How Britney Spears Achieved a Net Worth of $60 Million
Britney Spears is an American singer, songwriter, dancer, author, and actress. According to Forbes, her net worth is $60 million. In her 30 years old career, Britney Spears has had multiple ups and downs affecting her net worth. The most notable one was in 2007, when she had a public meltdown, and her father got a conservatorship order for her wealth. Keep reading for more details about Britney Spears net worth.
Britney Spears Basic Information
- Real names: Britney Jean Spears
- Net worth: $60 million
- Gender: Female
- Date of birth: December 2, 1981
- Place of birth: Mississippi, United States
- Profession: Singer-songwriter, actress
- Height: 1.63m
Britney Spears was born in Mississippi but grew up in Kent, Louisiana. She was born to Jammie Spears and Lynne Spears and had two siblings.
Britney has loved singing since she was a small kid. She could be heard singing or dancing while doing her daily chores and this prompted her parents to take her to dancing classes.
Britney had undergone extensive vocal and dancing lessons at eight, including performing at shows. She also tried her luck at the then-popular “The All-New Mickey Mouse Club” but was let down due to her young age.
Two years later, Britney auditioned again for ‘Mickey Mouse,’ and this time she got the chance. She met Justin Timberlake, Christina Aguilera, and other stars who further helped her grow her singing career.
Career Growth and Rise to Fame
Britney Spears’ career growth started immediately after joining The All-New Mickey Mouse Club (from 1989 to 1994).
Her earnings during the time of the show are unknown, but it most likely gave her first paychecks and created more ways for her career growth.
In 1998, Spears hit the studio and released her debut album ‘hit me baby one more time.’ The album was a hit, and her name eventually became a household name.
One year later, she sold more than 10 million copies of the album, which was a big financial boost to her networth.
In 2000, she released her second album, and surprisingly, it sold more than 1.3 million copies in the first week! In 2001, she released her third album and signed a multi-million deal with Pepsi.
Britney was consistent with her singing career and would release an album almost every year.
In 2002, she was one of the most popular music stars in the world, with a string of hit albums.
She also did multiple world tours, which brought her thousands of dollars. During that same year, Forbes named her the most powerful celebrity in the world, with a net worth of $40 million.
Endorsements, Deals, and Business Ventures
Besides her singing career, Britney has had multiple endorsements, which have boosted her net worth. The most notable one is the Pepsi deal, which earned her $8 million, according to Business Insider.
Spears has endorsed other brands, including Versace, Polaroid, Samsung, iHeart radio, Herbal Essence, Skechers, NFL, and many more.
Britney is also a savvy businesswoman, having launched multiple businesses.
She has a fragrance line known as Britney Spears Fantasy and Curios Perfumes, as well as a clothing line known as the Intimate Britney Spears Collection.
Mental Health Illness and the Conservatorship Battle
Britney Spears had the lowest moment of her career in 2007/2008 when she suffered a published breakdown due to mental illness.
In 2008, she was admitted twice to the hospital for psychotic assessment, and the court established a legal conservatorship.
Her father, Jammie Spears, was given the conservatorship, which included managing Britney’s real estate, financials, and her.
According to the New York Times, Jammie had a salary of $16,000 per month at the time of conservatorship and used $2,000 monthly to rent the office space.
Jammie Spears has been in charge of her daughter’s assets until 2021, when he announced stepping down from the legal position.
Britney Spears’s health issue has been a significant drawback in her career, as it slowed down her career and endorsements.
Britney Spears was in a much-publicized relationship with Justin Timberlake. The relationship ended in three years due to cheating scandals.
In 2004, Britney wed Jason Alexander, but the wedding was annulled 55 hours after.
In September of the same year, she married Kevin Federline, and the couple bore two sons. However, Spears filed for divorce three years later and lost part custody of the sons.
In 2008, she lost full custody of the sons, which is believed to be the main reason for her mental breakdown resulting in the conservatorship.
In 2021, Spears announced a relationship with fitness coach Sam Asghari. The couple was expecting a child but announced a miscarriage on May 14, 2022.
How Much Britney Has Earned Over the Years
Britney has a current fortune of $60 million. According to Money Nation, Britney’s spear net worth should now be more than $350 million considering her success in the music industry.
However, the conservatorship, slowdown from music, slowdown from world tours, and spending are reasons why her fortune stands at $60.
This pop star gets her money from:
- Endorsement deals
- Album ale
- Perfume and lingerie lines
In the albums, Britney has gained at least $68 million from sales alone. The highest-earning album is Femme Fatal, with estimated earnings of $803,000.
Britney also earns from world tours, and the higher paid tour is M+M’s tour which earned her $270,000. However, the earnings are subject to tax, management fees, and agent fees.
Her perfume line business has also significantly boosted her net worth. Other ways through which Britney makes money include writing books—she already has four published books.
She is a part-time actress, and she also earns sponsorships.
Assets and Properties
Britney Spears has multiple houses and cars under her name.
The most notable property is the Los Angeles villa, worth $7.4 million. In addition, she owns a six-bedroom rented space in Britney, a thousand oaks villa worth $6.8 million, and her childhood home.
Besides houses, Britney Spears has a wide range of car collections, including Range Rover Sport, Mercedes CLK, jaguar XK, Maserati Gran Turismo, and Mercedes g55 AMG.
Why is Britney’s Net Worth so Low?
$60 million net worth is a respectable amount to us but is surprisingly small to a superstar like Britney Spears. Why?
Britney Spears has been to the same (if not higher) levels as Jenifer Lopez, Jessica Simpson, and other stars who are worth $100 million and above.
So, what’s the reason?
It’s all about the conservatorship issue. There have been multiple claims that the conservatorship issue is taking advantage of her, as the management squandered her wealth.
Though we don’t have proof of how much the conservatorship issue has taken, this issue affected her mentally and physically, slowing down her career.
Nevertheless, she released her first single since the conservatorship issue ended. The song is known as ‘hold me closer.’
Awards and Recognitions
Britney Spears has won multiple awards for her songs and artistic work. She has six Grammy awards nominations and six American music awards nominations.
The most notable awards include:
- Favorite pop new artist: American music awards 2000
- Best pop international: Bambi awards
- Best dance recording: Grammy awards 2010
- Famous international artist: iHeart radio awards 1999
- Best female artist: MTV Europe music awards 2004
- Best new act: MTV Europe music awards 1999
- Best pop video: MTV video music awards 2011
- Best recording: Walk of fame awards 2003
You can also read:
- How Kanye West Achieved a Net Worth of $1 Billion
- How Eminem Achieved a Net Worth of $230 Million
- How Rihanna Achieved a Net Worth of $1.7 Billion
- How Jennifer Lopez Achieved a Net Worth of $380 Million
- How Beyoncé Achieved a Net Worth of $500 Million