Wealthy is when you have enough money to take care of your children who don't even exist yet-and their children. 'I always tell him, 'being rich is not good enough, you want to be wealthy.

'Now it's just playing for legacy and making sure he's protected,' says Braun. He asks a lot of the right questions and we make sure he's extremely well educated so he never has any doubt what's going on.'Д«ut Ducatis and mansions aside, Braun is training Bieber to think big picture.Д«raun is working to make Bieber wealthy, not rich, explaining 'Wealthy is when you have enough money to take care of your children who don't even exist yet.' He's a really smart kid, he's very aware. And through education there is no fear,' explains Braun.

Once a week I make him spend an hour with his business manager or his lawyer because my whole thing is, the only way this is all going to fall apart is if people allow fear into his life. 'We set up a trust with a board of advisors and basically created an element where the amount of money he's made at this point, he would have to be a complete idiot to go broke if he doesn't invest wisely,' says Braun bluntly.ДЄfter the financial bootcamp he is being put through, it's doubtful Bieber, unlike most child stars, will lose what he has earned as a minor. 'We have a business manager, we have two portfolio managers, we have a lawyer, his mom, myself,' Braun explained to Business Insider after accepting an award for breaking the music industry mold at the Tribeca Disruptive Innovation Awards ceremony in New York on Friday. The Bieber TrustSince Bieber was still a minor when he started to earn the big bucks, Braun put in place a system of checks and balances for the teen. Braun with Bieber at the Distruptive Innovation Awards last week, where they were both recognized for breaking the music industry mold.ДЄs the oft-told story goes, in 2008 Braun tracked down Bieber after seeing his online videos and realizing the kid with the voice and the hair had 'it.' The rest is teen pop history.ДЇast-forward four years and Braun, now 30, is still managing Bieber from clarifying he is not engaged to girlfriend Selena Gomez to helping the superstar manage his new fortune.

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