Justin Bieber and Ariana Grande are making ‘roughly $10million each’ from their manager Scooter Braun’s latest business move.
Scooter’s company Ithaca Holdings has been acquired by HYBE, the agency behind the K-pop phenomenon BTS.
And now $50million taken from the purchase price has been split among some of Scooter’s longtime employees and clients, according to Variety.
The clients and employees in question are those who have been involved with Scooter Braun Projects from its 2007 launch.
Scooter, himself, is getting 462,380 of the 863,209 new shares that were put out as part of the deal, each costing $186, as per the Korean regulatory filing cited by Variety.
Ariana and Justin are reportedly each being given $9,961,602 worth of shares – which is to say precisely 53,557 shares.
Other Scooter acts are also said to be making off well, including Demi Lovato who ‘got 5,355 shares with a monetary value of $996,030.’