Britney Spears blew through $61 million in a year

[mrs.v]

Even though her life is slowly coming back together, it’s been pretty clear that Britney Spears has done a lot of damage over the last year or so. You know, since the crazy set in. A lot has been made of her money issues, and her extravagant spending. Honestly I didn’t think it could possibly be that bad – I mean she has a lot of dough. And aside from a few nice cars, Britney always looked so trashy and ate so much fast food that I assumed she wasn’t spending a lot of cash on designer clothes and gourmet meals. Turns out you can blow a lot of money on Taco Bell and Mercedes. Like $61 million.

When Britney Spears’ father, Jamie, was named her co-conservator on February 1, he took over her financial affairs. But after going through her books, Jamie must have learned just how much of a toll Britney’s crazy behavior, which started in February 2007 when she shaved her head, has had on her bank account — she’s lost nearly $61 million. “It’s staggering how much money has been used up,” a family friend says.
In addition to the enormous tab for legal bills, rehab and psychiatric care, Britney’s inability to work has cost her a fortune. “By not touring for her last album [Blackout], she lost out on $50 million,” estimates Robert Bianchi, an LA-based CPA who isn’t an accountant for Britney. Jamie hired his own accountants to sort out the money mess and bring an end to the 26-year-old’s excessive spending. “It’s been quite a challenge getting things under control,” the insider says. Luckily, as Britney’s mental health improves, so does her bottom line. “She’s spending about a fifth of what she used to,” the insider adds.

[From In Touch]



Cele|bitchy » Blog Archive » Britney Spears blew through $61 million in a year

[Sweetie]

I don't believe this. What could she have spent that much money on?

[cmmdee]

But can she by a nice weave... that is the REAL question...

[heathersharon]

Bitch spent 61 million dollars on bad weaves and tank tops. Pfft. She's dead to me.

[baked_tater]

I believe it. Who knows how much she blew on just oodles and oodles of nonsense. It can add up. Plus I bet those mooches and leeches took a lot, and who knows how much went for illicit drugs and hush money about them.

Now that this has come out, it solidifies my hunch daddy only helped out to staunch the cash gush.

[Bijoux]

yet she still rakes in over $700,000 a month- by doing nothing!!!

[celeb_2006]

And we're supposed to feel "sorry" for people like these, when in this sorry economy families are losing houses like nothing and kids have nothing to eat?

[Bijoux]

I feel sorry for her boys, she hasn't invested one fucking dollar of her money into their future. Not trust funds, education funds....NOTHING!

At least her Dad is taking control, losing money or not.

[SpookyGirl]

Aw, poor little rich girl. My heart bleeds for you.

[BoogsBun]

I hope she marries another backup dancer, that bankrupts her ass.

[mizglam]

61 million?

I would look into some of the people she's been associating with over the past year. i'm sorry but something just sounds weird here. i don't think she could have went through that much by herself.

[sprynkles]

Well there was the Starbucks everyday.

[BoogsBun]

And the living out of hotels, even though she had a house (or multiple houses...can't remember if she had more than one or not).

[Bellatheball]

Maybe the Starbucks near her charges $50 a pop for those fraps she buys. Hell, she wouldn't know the difference anyway.

[Folieadeux]

This doesn't make sense.

She didn't really spend through 61 million because she never had the 50 million they're implying she would have had if she went on tour for Blackout (and I tell you now, that would not have pulled in 50 million!).

I think, if anything she blew through the maximum of 10 million last year.

Thankfully her dad is managing her accounts now and has someone fixing that shit up - she has no savings accounts for Jayden or Sean at this point either.