Which Billboard Music Awards 2013 ‘Top Artist’ Nominee Is Likely to Go Broke?

With the Billboard Music Awards 2013 on Sunday, May 19, personal finance site investigates the net worth and money management habits of “Top Artist” nominees like Justin Bieber and Rihanna to find who’s headed for financial troubles.

EL SEGUNDO, CA (May 18, 2013) Billboard Music Awards 2013 is expected to be one of the best yet, with top artists from around the globe coming together to be honored for their hit music and to showcase their amazing performances.

Justin Bieber, Rihanna, Taylor Swift, Maroon 5 and One Direction are artists nominated in the Top Artist category at this year’s award show. There’s no doubt that these artists are more than gifted at entertaining a crowd.

But with many celebs finding it difficult to manage the millions they earn during their periods of success, which of the Top Artist nominees is most likely to land at the bottom of the list when it comes to successfully managing their bank accounts?

Superstars Prepare to Dazzle at Billboard Music Awards 2013

The Billboard Music Awards, set for broadcast on ABC on Sunday, May 19, is among the top American music awards shows. The show’s popularity may have something to do with the respect Billboard itself merits.

Since 1894, Billboard has served as one of the most trusted and respected barometers for top songs and artists. Earning the number one spot on a Billboard chart is like winning an Olympic medal (for one week, at least).

The Billboard Music Awards, which got its start over two decades ago, is also highly respected, largely because it determines nominations by U.S. year-end chart performance, as opposed to highest votes received.

This year’s award show is expected to be a showstopper. Not only are Bruno Mars, Nicki Minaj, Lil Wayne, Selena Gomez and Kacey Musgraves set to perform, but living legends, Madonna and Prince will be honored with the Top Touring Artist Award and Icon Award, respectively.

Can Billboard Music Award ‘Top Artist’ Nominees Manage Their Money?

We know that the artists who have received Billboard Music Awards nominations are great at keeping us entertained. Justin Bieber, Taylor Swift, Rihanna, Maroon 5 and One Direction in particular have been nominated for the coveted Top Artist award thanks to their chart-topping abilities.

But with uber-talented artists like Lauryn Hill struggling to keep money in their bank accounts, could these Top Artists struggle as well? Let’s take a look at their financial track records to see which is most likely to go broke in the future.

Justin Bieber

Justin Bieber is a young man on the move. He is currently one of the most successful pop stars in the world and has the earnings to prove it. Many estimate Justin Bieber net worth at approximately $110 million.

For some time, he’s been known to make some pretty wise financial decisions. For a while, he drove around in an inexpensive black Smart Car that he affectionately labeled “Swag Car.” Even when he did drive a more expensive vehicle, Justin Bieber’s Fisker Karma was a gas-saving hybrid sports vehicle.

Bieber has also invested in tech companies to grow his savings and took part in financial literacy education through a prepaid debit card he endorsed.

But as of late, it seems Bieber’s financial choices have been a bit riskier. In February 2013, he reportedly dropped $3,000 in one hour shopping at Acne Studios in London. The next month, he spent $20,000 on his own circus-themed birthday bash.

To be fair, the cash he’s dishing out is just a drop in the bucket compared to his earnings, leaving no real proof that he’s on a collision course with financial disaster.

Continue reading the original article here.

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