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.

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.