Swag doesn’t come cheap. Star hears that 19-year-old Justin Bieber is a certified shopaholic, whose over-the-top retail habit is making his management team nervous.
Sources say the Biebs is blowing through cash at an alarming rate, spending more than $50,000 a week on designer clothes, hotel-room parties and gifts for his friends.
“Justin has a black AmEx with no credit limit,” the friend says, revealing that if the pop star finds something he likes, such as a pair of jeans, he’ll buy a dozen. “He has an addictive personality, and shopping is just one of his fixations.”
Justin’s mom is also trying to curb her son’s spending habits, but so far he’s not listening. “Justin is an adult, and he doesn’t need her permission to spend his money,” the insider explains. “The word ‘budget’ just isn’t in his vocabulary.” Hmm… is “bankruptcy”?