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 “Oops!… I Did It Again.” She won a Grammy and was one of the most 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 of 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 with her father, Jamie Spears, and her attorney, as co-conservators, 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, many questions about Britney Spears’ net worth and her conservatorship still remain. We answer those questions up ahead.
What is Britney Spears’ conservatorship?
Britney Spears’ conservatorship was created in February 2008 to protect her estate and the financial future of her children. At the time, 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 exercised full control over Britney’s financial and personal decisions. The conservatorship also granted him access to her medical records, allowing him to limit visitors for her, negotiate opportunities and manage her financial assets. (Wallet previously had control over the financial side of Britney’s life before he resigned.)
Britney’s financial decisions have been well-documented in court records throughout the years. According to documents obtained by Entertainment Tonight in 2019, 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. Interest around Britney’s conservatorship sparked again in February 2021 when The New York Times released their documentary, Framing Britney Spears, on Hulu.
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, though he ultimately withdrew the petition to reappoint Wallet in October 2020 following pushback from Britney’s legal team.
In November 2020, a judge appointed Jamie and Bessemer Trust Company, a wealth management and advisory firm, as co-conservators over Britney’s estate. The move came after Britney requested that her father be replaced by Bessemer Trust. The company, however, resigned in July 2021 after Britney’s now-famous court hearing, in which she spoke out against her conservatorship and her father.
Following her court appearance and mounting pressure from Britney’s new lawyer, Mathew Rosengart, Jamie filed court documents announcing he would resign as her co-conservator in August 2021. In his filing, Jamie claimed there were “no actual grounds for suspending or removing” himself from her conservatorship, but ultimately decided to step aside as he “does not believe that a public battle with his daughter over his continuing service as her conservator would be in her best interests,” the documents read, per TMZ.
Britney’s care manager, Jodi Montgomery, still remains as the conservator over her person. Britney’s lawyer, however, has since petitioned to end Britney’s conservatorship by the fall of 2021.
What is Britney Spears’ net worth?
Source: InstagramAccording to Forbes, Britney Spears net worth in 2021 is an estimated $60 million. This figure is only a slight increase from her net worth three years prior, according to court documents obtained by Entertainment Tonight, which found Britney Spears’ net worth to be $59,079,755.76 at the end of 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.
Framing Britney Spears is available to stream on Hulu. Here’s how to watch it for free.
A Mother’s Gift by Britney & Lynne Spears
Image: Courtesy of Delacorte Books.
Buy: 'A Mother's Gift' by Britney & Lynne Spears $5.21
For more about Britney Spears, read her 2001 book, A Mother’s Gift. The semi-autobiographical fiction novel, which was co-written with Britney’s mother Lynne Spears, follows Holly Faye Lovell, a 14-year-old girl from the small town of Biscay, Mississippi, who has dreams of becoming a singer. When Holly becomes the youngest student ever to win a scholarship to the prestigious Haverty School of Music, she must make a choice of whether to leave her mother, Wanda, behind or pursue her dreams. As Holly starts her new life and makes posh new friends, she finds herself embarrassed by her mom and their humble background, as Wanda struggles with a long-hidden secret that could destroy her bond with her daughter forever.
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