers seat as Rhodes chief creative officer and head of innovation. This suggests shell continue to play a huge part in the brands direction. The sale was a major flex for Hailey, who built Rhode into a skincare and beauty powerhouse from the ground up.
