Justin Bieber's wife explained how she will manage $1 billion from the brand sale## Translation of technical terms in health

Singer Justin Bieber's wife, model and entrepreneur Hailey Bieber, in an interview with WSJ, revealed how she will manage the money received from selling her company Rhode.

In May, Hailey sold her cosmetic brand for 1 billion dollars, closing a deal with e.l.f. Beauty company. According to the agreement terms, she will receive 600 million dollars in cash, 200 million in shares, and another 200 million on the condition of brand sales growth during the next three years.

The model confessed that she intends to save the earned funds for the future of her son Jack Blues.

"I want to save this money for my son's future. This is an amount I haven't dealt with before, so I want to manage it wisely. I plan to invest it intelligently," Bieber shared.

Despite selling the brand, Hailey continues to take an active part in its development: she took the position of creative director and strategic consultant, and also heads the innovation department. The brand's co-founders Michael and Lauren Ratner also retained their leadership positions.