After 23 years, Braun announced the end of his management career. He described himself as "a father first, a CEO second, and a manager no more."
Nearly one year after Bieber, Lovato, Grande, and more severed ties with Braun, the mogul said his time as a manager had come to an end.
Instead, Braun will focus on his role as the CEO of Hybe America — the entertainment group that reps K-pop acts like BTS, Seventeen, NewJeans, and more — and on raising his three children, whom he shares with his ex-wife Yael Cohen.
In a nearly 1,400-word statement posted on Instagram, Braun paid tribute to the many clients he shepherded over the years — even alluding to their widely reported mass exodus, which he'd previously only joked about online.
"It's a strange feeling because I think I have wanted this for a while, but I was truly afraid to answer the question 'who would I be without them?'" Braun wrote. "I was really just 19 years old when I started. So for my entire adult life I played the role of an artist manager on call 24 hours a day, 7 days a week. And for 20 years I loved it."
"But as my children got older, and my personal life took some hits, I came to the realization that my kids were 3 superstars I wasn't willing to lose," he continued. "The sacrifices I was once willing to make I could no longer justify."
Braun said his plan to transition out of management was solidified last summer, when one of his "biggest clients" decided to "spread their wings and go in a new direction."
"We had been through so much together over the last decade, but instead of being hurt I saw it as a sign," Braun said, declining to identify the client in question. He added, "I always tried to take the high road."