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.

Hailey Bieber just sold Rhode to E.L.F. Beauty for $1 billion, and reps say it has nothing to do with Justin’s $31M Scooter Braun settlement. While she calls it a power move, fans are split on whether selling was the right call.

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.