“Pop Princess” Britney Spears’ $60 million fortune is running out. ttmd
Nearly 3 years since taking financial control, Britney Spears’ $60 million fortune is said to be gradually depleted because the beauty is not good at managing expenses. However, the possibility of “Pop Princess” going bankrupt is very low.
On November 12, 2021, Britney Spears reached the freedom she had craved for 13 years when a judge in Los Angeles ruled to end the conservatorship imposed on her since February 2008. In addition to restoring her autonomy, the female singer born in 1981 also has the right to self-determine the $60 million worth of assets she earned at the peak of her career.
However, two and a half years on, Page Six sources say the Baby One More Time singer is running out of money.
Britney Spears is said to not know how to control spending, leading to her $60 million fortune gradually drying up. Photo: IG.
“She has no concept of money. For more than a decade, others were responsible for managing her bank accounts, and every transaction had to be reported to the courts — even if it was just a pack of gum. But now she is alone,” said an informed person.
The second source added that people close to Britney are in a difficult position because they do not want to make the singer feel like she is being protected again by raising concerns about spending.
“Really hard. No one wants to be Jamie 2.0,” the source emphasized.
The owner of the hit Toxic has not released any albums since August 2016 and his last tour ended in October 2018. In January, she wrote on Instagram that she would never return to the music industry.
However, Britney has worked on two major projects since the conservatorship ended. The song Hold Me Closer , which she collaborated on in August 2022 with Elton John, reached the Top 10 on the Billboard Hot 100. The Woman In Me , a memoir released in October 2023, entered the best-seller list of New York Times.
According to Page Six , it’s time for Britney to recoup her $15 million publishing contract. According to reports, she received 25% of the net profits from book sales. In the US alone, The Woman In Me achieved sales of more than 2 million copies.
“She’s not broke. But she could definitely benefit from being more careful with her money,” the source said.
Britney spends a lot of money on traveling and renting a private jet. Photo: IG.
Most of Britney’s spending comes from frequent vacations to top tourist destinations like Maui, Hawaii and Cabo San Lucas, Mexico… She is said to spend hundreds of thousands of dollars in 2023 just on a trip to Polynesia belongs to France. She stays at the luxurious Brando resort, where room prices can reach up to 23,400 USD/night.
An insider said that taking private flights and booking 5-star villas causes assets to quickly deplete.
Another source agrees that Britney is not bankrupt but needs to be careful about traveling by private jet. According to aviation business company Clay Lacy Aviation, private jet rental prices can range from $3,000 to $185,000/hour depending on aircraft size and route.
