Now that Britney Spears is out of her father’s controlling conservatorship, she has free reign over her money — but one insider claimed that’s caused her to go on one too many frivolous spending sprees.
“Britney was warned a few months ago that she was running into the red, but she didn’t change anything and kept on blowing her cash and now it’s happened,” a source spilled to a news publication. “She’s got a mountain of debts and no money coming in.”
Most of the singer’s money stems from years prior, as her last tour was in 2018. However, she has released a few tracks over the past two years: a successful collaboration with Elton John and one with will.i.am.
SOURCE: MEGAThe star’s father, Jamie Spears, controlled her money when he was her conservator.
This year, Spears increased her wealth by millions thanks to her memoir, The Woman in Me, which debuted last month.
Though the book made the New York Times‘ famous Best Seller list, the source spilled that the blonde beauty has already spent the $12 million advance she received for her work. They added that the net profits “won’t be enough to cover the deficit.”
SOURCE: MEGA’The Woman in Me’ hit shelves on October 24.
“It’s not all Britney’s fault given all the people who’ve leeched off her and continue to do so,” the insider explained. “But the problem is she doesn’t know how things add up. She was never formally educated about money and how it works, and now she’s paying a terrible emotional and financial price!”
