The Real Reason Justin Timberlake's Net Worth Just Skyrocketed

May 2024 · 2 minute read

Justin Timberlake has said bye, bye, bye to something close to him — his collection of songs.

The Wall Street Journal reports that he is the latest pop star to have sold the rights to his song catalog, having inked a deal with a Blackstone-backed management company, Hipgnosis Song Management Ltd. Per the outlet, it's Blackstone's biggest music-rights acquisition to date, following deals with Kenny Chesney and Leonard Cohen's estate. The amount of the agreement hasn't been disclosed, but sources say Timberlake's catalog ended up being valued at over $100 million. This deal doesn't include future releases, but it includes the singer's greatest hits, including "Cry Me A River," "SexyBack," and some NSYNC tracks like "Pop" and "Girlfriend."

Timberlake is just the latest superstar to have sold their rights to their songs. Acts and artists like Fleetwood Mac, Neil Young, Shakira, and John Lennon have also done the same, per Rolling Stone. They have allowed these private firms to enjoy the benefits their songs could earn from royalties, brand deals, and more. There are multiple reasons as to why an artist chooses this route, including tax benefits. But for Timberlake, he appears happy with his decision. Per CNBC, he is "excited" about the deal. "I look forward to entering this next chapter," he said.

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