Hailey Bieber shared an emotional post while celebrating her son Jack Blues Bieber turning 11 months ol. "Excuse me while I cry a lot today thinking about my baby turning 1 next month," she wrote of her son with husband Justin Bieber.

Hailey Bieber's rep shut down rumors that her husband Justin Bieber needed the money that the model made from her $1 billion Rhode Skin deal to pay off his debt to his former manager Scooter Braun.

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,

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.

Prior to the Rhode Skin founder's clarification, reports circulated that Justin—who shares son Jack Blues Bieber, 11 months, with Hailey—didn't have the money to pay Scooter the $31.5 million they reportedly agreed upon to make up for unpaid commissions and an owed advance that resulted from him canceling his 2022 Justice tour.

Hailey Bieber and Justin Bieber are supportive of each other's respective ventures, including their footwear endeavors. The Rhode founder rounded out an athleisure look in Los Angeles on Wednesday with a pair of slippers from her husband's mysterious Skylrk brand, giving the shoes her style stamp.

Hailey Bieber offered her hot take on the butter yellow trend, calling the shade "played out." "It's not butter yellow because it's LEMON," the Rhode founder wrote in response to comments about her brand's latest lip launch.

Hailey Bieber was seen in LA wearing a sheer top and tiny short-shorts, as well as pistachio green mules straight from her husband’s new brand, Skylrk.