Justin Bieber Has Reportedly Suffered A $1.2M Loss From Bored A Ape NFT Investment

Justin Bieber's NFT investment has yielded a massive loss of over a million dollars. In January last year, the singer purchased a Bored Ape NFT for $1.3 million, which is now reportedly valued at $59,090.

Bieber also allegedly owns other NFT tokens, although it is still being determined what their current value is estimated to be.

For the past few years, he has been battling with Ramsay Hunt syndrome, which forced him to take a break from public performance and cancel his Justice World Tour.

Keep on reading to learn more.

Last year, Bieber bought a Bored Ape token for $1.3 million, joining the slew of celebrities who were looking to explore non-fungible tokens (NFTs) as a form of investment.

At the time, racking up NFTS, especially the Bored Ape Series, was a huge thing, and anyone who had one believed it was an asset that would yield a massive profit in the long run.

However, several months after Bieber made the purchase, the value of the token has dropped massively and is now reportedly worth a mere $59,090.

News of the NFT's current worth was reported by Marca.com. In the meantime, Bieber has yet to make any comment after the financial loss, as well as the current value of his other NFTs, which, when added together, cost the singer $2 million.

It comes after Bieber revealed on his Instagram page back in January 2022 that he had added a Bored Ape NFT to his collection of digital assets.

At the time, he shared a picture of the token alongside the lyrics to his hit single "Lonely" as a caption.

It read, "What if you had it all, but nobody to call, maybe then you'd know me. Cuz I've had everything but noones listening and that's just f*ckin lonely."

Bieber also reportedly paid 300 percent more than the token's market value, spurring online users to slam the singer for the outrageous purchase.

"Justin Bieber really paid 5x the Bored Ape floor price for an ape with no rare traits He just got finessed," commented one Twitter user, per Page Six.

"Next time you think you're down bad, just remember that .@justinbieber just bought a floor ape for 500 ETH," another user said.

Bieber has been keeping things low-key since he formally canceled his Justice World Tour sometime last September. The Canadian singer has been battling with Ramsay Hunt syndrome, a neurological disorder that causes its victims to suffer facial nerve paralysis.

"After resting and consulting with my doctors, family, and team, I went to Europe in an effort to continue with the tour," Bieber took to his Instagram Story to announce the decision at the time.

He added, "I performed six live shows, but it took a real toll on me. So I'm going to take a break from touring for the time being. I'm going to be OK."

Bieber, who first announced that he was diagnosed with the ailment in January 2020, then shared that he was taking the break to prioritize his health.

Last month, Bieber was seen enjoying a cute moment with his wife, Hailey, in a cooking video that the model uploaded on her TikTok.

The model, who wore a silky red button-down shirt, was recording herself rolling the dough and mixing ingredients in a bowl as part of the process of making cinnamon buns.

Bieber was then seen walking over to give Hailey a cute kiss on her neck, which made her grin widely.

Elsewhere in the video, Bieber recorded herself taking a bite of one of the cinnamon buns and a sip of an iced beverage from a cup.

She captioned the cute video, "Make my Sunday cinnamon rolls with me. My favorite thing I make. "