Justin Bieber is a best-selling Canadian pop artist. Justin Bieber was discovered in 2008 by American talent manager Scooter Braun, who came across Bieber’s videos on YouTube and later became his manager. Scooter Braun arranged for him to meet with entertainer Usher Raymond in Atlanta, Georgia, and Bieber was signed to Raymond Braun Media Group (RBMG), and then to an Island Records recording contract offered by record executive L.A. Reid.
Justin Bieber debut extended play, the seven-track My World, was released in November 2009, and was certified platinum in the United States. He became the first artist to have seven songs from a debut record to chart on the Billboard Hot 100. Bieber’s first full-length studio album, My World 2.0, was released in March 2010. It debuted at or near number-one in several countries and was certified platinum in the United States. It was preceded by the worldwide top-ten single “Baby”. He followed up the release of his debut album with his first headlining tour, the My World Tour, the remix albums My Worlds Acoustic and Never Say Never – The Remixes, and the 3D biopic-concert film Justin Bieber: Never Say Never. Bieber released his second studio album Under the Mistletoe in November 2011, when it debuted at number-one on the Billboard 200. Bieber released his third studio album Believe on June 19, 2012, and it became his fourth chart topper in the United States, debuting at number-one on the Billboard 200.
Bieber has received numerous awards, including both Artist of the Year Awards at the 2010 American Music Awards and the 2012 American Music Awards, and was nominated for Best New Artist and Best Pop Vocal Album at the 53rd Grammy Awards. With a global fan base, termed as “Beliebers”, and over 30 million followers on Twitter, he was named by Forbes magazine in 2012 as the third-most powerful celebrity in the world. He had earned an estimated US$55 million in the previous 12 months. As of May 2012, Bieber has sold 15 million albums.
Here’s Justin Bieber’s investments on businesses as reported by Forbes magazine:
Tinychat – This is a messaging platform. In January, he joined a $1.5 million financing round for this company with A-Grade, an investment fund run by actor Ashton Kutcher, Madonna’s manager Guy Oseary and billionaire Ron Burkle.
Stamped – This is a social curation app that allows users to rate various things like restaurants and music. He invested in this company in May by joining Google Ventures and Bain Capital.
Sojo Studios – This is a gaming outfit established in 2010. Bieber joined Ellen DeGeneres as an investor in this company. His favorite product is WeTopia, a free Facebook game similar to FarmVille, where players collect virtual points which can be redeemed as donations to real charities. According to Sojo Studios, it donates to charity half of the money it earns from advertising linked to its games. WeTopia earnings are donated to the following charities: Save the Children, BuildOn and the Children’s Health Fund.
Spotify – This is a disruptive music service founded by Daniel Ek. The founder recruited a number of recording artists to buy in the company while it established its credibility in the industry before it was launched in 2011. It is backed by everyone from Sean Parker to Li Ka-shing.
Viddy – This is a video-sharing app that has an interface similar to Instagram’s.
In addition to these business investments, the Justin Bieber fragrance Somebody debuted in June 2011 with $60 million in retail sales in its first six months on the market.
How Justin Beiber Made His Money – Music, fashion and other business ventures
Estimated Net Worth: $110 Million
Birthday: March 1, 1994