Justin Bieber and Scooter Braun have reached a settlement following a financial dispute. Another insider tells PEOPLE that Bieber will also pay an additional $5.5 million, which covers half of $11 million in unpaid commissions he owed Braun, 44, totaling a cool $31.5 million.

Generally well-received, Swag has been praised by listeners as “ mature ” and “ authentic ,” with one fan account calling the album his “declaration of independence.” Bieber’s label, Def Jam, announced on Saturday that the album had reached the top spot on both the global and U.S. Apple Music and Spotify album charts.