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 just shut down reports that Justin Bieber is waiting for the sale of Rhode to go through before paying Scooter Braun $31 million. TMZ originally reported that Justin "will not have to ante up until money from the sale of his wife's Rhode beauty company hits their bank account" and that it's a "key provision" in his and Scooter's settlement.

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

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