An independent audit showed that Bieber still owed Hybe $26 million for the cancellation and an additional $11 million in back commissions, of which the artist agreed to pay half — bringing the total to $31.5 million. It’s also reported that Scooter Braun will not receive any of this money personally, as he is no longer the CEO at Hybe.

In a statement shared with PEOPLE, a rep for Hailey Bieber says her $1 billion Rhode acquisition has nothing to do with her husband Justin Bieber's "business affairs" following his financial settlement with Scooter Braun.

On July 10, Hailey's husband, Justin Bieber, reportedly settled a financial dispute with his former manager, Scooter Braun. The "Peaches" singer reportedly agreed to pay $26 million to Scooter's company, HYBE, to reconcile money they paid to AEG for his canceled 2022 Justice tour, according to insider sources to People and TMZ.