Britney Spears’ net worth is surprisingly low; Is her father to blame?
- Britney Spears is under guardianship who has given legal control of her finances and assets to her father since 2008
- Spears recently asked the court to end what she described as “abusive” guardianship
- The pop star has an estimated fortune of $ 60 million this year
Britney Spears is estimated to have earned tens of millions over the course of her decades-long music career, but her fortune is far less than that of other female singers who rose to prominence around the same time.
Spears’ fortune is estimated to be around $ 60 million this year, Forbes reported. Of that, $ 56.5 million is related to real estate, investment accounts and business investments, and the remainder is cash, depending on the outlet.
After rising to fame in the late 1990s, Spears was estimated to make $ 40 million a year in the early 2000s from touring and record sales, according to Forbes, who dubbed her the most powerful celebrity in the world. world in 2002. She led the way in income and star power among popular artists of the time, including Jessica Simpson and Jennifer Lopez, the outlet said.
Since releasing his first single, “… Baby One More Time,” in 1998, Spears has sold nearly 150 million records worldwide, Billboard reported.
The pop star has also made 10 headlining concert tours, including five around the world. As of this year, Spears’ world tours have grossed around $ 500 million worldwide, according to Celebrity Net Worth.
On top of that, Spears reportedly earned between $ 350,000 and $ 500,000 per night during his residency in Las Vegas, which ran from 2013 to 2017, according to the site. His residency grossed $ 137.7 million in total, Forbes reported, citing Caesars Entertainment.
Spears has also raked in millions of dollars through licensing deals, which include his endorsements for 19 popular fragrances, according to Forbes.
Despite this, the pop icon’s fortunes were unable to catch up with that of his music industry peers, according to Forbes. The outlet estimated that Simpson and Lopez’s fortune had crossed the $ 100 million mark. But those numbers are pale compared to Beyoncé’s, which is estimated to be worth $ 420 million.
Although she’s amassed millions, Spears hasn’t controlled her finances for the past 12 years. This is due to a guardianship decision that gave her father, Jamie Spears, and a lawyer legal authority over her assets in 2008, Business Insider reported.
As his daughter’s curator, Jamie received a monthly salary of $ 16,000 from Spears’ estate and $ 2,000 a month for an office, according to Forbes. He also got a percentage of his Las Vegas residency and other business deals.
However, Spears quit doing TV commercials in 2015 and hasn’t released any new music since 2016. She also hasn’t toured since 2018 and turned down a “lucrative” Las Vegas residency deal. the following year, according to Forbes.
Spears’ attorney Samuel D. Ingham III Ingham said in court in November 2020 that she “would not perform again if her father was in charge of her career,” the Associated Press reported.
Recently, the news of Spears challenging his guardianship was made public at his request. For the first time in two years, the singer shared her experiences and revealed that she had been “traumatized” by the “abusive” legal arrangement. The pop star argued that the guardianship should end without her needing to undergo an assessment, Yahoo Finance reported.