Britney Spears Net Worth
Top of the list of questions fans want to know about their favorite celebrities is their net worth. For a star like Britney Spears who once had her estate and overall life held in conservatorship, a lot of curiosity is stirred surrounding her net worth before and after this conservatorship.
Britney Spears is an American singer who rose to fame in the music industry when she released her first single, “Baby One More Time,” at the age of 16 in 1998. The song quickly rose to the top of the Billboard charts, and Britney was dubbed the “New Princess of Pop” in no time. “Toxic” and “Oops! I Did It Again” are two of her other famous. She began doing drugs after her divorce from Kevin Federline in 2007, and her husband eventually got full custody of their two sons, Sean and Jayden.
She later bounced back from all her trauma with the song, “Hold It Against Me” but fans remained curious as to what her net worth is owing to all the chaos, especially on the conservatorship of her estate up until November 2021.
Why Is Britney Spears Net Worth So Low?
For a top-performing artist who has once won a Grammy and who has an estate, it creates a low of curiosity in the minds of fans to find that she is only worth $60 million even though the conservatorship over her life is over. Not forgetting that it was not quite long before she gained full ownership of the estate and that was in November 2021. All this while, her lawyer Andrew Wallet and her father Jamie Spears had been in charge of it.
Forbes has speculated that Britney’s father Jamie didn’t manage her money well; the fact that she doesn’t work as much as she used to, of course, doesn’t help. In 2015, she quit performing television ads. Spears hasn’t released any new songs since 2016, and she hasn’t toured since then.
Even after conservatorship, her assets would be higher if she hadn’t been forced to incur so many legal fees throughout her conservatorship battle. She was giving out more money than she was earning from her estates and perfume business, this is one of the major reasons her net worth is low for a celebrity of her type.
Can Britney Spears Get Out of Her Conservatorship?
Britney has fought to remove her father, Jamie Spears, from his conservator role since as early as 2014. Both Britney and her mother, Lynne Spears, have separately alleged that Jamie has a drinking problem and a history of abuse and was therefore not fit as a conversator.
The conservatorship was meant to be temporary but was later made long-term in October 2008 after Los Angeles Superior Court Commissioner Riva Goetz granted Jamie and Wallet the request. To have her rights returned to her, Britney had to prove to the court that she has the “capacity” to handle her own life, health, and financial choices. This included filing a petition through her court-appointed attorney, Sam Ingham, to terminate the conservatorship. In this petition, she offered background information and evidence for how she has benefitted, what has changed in her life since the arrangement was first reached, and why it is no longer needed.
Britney has expressed a desire to marry boyfriend Sam Asghari, which serves as further impetus to remove herself from the legal arrangement since the conservatorship prevents her from entering into contracts.
Britney Spears got freed from her conservatorship after a judge ruled in favor of termination on Friday, November 12, 2021; ending the 13-year arrangement that has legally denied her the right to make decisions governing her personal life and her finances. The hearing lasted only 31 minutes. Britney Spears did not appear on the phone or in a video. Her lawyer, Mathew Rosengart, highlighted her words from a prior hearing in June, in which she asked for the conservatorship to be terminated without a mental health evaluation.
It was a victory for all her fans who engaged actively in the #FreeBritney campaign. The superstar took to her Twitter handle to appreciate her fans.
How Much Does Britney Spears Dad Get Paid?
Before taxes since February 2008, Jamie Spears earned not less than $5 million. Since at least February 2009 Britney Spears has paid him $16,000 each month. That has accumulated as $2.4 million over 12 years after the taxes only.
He has generated other income from her, that was separated from the conservatorship. He made a minimum of $500,000 from her tours. He made $2.1 million from Spears’ Piece of Me residency concert which was held from December 27, 2013, to December 31, 2017.
Why Does Britney Have A Conservatorship?
Britney Spears’ conservatorship was established in February 2008 to safeguard her estate and her children’s financial future. Britney’s father, Jamie Spears, and her lawyer, Andrew Wallet, were her co-conservators at the time. Wallet was set down as Britney’s co-conservator in March 2019.
Throughout the years, Britney’s financial actions have been well-documented in court papers. Britney’s most expensive expense in 2018 was $1.1 million in legal and conservatorship fees. In 2018, Jamie was paid $128,000 as Britney’s conservator. The New York Times documentary, Framing Britney Spears, was released on Hulu in February 2021, reigniting interest in Britney’s conservatorship that stirred up a protest amongst her fans #FreeBritney.
Jamie temporarily stepped down as Britney’s conservator in September 2019 when her Kevin Federline, secured a restraining order against him after an alleged physical conflict between their sons Jamie and Sean. Jodi Montgomery, Britney’s assistant, was appointed as her temporary conservator at the time.
Jamie and Bessemer Trust Company, wealth management and advising organization, were named co-conservators of Britney’s estate by a judge in November 2020. Bessemer Trust was chosen as a co-conversation because Britney chose them as a replacement for her father. After Britney’s famous court appearance in which she spoke out against her conservatorship and her father, the company quit in July 2021.
Jamie filed court filings declaring his intended resignation as Britney’s co-conservator slated for August 2021, following her court appearance and rising pressure from Britney’s new lawyer, Mathew Rosengart. According to TMZ, Jamie claimed that there were “no actual grounds for suspending or removing” himself from her conservatorship, but that he ultimately decided to step down because he “does not believe that a public battle with his daughter over his continuing service as her conservator would be in her best interests.” In September 2021, Jamie was fired as conservator of Britney’s estate.
Britney’s conservatorship was officially ended in November 2021 by Los Angeles Superior Court Judge Brenda J. Penny. The ruling was made after the court ruled that Britney was capable of managing her multimillion-dollar estate and that the conditions that led to the formation of her conservatorship in 2008 were no longer relevant.
How Much Money Does Britney Spears Have After Conservatorship?
After Spears’ conservatorship, Forbes reported that her net worth is estimated to be about $60 million. Most of her assets (over $56 million) are reportedly in the forms of investments and real estate, with just under $3 million in cash.
Who Controls Britney’s Money Now?
The pop star will finally have full control over her personal life and financial assets after a 13-year-long conservatorship; regardless of the ruling by a Los Angeles judge that made it uncertain if she’ll be obliged to cover her father’s legal fees, which pertains to the end of her conservatorship.
A third hearing has been slated for Wednesday, July 27. It’s not certain if she would eventually be required to cover for her dad, but she is in full control of her affairs now.
What Is Britney’s Estate Worth?
Britney has owned various residences in the United States throughout the years, primarily in the Los Angeles area. The following is a list of her most prominent real estate holdings:
Westlake Village is a town in the Los Angeles area. Britney Spears paid $6.7 million for a property in the Los Angeles suburb of Westlake Village in 2012. In 2017, she sold this house for $7 million.
Britney purchased a 21-acre property in Westlake Village for $7.5 million in 2015. The estate includes a 12,500-square-foot house, a library, a game room, an infinity pool, a pool house, a tennis court, a three-hole golf course, and a 4,000-bottle wine cellar. This property has a value of about $10 million.
Britney purchased a property in Hollywood Hills for an undisclosed sum when she was 19 years old. In 2003, she sold the house to actress Brittany Murphy. Brittany Murphy was tragically found dead in this home in 2009.
Britney bought a property in Malibu for $6.3 million in 2004. In October of 2004, she married Kevin Federline in this house. Britney listed her home for $13.5 million in January 2007. In August 2007, she sold the house for $10 million.
After splitting up with Federline in 2006, Britney purchased a property in Beverly Hills for $6.75 million. She listed this home for $5.5 million in 2010 but ended up losing $2.5 million in 2012 when she sold it out for $4.2t million.
Kentwood, Louisiana: Britney spent $29,362 for a 7.4-acre property in her hometown of Kentwood, Louisiana, when she was 18 years old, just as her career was taking off. She went on to construct a 6,500-square-foot house that she dubbed “Serenity.” Britney’s mum still resides at this house.
Britney Spears bought a condo in Greenwich Village, New York City, in 2000. She purchased the building’s four-story penthouse in 2002. Both pricing was kept under wraps. In 2011, she sold the smaller unit for $1.5 million. The penthouse was sold for $4 million.
Between 2014 and 2018, her net worth rose by $20 million.
How Much Is Britney Spears Net Worth In 2021?
Britney Spears’s net worth was estimated to be $60M in February 2021. When compared to contemporaries, Spears’ net worth was low, even when she has estates and other businesses and engagements that were generating income.
This proves that her dad wasn’t doing a good management of her resources. Spears’ was also paying much in legal fees for herself and her dad and child support for her two sons Sean and Jayden. The child support charges ain’t significant as much as the million dollars paid in legal fees.
How Much Do Britney Spears Earn A Year?
According to The Wrap, Britney was paid $15 million in 2012 for her role as a judge on FOX’s The X Factor.
Britney’s perfume sales alone brought approximately $30 million in 2013. Britney’s Las Vegas act reportedly earned more than $103 million in 2017 spanning less than 250 shows, according to Forbes.
Britney Spears earned $30 million in 2018, according to Forbes. Music sales, her Las Vegas residency “Britney: Piece of Me,” which spanned from December 2013 to 2017, and her successful perfumes, notably Fantasy and Curious, accounted for a large portion of her earnings in 2018.
Even though she has earned this much over the years, her net worth is low as a result of the circumstances surrounding her conservatorship during that period. Hopefully, she would recover from it all.