Jamie Spears has been Britney Spears’ conservator since 2008. His first task was simply providing emotional and mental stability for Britney, getting her healthy and functioning and seeing good doctors. Then, slowly, Jamie started allowing Britney to reintroduce herself as a public figure, with limitations of course. There were albums, tours, carefully vetted boyfriends, and various sponsorships. Eventually, there was the lucrative Vegas residency, for which Britney reportedly earned around $140 million. She also has lucrative fragrance lines and tons of other revenue streams. My point is that… Britney should technically be worth, in my opinion, at least $150 million. She’s not spending a ton of money – she doesn’t buy real estate every year, she’s not buying yachts. Chica just loves to go to Starbucks and McDonalds. So… how is that Britney’s assets are worth less than $60 million? And why aren’t we focusing on that?
If you’re looking for Britney Spears, you can probably find her at her local Target. According to financial documents filed in her conservatorship case that were obtained by The Blast, the pop star, 37, may be worth multiple millions — but she still loves a bargain.
In the paperwork, the “Toxic” singer’s total assets at the end of 2018 were valued at $59,079,755.76, thanks in large part to an impressive portfolio that includes investment accounts, mutual funds and trusts. Despite her annual expenditures, Spears came out $2.5 million ahead of where she was at the end of 2017.
And while she spent most of 2018 on her “Piece of Me” tour, which ran from July to October, she did find time to make over 80 different trips to her beloved big box store. She also made a number of trips to Ralphs and Home Depot, spending just over $66,000 on household supplies.
By far the Grammy winner’s biggest expenditure, however, are the fees she’s required to pay to her conservators and case management advisers, which total over $1 million — including $128,000 which goes to her father, Jamie Spears.
I… still don’t understand how she’s worth less than $60 million, given how much she’s worked in the past decade. Album sales, the Vegas residency, the fragrance lines, the sponsorships… where is all of that money? As for Britney shopping at Target, Ralphs and Home Depot… as I said, she’s always had simple tastes. I can relate! Britney consumes like a teenager – she loves fast food and strip malls. Also, I would totally make 80 trips to Target a year if there was a Target super-close to me. As it is, I probably easily make 100 trips a year to the grocery store around the corner. *laughs nervously about how often I go to Subway*
Photos courtesy of Backgrid.
I’ve been to Target twice this week. I feel you, Brit.
I’m at Target easily twice a week. It’s close to my house and I have a red card so I buy everything from paper towels to cat food to almond milk coffee creamer and avocados at Target. Plus there is a Starbucks so I buy a pound of beans every week.
I know I will get poo-pooed for this, but I don’t get the Target craze. Yes they have some nice things, but their prices are so high. I really have to comparison shop because the older I get the more annoyed I get when I see prices vary from store to store. Don’t get me wrong, I get quality is $$ but I just don’t see a lot of quality in their stuff.
I don’t understand the part about target having high prices. Maybe it’s where we live? Where I live target is about as cheap as it gets. I think there’s one Walmart but you wouldn’t catch me there—way too much violence and theft reported at that store and they put anti-theft devices on EVERYTHING, even travel sized detergent.
So true. There are apps to pull up the crime story of any neighborhood. Walmart is always COVERED in crime. After seeing it in black and white I avoid the place.
I have the Target app with Cartwheel and Target coupons and I also have the Red Card Debit, no fees associated with it, it just connects with your checking account and gives you a 5% discount on EVERYTHING.
Convenience. I can grab a birthday card, mascara, underwear, yogurt, and chicken for dinner in 10 minutes.
I find their food prices high and only shop there in a pinch when I need to get one or two things.
Same. I hate buying food there but the convenience factor is huge.
that’s funny you say that…here, in central NJ, the food prices at Target are LOWER than most supermarkets.
like as much as $2.50 less for a box of cereal. some things are priced about the same, but still 20-30 cents lower.
and just about everything else is cheaper…make up and hair products especially.
That’s funny, because a lot of their grocery prices are much cheaper than the grocery stores in my town. Selection isn’t great less, but prices are often times 1$ better or more on a lot of items
whatWHAT? I’m in NJ too, and I find them to be cheaper as well. There’s a full grocery store right near me, but their prices are a good 20% higher on everything, and it adds up. I usually try to go to Target for that stuff. Plus they have good deals and coupons and stuff, and the Red Card. I just got a bunch of super discounted school supplies for a local charity there.
Cheaper for most things in New York, as well.
I’ve found that their prices are consistently lower than at my local grocery stores and drugstores. On everything from pet food to cleaning supplies to toiletries to toys. I even just did a price comparison on some dorm supply type stuff like bins and rugs and they were cheapest.
I could see why Brit likes Target, you can get what you need and pick up extra treats you never knew you wanted all in one trip, lol!
yes, for me/in my locations, everything is cheaper at Target. the only thing that I don’t like is the selection. like, they carry the same stuff as ShopRite, but not as many varieties. Target will have the same brands of salad dressing and Indian simmer sauces, but not as many varieties of each product. which I get…ShopRite sells ONLY groceries, and Target sells EVERYTHING, so…less space for the grocery section.
God, if i had a buck for everything I’ve bought at Target when I just went in “for a couple of things,” I’d be rich. Love that store!!
Target is just convenient for me, and our Target’s prices are extremely comparable to our WalMart. I would rather spend slightly more at Target and have things be clean and organized while I’m shopping. Our WalMart is basically the dregs of society, and it’s honestly depressing to go there.
re: Walmart…I TOTALLY agree. My Target is clean, well-stocked and it’s easy to get help if you need it.
I remember going to the local Walmart (side note: I refused to shop there because of their employment policies but they were the only place around that had a Star Wars toy I wanted to get for my nephew) and it was SO depressing. Dirty and dingy, and if you asked someone for help they LITERALLY ran the other way saying “that’s not my department” or “I’m heading to a break, sorry”. I find the appropriate toy aisle and there was a couple in the aisle that REEKED of cigarettes and booze. they were hammered and arguing about something. I just wanted to get the toy and get TF out of there.
I haven’t been to a Walmart in years. I do my best to avoid it, but I’m lucky I have other options.
Targets are much cheaper where I am than a lot of places, if you are shopping for toiletries or cosmetics, etc (I love Maybelline and am not sorry!!)
I probably go to Target once a week, so 80 times a year doesn’t seem excessive, lol.
@Seraphina: I agree with you. Especially when it comes to fashion, they can be hit or miss. The only thing i consistently buy at Target nowadays is clothes for my teen son. They’re very reasonably priced and they’re about the only friggin store that carries decent quality polo shirts and school slacks in various colors and a variety of sizes. Every once in a while if i have time and patience i may find a piece or two of women’s clothing or underwear that i like or maybe some decent looking shoes but they’ve REALLY lacked in those areas for a long time. Target better watch it since Walmart has really done a decent job at improving their clothing lines (except for teen boys and maternity). Maybe Brit shops there for her preteen sons? 😋 As for Brit’s $$$, i hope she has a smart wealth manager who has saved the “missing” chunk of her wealth in foreign tax haven countries. Never put all your eggs in one basket 😉 and never show/disclose ALL your assets at once.
My grandsons wear uniforms. Target Cat and Jack brand holds up better than any other brand we’ve purchased.
Pro-tip, Target lets you price match anything to other big box stores.
I don’t do grocery shopping there, but I agree that their women’s clothing tends to be expensive for the quality. Everything is at least $30 and for that price I can wait for something nice to go on sale from Ann Taylor or GAP. Now, Their Cat & Jack is affordable for kids’ basics like leggings. Shorts, and t shirts.
Well, yeah, if you buy their stuff full price, but who does that? I careen my white lady way straight to those clearance racks, as I do with all retail as years of working the industry has taught me. 😀
In all seriousness, I’m neutral on Target. Other than some of their capsule collections, their clothing could be hit or miss, but I admit I really like their new line that replaced Mossimo (LOL). This being said, I’ll pick it over Walmart any day.
I think Target is expensive too. I never shop at Walmart ever because of the many social reasons not to but I’m not keen on Target because of the prices. I go to Big Lots for cleaning stuff and other household items, Kroger (called Fry’s in my area) and Trader Joe’s for groceries. If I had Brit’s money I’d probably only shop at a Super Target but I don’t so i stick to my alternatives.
Target has become expensive. When trying to save cash I shop at Big lots and family dollar for basics.
I work next to a target, so take the number of working days in a year, figure out how many of those days I actually took a break, subtract a few for vacation, and that’s how many times I went to target! Way more than 80 and I have no shame about it. It’s a good way to pass the time.
I would be so poor if I were you. I’d be there daily!
That does seem a bit low for net worth…but she supports a rather large team. Now whether she actually needs to support that large a team? Good question.
That’s a bit less than twice a week. I guess it depends on how much she spends each visit? I’m probably at least 40 trips to Costco a year but I’m not dropping $20000 a visit or anything.
“ *laughs nervously about how often I go to Subway*”
You’re in good company. That’s all my college-age godson eats. Probably well over 200 trips a year. Could be worse! 😁
My kids are heading to college. I feel like I’ve been to Target and Bed Bath, and Beyond like 80 times in the past two weeks!
Same. I’m with you on Target but BBB gives me anxiety. What I didn’t get at Target I got on Amazon.
hahahahaha…I know what you mean about BBB. they have SO MUCH great stuff, but I get overwhelmed when I go in there. I end up wandering and going “oh, that’s so cool!” every few seconds.
I made my husband take boyspawn for dorm stuff. He was overwhelmed, came home, and popped a beer. On a work night, no less!! LOL
Buying expensive things for Kevin Federline and Sam Lutfi during her difficult period probably reduced her bank balance by a large chunk.
That’s what I think, too. My guess is after Lutfi she was pretty much broke, and I think some of the financial abuse that occurred is why she continues to be under conservatorship.
Something seems fishy here. After her Vegas residency last year, plus her other revenue streams, she only earned $2.5 after expenses? That makes no sense, given her lifestyle.
I imagine there are several people getting rich off of her and that he dad is paid much more than just over $100k a year…
No her net worth is almost $60 million and her annual expenditure (what she bought/spent) for 2018 was $2.5 million. The $2.5 million figure isn’t an issue tbh but i’m surprised she’s only worth $60 million, like i’ve alluded to above I think a large portion of her fortune was lost when Kevin Federline and Sam Lutfi were prominent in her life.
People who make a lot of money separate their personal net worth from the valuation of their “brand”. I’m sure it’s all separate. All totaled I’d bet she’s worth at least $300 million.
@ChunkyLA
It says she came out $2.5 M in 2018 ahead of where she was in 2017, not that the $2.5M were expenses. That’s what I think is odd, she only came out that much ahead after a year of very lucrative income from her show etc?
If she didn’t buy any big assets in 2017, she should have increased her net worth by significantly more.
Britney Spears PERSONAL fortune is different from Britney Spears PERFORMER/BRAND. A lot of stars pay themselves from a business corp/LLC model as an “employee” of the corp. to lower taxes. The rest is sheltered in other areas. This isn’t news.
She has a large team of supervisors , maybe? Plus a large overhead? It seems that considering her history, people must be taking advantage of her and she’s getting ripped off somewhere. Access to lots of money and nobody honest to oversee it will bring out bad things in people.
Britney is under Conservatorship, every penny spent from her money has to be accounted for.
She might be putting a significant amount aside for her sons in a trust, which would not be part of her personal net worth. Plus she has all the child support she’s paying to KFed, so add a hefty expense there!
Also…. she spent $66k on home supplies?? She might not be balling out of control buying purses but her spending habits are pretty high.
I thought of that, plus I would not be surprised if Jamie had also put a trust aside for her as a backup/retirement plan for when he is no longer around to protect her (and her fortune) from the leeches (looking at you Lynne Spears). Jamie once said he’s able to sleep better at night knowing that she and the kids are financially set for the future regardless of what happens – or something to that effect.
Target is consistently about 5 to ten percent higher than Walmart. Where I live there’s this new Walmart that actually is enjoyable–don’t mock. There’s mood lighting over the harsh overhead crap, stained concrete and the produce section looks like a farmer’s market lol. That being said I do enjoy seeing Target’s offerings and enjoy some of their groceries. I visit both. 😛
No shame on Subway issues lol. Our family keeps them in business.
That’s an unfortunate top pic.
We have one of those Walmarts as well and honestly, when I go to target now (which I do maybe 4 times a year, its not convenient for me at all) I’m struck by how the quality is similar but the prices at Target are higher. Walmart even has a line of kids clothes that are clearly trying to compete with Cat and Jack and they hold up surprisingly well.
but the reason walmart is cheaper because they treat their employees like dirt. i’d rather spend a little more at target than support a company like that.
I think the difference is that Target has sales on items and Walmart never puts items on sale so if you shop it correctly, Target can be a cheaper than Walmart over the long run
plus the whole issue of how each treats their employees.
I don’t mind paying a little bit more at Target since they actually pay their employees a living wage, unlike Walmart where a HUGE number of their employees also have to claim public assistance because the Walton family are a bunch of stingy a-holes. I get that some folks don’t have a choice because Walmart is the only thing around where they live, but if you DO have a choice, like I do, it’s Target all the way.
same goes for Costco over Sam’s Club.
@ whatWHAT This is the main reason I stopped shopping at Walmart. Haven’t been in one in years and don’t plan on it anytime soon. And yes, same for Costco & Sam’s.
Totally agree @what. I’ve said on here before I choose local and diverse businesses with which we spend our hard-earned. It’s one of the main reasons we moved out of suburbs. There’s no substitution for pulling over and buying local produce, shopping flea markets and family-owned everything! There’s this trader’s market that furnishes and stocks our home. Wouldn’t trade it for any franchise out there.
Yeah, that’s kind of my big reason for avoiding Walmart. I know Target isn’t exactly optimal working conditions, but Walmart is just SO outrageously repugnant in how they treat employees and utilize their corporate might to destroy smaller competition that I don’t feel right shopping there. And frankly, I just find most of their stuff, particularly clothing, unattractive. Their prices aren’t THAT good.
@Mab’s: I enjoy some Walmart shopping, too. I’ve noticed the quality of the walmart is almost always based on their location. The suburb Walayworlds around here are very pleasant to shop at and i make it a point to shop there but in the cities they are the trashiest, murkiest and most depressing places to shop at. One of them, sadly close to where i live we nicknamed the “freakmart”. The place is so scary i feel like i have to look over my shoulder, i kid you not. Even my kids noticed and ask me not to ever go to the local city walmarts, scary places for sure.
We have one of those too lol. It’s closer than the nice one, but it’s scary and dirty. The Target closest to us is kind of in the same shape.
walmarts also don’t work in urban areas, whereas target now has small format stores to fit into dense cities. i haven’t been to a walmart in years because they’re all in the suburbs and i don’t drive. target has adapted to work in cities so i always shop there.
Hopefully the money is steadily going into accounts for her kids?
Yes, I hope that is where it is going.
She’s in an incredibly high tax bracket?
In this country, that means she’s paying even less.
The highest tax bracket currently is 37% and only applies to income over $500,000+. More than enough to live VERY comfortably, and that tax rate is nothing compared to most industrialized nations.
As others have said, I doubt the $60M is the complete financial picture. She probably has multiple trusts, supports her mother and imagine some support to her siblings along with the increased support to Federline. And her father gets only 10% of the annual costs for managing the conservatorship, which seems pretty reasonable.
She cut her mother off financially and personally around the time of her divorce from Kevin (Brit found out Lynne was supporting Kevin over the custody battle and as such felt that her mother wasn’t supportive of her). They’ve had an on/off relationship ever since – Lynne was spending Brits money buying herself mansions and luxury cars like they were going out of fashion.
Her mother sneaked back into her life in the past months.
At the height of her illness she was spending hundreds of thousands every week at places like Walmart, Target etc. I’m sure her spending is more controlled now, but I’d bet she’s still spending a few million on random stuff from those stores every year. It’s not like those purchases are an investment that counts towards her assets, so she’s probably thrown 10-15 million down the drain on cheap tat.
Add in her staff, security, child support, the boyfriends that are obviously paid etc. and you’re looking at a lot of outgoings.
Her Las Vegas residencies are money makers, but that doesn’t compare to the kind of money she could be making if she was capable of huge worldwide stadium tours. Her perfumes still do ok, but they dropped off a lot years ago. Her sponsorships are nothing like they once were. She does fine, but I think she’s still living like someone who built up a massive fortune at the height of her fame, when in fact she actually blew through most of that. She should be worth hundreds of millions, but she wasted her fortune instead of investing wisely and had to start almost from scratch.
Many good points, Julie. I think she flies private to and from Las Vegas/LA very frequently during her residency. That’s very expensive and will add up. Also, her legal and medical needs and security requirements are probably astronomical. In those areas, the top level can charge insane fees.
IIRC she was almost broke when her breakdown happened and her father took over – apparently there was many many people on her payroll who did nothing. The first think her father did was cut them all off and that included her brother who it was reported got $200,000 from his time on her payroll as a ‘production assistant’. As I said upthread Lynne Spears was spending Brits money on mansions etc.. for herself. It was a mix of Brits out of control spending and all the hangers on taking advantage and bleeding her dry.
I agree, I think she likely blew through a lot, and still has a lot of expenses.
Whatever the situation, she has a ton of money, and will be just fine financially.
@Kaiser, You should try Jersey Mike’s as it much better than Subway.
+1
It’s excellent but costs 3x as much here. Only went there once. For that price I’m getting a restaurant meal, not a sandwich.
I’ll always have a soft spot for Britney! 60 million does seem fishy, she’s been in this business for 2 decades and works consistently. Something doesn’t add up. Surely her dad makes more than 128k?!
I love Target and it’s fairly cheap in my area, I love that I can get groceries, clothes, and home goods all in one. Kroger is my jam for groceries most of the time though, with the Kroger card and coupons it’s cheaper than Walmart. I refuse to shop there unless it’s an absolute emergency. They don’t pay their employees living wages yet the Walton family makes billions every year, f*ck them.
Even if she were buying a lot of real estate – the value of that real estate would be included in her total assets, so that wouldn’t deflate the number, as per your comment in the article. But she probably only keeps about half of that revenue after taxes and she’s paying custody to KFed and maybe she’s donating to charity – hey, if you’ve got tens of millions, what’s donating a mil here and there? Maybe she made some bad investments. I dunno – seems low, but not totally crazy.
Love Britney, I wish her peace and happiness. What this makes me think is that if Britney is only worth $60million and still works consistently, how on earth is Leann Rimes still afloat with her spending??
$60 million seems rather low for someone who’s been in the business for so long & isn’t living some crazy lifestyle. Hmm.. And yeah I don’t even want to know how often I go to Target (or how much i spend yearly). There’s one by my house and by my job so I’m always there. I hate Walmart and Targets in my area are not expensive. I guess it depends on where you live.
I can’t get over her legs. Gorgeous and strong!
I ALWAYS notice her legs. SO DAMN STRONG looking! it’s all that dancing…
Target for ambience, Walmart for prices.
My Target ain’t cheap. And with a minmum $100 exit fee at Target (because, let’s be real: you go there to “just” buy toilet paper and come out with a new eyeshadow pallet, a cute top, a bathroom rug and a bag of chips), 80 visits a year is $8,000 a year. Yikes.
Exit fee is exactly what it is.
-Signed someone who somehow paid $75 and only had toilet paper, shampoo and conditioner on their list.
I miss Target so much. It’s been four years since they left Canada and two since my last trip to the states (The nearest one is 3 hours away from me, if it was in a border town I’d be crossing a LOT more often!)
80 trips a year doesn’t seem like much honestly. I worked there and I know we had customers that were in that much, or more even. Its only 7 trips a month, rounding up.
The 60M does seem odd, Wealth Gorilla has her estimated net worth as 215M. I know WG isn’t reliable, but their number does seem more reasonable. Of course, they might just be estimating her life time income and not what she currently has, because I believe the commenters up thread are probably correct in that she had a lot of leeches running her accounts dry. :/
My thoughts(if anyone cares LOL):
Why I go to Target
Kids clothes that are NOT covered in Disney or random words and characters…Target for the win!!! Cat & Jack is 80% of my toddlers wardrobe! It holds up great too.
kids shoes are also adorable and don’t fall apart after 10 uses.
Target employees are everywhere and constantly, nicely asking if I need help. Walmart I can’t find a human who is employed to save my life!!
There are a LOT less people shopping so I can actually move around the store.
Targets app is up to date with the isles and sales, and tells me exactly where they are in the store. Walmart is not great at knowing their inventory on the app.
Target sells coffee, snacks, and adorable home goods stuff.
A trip to Target toddler free is relaxing and fun……any trip to Walmart is awful and the opposite of relaxing.
Amen. As well, Target simply respects their customers more. Not only do they make shopping easy and actually fun (and their managers mercifully open registers ASAP when lines start forming), they consistently come up with innovative products that are affordable. Walmart acts as if customers are trash who deserve lousy service and crap goods—and their treatment of their employees speaks volumes as it is.
I love Target. I have their debit card that gets me 5% off my purchase without having to pay a credit card bill, because it’s linked to my own account. It’s the closest store of its kind to my house (my Wal-Mart is also pretty nice, but it’s 15 minutes from me, whereas I’m literally two minutes from Target), and it’s a big one. They have a nice grocery selection and I outfitted pretty much my entire house in Target-branded decor and furniture. They have nice clothes, too. It’s not as cheap as some other stores, but I don’t find it overpriced, either.
Girl. SAME!
I wonder if she will ever learn to dress to flatter herself. It kinda drives me nuts that she’s stuck on this look that not only is very dated, but actually does not flatter her in any way. She could look so dang good!!!!
It’s so frustrating. Her hair extensions just KILL me. Her outfits are the exact same shit that her, myself and everyone were wearing 20 years ago. I don’t understand why she doesn’t just hire a good stylist…
“She’s not spending a ton of money – she doesn’t buy real estate every year, she’s not buying yachts.”
I don’t think it should be assumed that she doesn’t spend a ton of money.
Her medical expenses are probably hundreds of thousands, if not millions of dollars per year. She’s probably enrolled in one of the elite programs at UCLA or Cedars Sinai, which can run $15-25k per year just as a admin fee (it gets you special treatment, waiting room, heads of departments review your tests, free valet). Then, she probably has mental health experts that she sees regularly, which at her level, could be $1k per session. In addition to her mental health…she’s essentially a professional athlete. She probably has a lot of physical therapy, training regimens, etc. Some luxury facilities test your DNA and then make up food and workout plans that are supposed to put your body in peak condition.
This doesn’t even include what she’s paying for around the clock security. That can costs tens of thousands per day. You also have to think of insurance costs, for her properties and her employees. Buying an expensive item isn’t the end of the expense. It costs money to have and maintain valuable things.
I am not judging her by any means, I am just trying to illustrate the ways that people at this level of wealth can spend their money, and it wouldn’t necessarily be obvious to the public. Britney is an extreme case, because of her health and her security needs.
Where I live everyone prefers to shop at Walmart because it’s cheaper and has more variety. The local target stores are soooo expensive and I’ve been to others in different states and they are cheaper. So maybe it’s just our state.
Where I live everyone prefers to shop at Walmart because it’s cheaper and has more variety. The local target stores are soooo expensive and I’ve been to others in different states and they are cheaper. So maybe it’s just our state.
Britney supports a lot of people and she could have stuff structured in such a way that a large chunk of her wealth is protected.
Ummmm…..I can guarantee you I have her beat…or at least went the same amount of times!
I think Target’s groceries are pretty comparable to Walmart. However their clothes are a little more on the expensive side which surprises me because their shirts (womens shirts at least) are pretty flimsy and tend to fall apart after a few washes.
And not one trip to her hairdresser.
God bless her, this one. I feel her.
Target rules.