Net Worth: $115 million
Source of Wealth: music
Born: March 1, 1994 in London, Ontario, Canada
Justin Bieber became rich by being a professional singer. His career began in 2008 after he was discovered on YouTube by Scott Samuel “Scooter” Braun, a talent manager. Bieber signed with Raymond Braun Media Group (RBMG) in 2008, a record label/media company founded by Scooter Braun and artist Usher. He also signed a recording contract with Island Records offered by Antonio “L.A.” Reid.
How much money does Justin Bieber make?
Annual salary according to Forbes
2012: $60 million
2011: $55 million
As of 2012, Bieber has grossed $150 million and sold 15 million albums. His film, Justin Bieber: Never Say Never, made $30 million in it’s opening week and made $98 million at the box office in total. His women’s perfume, “Someday, launched June 2011 and earned $3 million in just three weeks at Macy’s. The perfume made $60 million in retail sales during its first six months on the market. Those income streams helped Bieber personally earn over $100 million from 2011 to 2012. His My World Tour from 2010 to 2011 made $53 million worldwide. All this before he turned 18 years old in March, 2012.
Bieber also launched a nail polish line with Nicole by OPI for Wal-Mart in 2010. One million bottles were sold in its first three months on the market.
He launched an autobiography called First Step 2 Forever: My Story in October 2010. The book was on the New York Times children’s bestseller list for 18 straight weeks.
Paid endorsements and sponsors
Bieber signed a two-year, $3 million deal in 2010 with Proactiv to endorse their acne products. He also had an endorsement deal with Best Buy.
Houses – Bieber has a $6.5 million mansion in Calabasas, California. He also has a $10.8 million in Hollywood Hills, california.
Cars – He has owned a 2012 Fisker Karma ($100,000 electric car), a Mercedes-Benz Sprinter, a Range Rover, and a Cadillac CTS-V.