In a statement shared with PEOPLE, a rep for Hailey Bieber says her $1 billion Rhode acquisition has nothing to do with her husband Justin Bieber's "business affairs" following his financial settlement with Scooter Braun.

Justin Bieber is reportedly depending on his wife, Hailey Bieber, to pay his $31 million settlement with Scooter Braun. A source told TMZ on Thursday that a term within the settlement specifies that Justin won’t have to pay his former manager until Hailey’s Rhode $1 billion deal with e.l.f. Cosmetics hits their bank account.

Hailey Bieber denies reports of using her $1 billion Rhode sale to pay off Justin Bieber and Scooter Braun's financial settlement

The singer and his wife gave fans a glimpse of their romantic boat ride along the serene Italian coast, offering a rare look into their relationship following months of speculation

Hailey Bieber is denying claims that her husband, Justin Bieber, is relying on the sale of her beauty company to settle his multimillion-dollar debts.

Justin, Hailey, and their son, Jack Bieber, have been spending time in Europe as the family celebrates the release of his new album "Swag." See the photos.