Justin Bieber bids adieu to his business manager Lou Taylor as he hires financial advisor of Johnny Depp

The transition to White was described as smooth and mutually beneficial. (Image via X)

Canadian pop star, Justin Bieber recently overhauled his financial management team, parting ways with longtime business manager Lou Taylor and bringing on Edward White, a renowned financial advisor noted for his work with Johnny Depp, according to PEOPLE.

The departure from Taylor, who oversaw Bieber's enterprises through her company, Tri Star Sports and Entertainment Group, was reportedly amicable and mutually agreed upon. Scooter Braun, Bieber's longstanding manager, remains unaffected by this shift.

"They parted ways a few weeks ago in May," a source says of Bieber and Taylor. "It was a mutual and seamless transition. It wasn't a fit anymore."

Edward White, Bieber's new financial advisor, boasts an impressive portfolio, representing notable clients such as Jack Nicholson and the estates of Lena Horne and Vin Scully. He has been working with Johnny Depp since 2016 and even testified in Depp's defamation case against Amber Heard.

This change follows Bieber's significant decision to sell his extensive music catalog to Hipgnosis Songs Capital in 2023 for over $200 million.

The transition to White was described as smooth and mutually beneficial. Sources indicate the change was due to the evolving needs of Bieber's business, which Taylor's firm could no longer adequately meet.

Despite ending his business relationship with Taylor, Justin Bieber continues his collaboration with Scooter Braun, dismissing earlier speculations of a split. As per the source, "[Bieber's] still in a contract and won't be out of it for a long time.”

Another major star rumored to be leaving Braun's management is also continuing to work with him, highlighting Braun's enduring influence in managing high-profile celebrities.

These adjustments in Justin Bieber's team reflect his intent to realign his professional support to better match his current and future aspirations. This strategic move comes as fans eagerly await new music from Bieber, who has been relatively quiet recently. Bringing Edward White on board suggests a deliberate choice to work with a trusted advisor experienced in managing the finances of prominent figures like Johnny Depp.