Justin Bieber has been blowing up headlines in recent weeks with a DUI case in Miami and assault charge in Canada, but now it seems the pop star is losing control over something else: his money.
“He’s blowing through $1 million a month,” a source told the New York Post. “The guys handling his investments at Mellon Bank complain that there is nothing left for them to invest.”
A friend of Mr. Bieber’s told the Daily Mail that he spends nearly $8,000 a week on marijuana. He also has a large entourage, some of whom live and travel with him.
In 2011, Mr. Bieber rented out the Staples Center in Los Angeles so he and then-girlfriend Selena Gomez could watch “Titanic” alone, the Post reported.
But that was the year his 3-D concert film “Never Say Never” raked in $73 million. His latest movie, “Believe,” has so far only brought in $6 million, the report said.