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.

An independent audit showed that Bieber still owed Hybe $26 million for the cancellation and an additional $11 million in back commissions, of which the artist agreed to pay half — bringing the total to $31.5 million. It’s also reported that Scooter Braun will not receive any of this money personally, as he is no longer the CEO at Hybe.

Hailey Bieber's business is standing on its own regardless of speculation on the future of her $1 billion Rhode deal. On July 10, Hailey's husband, Justin Bieber, reportedly settled a financial dispute with his former manager,