Hailey Bieber is opening up about what she plans on doing with the money she earned after selling her skincare company Rhode .

Back in May, it was announced that the 28-year-old model sold her popular beauty brand to Elf Cosmetics in a $1 billion deal .

In a new interview, Hailey revealed what she plans on doing with the money she made in the massive deal.

Hailey told WSJ. Magazine that she will be keeping the money safe for her and husband Justin Bieber ‘s 14-month-old son Jack to have one day.

“I want to preserve that for my son’s future,” Hailey shared. “It’s an amount of money that I have not dealt with before, so I just want to be smart with it.”

In the deal, Hailey split $800 million in cash and stock with Rhode CEO Nick Vlahos , as well as her c

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