Britney Spears rose to fame in the late ’90s when she released her debut album, “Baby One More Time,” and sold 13 million copies worldwide.
She released her second album, “Oops! I did it again,” on May 2000 and sold 20 million copies. Her successes earned her the title “The Princess of Pop.”
But Britney’s life wasn’t always easy. She became famous at 16 years old but had ups and downs in her personal and professional life.
After her mental health struggles and conservatorship issues, she wasn’t allowed to spend her hard-earned money as she wished or make decisions on her own.
Here, we’ll talk about Britney’s net worth and important details that affected its computation.
What is Britney Spears’ Net Worth?
Britney’s net worth is estimated to be $60 million, according to Forbes. The majority of her assets (about $56.3 million) are in the forms of real estate and investments and over $2.7 million in cash.
Why is Britney’s Net Worth So Low?
A net worth of $60 million is mind-boggling for many, but it’s surprisingly small given Britney’s achievements as an artist.
For example, Christina Aguilera’s net worth is $160 million. She was Britney’s biggest competitor in the 2000s, and even though Britney was technically the bigger star, Christina made a lot more.
The biggest reason why Britney’s net worth is so low is that her dad, Jamie Spears, failed at managing her money.
As her conservator, he was responsible for making decisions about Britney’s career, her estate, and financial affairs.
Reports from The New York Times show that Jamie Spears received about $16,000 a month as Britney’s conservator, plus another $2,000 a month for office space rent. The report also showed that Jamie had a cut from Britney’s tours and other pursuits.
Jamie Spears’s net worth rose to $2.4 million within 12 years.
Britney made millions during the peak of her career from different endeavors, such as:
Britney has had ten tours since 1999, and most were sold out. Estimates show that Britney earned $300,000 to $4 million per show.
One of the biggest partnerships Britney had was with Pepsi, where she earned about $8 million. She also made money from endorsing Skechers, Herbal Essences, Mazda, Starburst, Got Milk? Polaroid, and many others.
Britney made at least $1 billion from her fragrance line. Her first fragrance, Curious, broke company records when it debuted in 2004.
She released her second perfume, Fantasy, in 2005 and has released more than 28 scents under her brand.
Britney became a judge on The X Factor for one season and earned $15 million.
Britney performed in Las Vegas from December 2013 to December 2017 and earned $137.6 million for 248 shows.
She was supposed to start another residency in 2019, but it was canceled due to her dad’s physical health, which affected her own mental health.
Britney has been making a lot of money from buying and selling several properties.
In 2001, she bought a Hollywood Hills Mansion for $2.9 million and sold it to the late Brittany Murphy for $3.8 million after two years.
In 2002, Britney bought a penthouse in New York and sold it for $4 million after two years. She also purchased a property in Malibu in 2002 for $13.5 million and sold it when she got divorced in 2006.
In 2012, Britney Spears and her children resided in Thousand Oaks, California, which she listed in 2016 for $9 million. She bought another home in the same neighborhood for $7.4 million in 2015.
Twenty-five percent of Britney’s gross earnings were paid to her lawyers, managers, and agents, and 40% were for state and federal taxes.
Documents obtained by Entertainment Tonight also show that Britney loves to shop from major retailer brands.
In 2018, she reportedly spent $66,000 to buy household supplies from different stores, including Amazon, Walmart, and Home Depot.
She pays $20,000 a month in child support, tuition fees, and other school costs for her two sons, who are currently under his ex-husband, Kevin Federline’s custody.
Britney Spears’s net worth might not be as high as other pop stars today, but she is in the best place now. She plans on achieving several goals after her conservatorship, like trying for another baby with her husband and making a comeback as an artist.
Does Britney Spears still make money?
Since her conservatorship ended, Britney has been getting back into the entertainment industry. She released her ninth studio album in 2020 and is currently working on her musical comeback with her new song with Elton John.
How did Britney Spears make money?
Most of Britney’s money came from her career as a recording artist. She also made money from her line of fragrances, endorsement deals with big brands, four-year Las Vegas residency, and being an X Factor judge.
How much did Britney pay her dad?
Aside from being paid $16,000 a month for being Britney’s conservator, Jamie also received a percentage of his daughter’s gross revenue from tours.
Did Britney Spears’s dad take money from her?
According to Britney’s legal team, his dad took more than $6 million from the artist during his 13 years as a conservator. Jamie Spears also petitioned for fees — amounting to more than $30 million — to be paid to different law firms.
Who owns Britney’s money?
After 13 years, Britney is finally free from her conservatorship, which means she has control over her own money.