Celebrity Justice
Lawyer Says Brit Worth $40 Million

TMZ is in the courtroom where attorney Adam Streisand just asked the court commissioner to 86 Jamie Spears as conservator of Brit's estate.

Streisand said Brit's estate is worth $40 million. He also said Brit is in the middle of a $17 million IRS audit with her record label Jive Records and she has 15 different businesses.

Streisand asked that the Commissioner name Northern Trust Bank and Howard Grossman, Brit's business manager, as conservators.

Here's the rub-- the Commish wasn't convinced that Streisand, the second cousin of Babs, was properly retained by Britney. So far, no decisions have been made.

Story developing ...


Reader Comments

(Page 6 of 6) Previous 15 Comments

76.
39. WHEN KEVIN FINDS OUT SHE IS ONLY WORTH 40 MILLION, HE'S GOING TO GIVE THE KIDS BACK.

Posted at 6:30PM on Feb 4th 2008 by MARY
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lol - too true too true.

Posted at 2:28PM on Feb 5th 2008 by britaculous

77.
Not her NET WORTH but her business ventures and estates. NOT WHAT SHE HAS IN THE BANK.
Posted at 6:43PM on Feb 4th 2008 by joey
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That explains this then - NOVEMBER 2007, MSN:

November 02 2007

Troubled pop princess Britney Spears has revealed herself to the public once again this week - with her financial secrets laid bare for the whole world to see.

As a result we can now say for certain that the 25-year-old spends more on clothes and food than childcare and is almost certainly on the wrong mobile phone tariff.

The singer spends an eye-watering $16,000 (£7,700) a month on clothes and has a combined grocery and restaurant bill of $6,358 (£3,100). However, according to papers published as part of her divorce hearing with Kevin Federline, she spends just $6,000 (£2,900) a month on childcare.

Same bills as us - bigger
Britney also seems to spend an awful lot on staying connected - with a combined mobile, landline and internet bill of $2,500 (£1,200) a month. While her utility bill of $10,250 (£5,000) and mortgage bill of $49,267 (£27,000) look like they could be trimmed with the right packages.

And that would leave the songstrell more cash to spend on her favoured pastime - or at least the thing she spends the most on - going out.

The Toxic singer spends $102,000 (£49,000) on "entertainment, gifts and vacations". Every month.

Responsible Britney?
But it's not all frivolous - she gives $500 (£240) a month to charity and spends $9,200 (£4,400) on health care on top of the $77,197 (£37,000) she spends on health insurance for her and her children and almost $50,000 (£27,000) on mortgage payments.

Car insurance, repairs, petrol and busses come in at $17,000 (£8,000) a month - enough for a London bus ticket a day, every day, since she was 14.

But then she can afford to spend big - even before her new album and single were released Britney was averaging $719,634 (£350,000) a month in royalty payments.

Hear Britney's new album for free

Britney's monthly expenses:
Entertainment, gifts and vacation: $102,000 (£49,000)
Health insurance: $77,197 (£37,000)
Mortgages on two homes: $49,267 (£27,000)
Car expenses and transport: $17,000 (£8,000)
Clothes: $16,000 (£7,700)
Property taxes: $12,000 (£5,800)
Gas, electricity, water garbage collection: $10,250 (£5,000)
Health care not covered by insurance: $9,200 (£4,400)
Maintenance and repair: $6,500 (£3,100)
Child care: $6,000 (£2,900)
Eating out: $4,758 (£2,300)
Home insurance: $2,500 (£1,200)
Landline, mobile and email: $2,500 (£1,200)
Groceries and other household supplies: $1,600 (£800)
Other insurance (life, accident etc): $785 (£370)
Charitable contributions: $500 (£240)
Laundry and cleaning: $160 (£77)

Britney's monthly income:
Royalties: $719,634 (£350,000)
Investments: $13,234 (£6,400)

Posted at 2:31PM on Feb 5th 2008 by britaculous

78.
#66 - Posted at 3:57AM on Feb 5th 2008 by Ben

HER BUSINESS according to MSN.COM:


"The 26-year-old pop princess may have had a number of much publicised ups and downs over the past year or so, but Britney is clearly no dumb blonde when it comes to her cash. Britney’s global business empire includes Britney Brands, BritneyFilms, Britney Online, Britney Touring, Fairy Zone Productions, One More Time Music and Britney Television. She may appear to have a loose grip on reality – and her kids – at times, but Britney has her finances nicely wrapped up."

Posted at 2:36PM on Feb 5th 2008 by britaculous

79.

Actually, I'd be watching her business manager and looking into what he has done in the past....

I'm not saying the guy is dirty, but it wouldn't hurt to look at him and see what he was up to. Britney does not have the background or education to do it herself and there is no one to oversee her assets except for her business manager.

I just think he should be looked at by someone, whether it be investment counselors, accountants, or someone else who is competent to check him out. That means someone who has no personal stake in it, either. That means family members or any of her "entourage".



Posted at 2:45PM on Feb 5th 2008 by OCD

80. BFD, oh, I'm SO sorry, we forgot, the only person who possibly knows anything about anything on this entire planet and therefore is the only one allowed to comment on the situation is you! *Rolls my eyes.* Seriously, GET OVER YOURSELF, because if anyone here is an idiot, it's YOU!

Don't you realize that everyone here ALREADY KNOWS perfectly damn well what kind of expenses Britney Spears has and that these expenses are eating away at her fortune? The point that we were all making (which you would have seen if you had actually bothered to THINK about it before you got nasty and arrogant) is that a few months is still a very short period of time to lose TENS OF MILLIONS of dollars, even with the expenses Britney has!

So the next time you want to call people idiots, make sure you're not acting like one yourself. You're no better than anybody else and you didn't tell anyone anything we didn't ALREADY KNOW, so you can quit putting everyone else down and acting like you're superior.

Posted at 2:45PM on Feb 5th 2008 by Anonymous

81. Leave the poor girl alone! I'd be bipolar, adhd, and everything else everyone lables her as if I were followed around to the extent that she has been. She just needs peace to get back on track and get her kids back. She's a brilliant performer and a wonderful singer

Posted at 10:16PM on Feb 6th 2008 by missy

82. LEAVE HER ALONE FOLKS,,,, SHE HAS HER MAN NOW,HE HAS TAKEN OVER, THE PARENTS ARE OKAY WITH HIM, SHE LOOKS CALM, SO LEAVE HER A L O N E !!

SHE LOOKS TO BE MUCH SAINER NOW THAT HER "MANAGER" JERK HAS BEEN GIVEN THE BOOT! HE ADMITTED TO GIVING HER MEDS IN HER FOOD, HE IS A TOTAL CRIMINAL,,,,,,,,,I BELIEVE ADNAD WANTS HER AND WILL PROTECT HER AND HOPE SHE GETS IT ALL TOGETHER NOW THAT HER GOOFY MEAN "MANAGER" HAS BEEN SENT PACKIN!! PRAYING FOR YOU BRITNEY AND YOUR BOYS.

Posted at 2:35AM on Feb 8th 2008 by jane doe

83. thanks for the interesting news

Posted at 1:05PM on Mar 2nd 2008 by Foxy

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