Justin Bieber is Rich: So Why is He Still Renting? (Video)

Pop prince Justin Bieber is rich beyond imagination. But why is he still renting a home, instead of owning one? Bottom line: He spends money on clothes, lavish gifts for Selena Gomez, and hot cars. But he has yet to buy a home.

Recently, Bieber stopped by the Kyle and Jackie O Show and dished on the happenings in his life. He opened up to the Aussie radio show hosts about coping with fame, channeling David Beckham's hair, his Christmas album (Little Drummer Boy, Mistletoe), owning a Range Rover, and not having a home. Yikes!

In the audio interview, the host asks Justin Bieber if he has a car, or a "set of wheels," as he refers to it.

Bieb says he has a Range Rover (SUV), but has not went out and bought a "lot of cars yet," stating that he wants to focus on buying a home instead.

The host was taken aback at the response, obviously because the pop star, who is among the wealthiest entertainers in the game is not a homeowner.

"So you're a renter? Young guy, rich, got everything, and still renting," the host responded. JB agreed.

To Justin Bieber's credit, he sounds like a young man who has his head screwed on tight. Undoubtedly, he has a team of financial planners, including his mom and pop in his corner giving him guidance.

He's only 17, but in a few months, (March 1), he will hit a milestone at 18. Maybe then it will be time to get a crib of his own, or with his girlfriend Selena Gomez.

Check out the audio interview on YouTube after the jump.