What is Britney Spears’ net worth? That’s a question that’s been asked for years since a conservatorship was created for her estate in 2008. Now, amid drama with her dad and the #FreeBritney movement, more and more fans have questions about how much the pop star is worth and why she still doesn’t have control over her own income.
Britney became a household name in the music world in 1998 when she debuted with her first single, “…Baby One More Time,” at 16 years old. The song shot to number one on the Billboard charts, and it didn’t take long before Britney was crowned as the new Princess of Pop. In the 10 years after her debut, Britney went on to have success with songs like “Toxic” and “Oop!… I Did It Again.” She won a Grammy and was one of the well-known pop stars in the world at that time. Then, everything changed in 2007. Six months after she had finalized her divorce from her then-husband Kevin Federline (with whom shares two sons, Sean and Jayden), Britney was admitted into a drug rehabilitation center. The next day, she was photographed shaving her head with electric clippers and admitted herself into several other treatment facilities.
In January 2008, Britney was hospitalized after police arrived at her home and claimed that she had been under the influence of an unidentified substance. Federline was given sole custody her children, and she was later admitted to a psychiatric ward under a 5150 involuntary psychiatric hold. That’s when California court placed her under a conservatorship of her father, Jamie Spears, and her attorney, which gave them full control over her assets.
Though she went on to make a comeback with songs like “Hold It Against Me” and “3” years later, there still remains a lot of questions about Britney Spears’ net worth and her conservatorship. We try to answer those questions ahead.
What is Britney Spears’ conservatorship?
Source: Instagram
Britney Spears’ conservatorship was created in February 2008 to protect her estate and the financial future of her children. Britney’s father, Jamie Spears, and her attorney, Andrew Wallet, were assigned as her co-conservators. In March 2019, Wallet resigned as Britney’s co-conservator, leaving Jamie as the sole conservator over Britney’s estate. A conservatorship is known as a legal guardianship and is granted to those who are incapable of making decisions, such as someone with a mental disability or dementia. As her conservator, Jamie has full control over Britney’s financial and personal decisions. He has access to her medical records and can limit visitors for her. He also has oversight over her estate, which includes negotiating opportunities and managing her financial assets. (Wallet previously had control over the financial side of Britney’s life before he resigned.)
Though the exact details around her conservatorship aren’t known, Britney’s financial decisions must be documented in court reords. Court documents obtained by Entertainment Tonight in 2019 revealed that Britney spent $400,000 on living expenses in 2018, which included $66,000 on household supplies and $70,000 in travel. Britney’s largest expense in 2018 were her legal and conservatorship fees, which amounted to $1.1 million. Jamie received $128,000 as Britney’s conservator in 2018.
In September 2019, Jamie temporarily relinquished his role as Britney’s conservator after her ex-husband, Kevin Federline, obtained a restraining order against him following an alleged physical altercation between Jamie and Sean Preston, Britney and Federline’s eldest son. Britney’s care manager, Jodi Montgomery, was assigned as her temporary conservator. Around this time, Britney also received 30/70 joint custody with Federline. In August 2020, Britney requested to permanently remove her father as her conservator. A day later, Jamie requested that Wallet serve as a conservator alongside him, which was approved. That same month, Britney’s younger sister, Jamie Lynn Spears, was also named as the trustee of her estate, which means that Jamie Lynn would inherit Britney’s fortune if the “Toxic”s singer dies.
What is Britney Spears’ net worth?
Source: Instagram
According to court documents obtained by Entertainment Tonight in 2019, Britney Spears’ net worth by the end of 2018 amounted to $59,079,755.76, which was $2.5 million more than how much her estate was worth in April 2018. In 2018, Forbes reported that Britney earned $30 million that year. Much of her income in 2018 came from music sales, her Las Vegas residency, “Britney: Piece of Me,” which ran from December 2013 to 2017, as well as her successful perfumes, including Fantasy and Curious. The Hollywood Reporter reported in 2013 that Britney earned $30 million that year in perfume sales alone. As for her Las Vegas show, Forbes reported in 2017 that Britney grossed more than $103 million across less than 250 shows. On the TV side, The Wrap reported in 2012 that Britney was paid $15 million for her role as a judge on FOX’s The X Factor.
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