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.

Hailey Bieber's rep responded to a report that Justin Bieber is using money from the sale of Rhode to pay back Scooter Braun.

Justin Bieber is leaning on his wife Hailey Bieber to clear his debts with former manager Scooter Braun. The singer has reportedly put his $31.5 million settlement with Braun and his former company, HYBE Corporation,