Justin Bieber "blows through $1 million a month"

[Nye Bevan]

Justin Bieber — busted last week in Miami for drag-racing in a rented Lamborghini — better slow down .?.?. his spending. “He’s 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.”

That’s saying something for a star who was ranked No. 27 in the earnings category of Forbes magazines’s 2013 list of the world’s most powerful celebs. Bieber’s reported haul for the year was $58 million.

As for where the money’s 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.

[dawg]

1. Sigh.

People get such chances in life, and invariably they blow them.

[The2ndWheel]

2. Spending money, helping the economy

A true job creator.

[Fumesucker]

3. Exactly , in both the public and the private sectors

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]

4. Can't wait to see his Behind the Music episode.

[sakabatou]

20. I thought MTV stopped doing that after they stopped being a music channel

[ailsagirl]

31. I thought the BTM edisodes were on VH1?

Or maybe they moved over from MTV to VH1.

Those were pretty good-- esp. the one about Selena (though really sad)

[sakabatou]

41. No idea if it was on VH1

[snooper2]

5. Don't worry, he's going to "find jesabus" again within 12 months

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]

6. He can do a video with Miley Cyrus and call it the Twerk and the Jerk.

[Coyotl]

7. UP IN SMOKE = "Bieber spends $8,000 a week on marijuana"

[Mike Daniels]

8. Working his way to a Lohanesque fall from grace

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]

9. Stop! Hammertime.

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]

10. Even with a posse, how the fuck do you spend $1 million per month?

[UncleMuscles]

11. Cocaine?

[Fumesucker]

12. The standard answer would be hookers n' blow

[great white snark]

13. Those frustratingly addictive claw machines?

I want that blue bunny dammit!

[Retrograde]

23. If DU wants to underwrite the experiment I'll try

$12M/year: a challenge, but a couple of apartments in expensive cities, with some over-inflated art to hang in them, and the staff to maintain them - it adds up quickly even without the hookers and blow!

Actually, I'd invest more wisely in a few carefully selected politicians to make sure I get some long-term returns.

[clarice]

24. Live in Connecticut.....just sayin'.nT

[LittleBlue]

14. He'll end up like Vanilla Ice

Broke and on some reality TV show.

[Mojo Electro]

15. Vanilla Ice isn't broke.

He's doing pretty good. Bieber will likely end up way worse off than him.

[LittleBlue]

39. Didn't realize he had any money

Last saw him on a reality TV show where he lived in a house with Ron Jeremy and a few other "celebrities".

[Mojo Electro]

40. Yeah he faded for a while

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]

30. Leif Garrett is a better comparison

[joeybee12]

16. "blows" is an appropriate term...

Considering where a big chunk probably goes.

[TBF]

17. So, wonder which rehab he'll land in -

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]

18. Canadians gone bad.

Where's the video?

[closeupready]

19. Waste of time, that one. Complete.

[Barack_America]

21. This will not end well.

[dionysus]

22. couldn't happen to a bigger douchebag. nt

[Earth_First]

25. "Forbes magazines’s 2013 list of the world’s most powerful celebs..."

Oh please.

[polly7]

26. His father left when he was 10 months old, and as far as I know

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]

34. Compassion. I like it. nt.

[laundry_queen]

35. Yep.

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]

27. At that rate, he'll be wiped out in about 13 years.

Does anybody really think we'll still be talking about him in 2027?

[frwrfpos]

28. 1 mil a month?

cokehead

[hrmjustin]

29. A train wreck that his parents are allowing.

[lpbk2713]

32. And Sinatra says ...

http://www.youtube.com/watch?feature=player_detailpage&v=OfkcUqZMZ94#t=16

[NCTraveler]

33. What am I missing.

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]

42. His entire gross was 58 mil. If he actually gets to keep 30% of that after paying all expenses,

I'd be surprised.

Add in a profligate lifestyle, and pretty soon your expenses outstrip your income.

[Auntie Bush]

36. I wouldn't even want to spend my life like that.

I prefer my poor, boring, sedate life.

[flamingdem]

37. We need him in the USA, he stimuates the economy!!

[Iggo]

38. Fuck yeah!

That dude knows how to live!!!