Have you ever wondered what the net worth of Britney Spears is? Otherwise known as the Princess of Pop, Spears has graced the music industry with countless classic pop hits, such as Baby One More Time, Oops I Did It Again, Toxic, and more. There’s no doubt that you’ve belted out the lyrics to her songs over the years. After all, she is one of the world’s best-selling music artists and was deemed as the world’s most powerful celebrity in 2002 by Forbes.
But given her infamous mark on the music world, why is the net worth of Britney Spears only $70 million? In this post, we dive into the pop singer’s rise to stardom, how she became the “it girl of the pop world, and the struggles she’s faced along the way, including a 13 year long conservatorship that sparked the ongoing #FreeBritney movement.
Early Life & Baby One More Time
Growing up and singing in her church choir in Kentwood, Louisiana, Spears knew she was destined to be a singer from a very young age. Throughout her childhood, she constantly competed in and won several kids’ talent shows.
Her first professional role was as the understudy of the lead role in the off-broadway musical Ruthless. However, her first big break as a child was when she was cast in The Mickey Mouse Club in 1992, along with stars like Justine Timberlake and Ryan Gosling.
In 1997, Spears was looking to advance her music career and signed with Jive Records at only 15 years old. She released her first studio album Baby One More Time, in 1999, which became the best-selling debut album by any artist, and became the biggest selling album ever by a teenage artist. Baby One More Time sold over 10 million copies, ranked number one on the US Billboard 200, and was certified platinum by the Recording Industry Association of America after only a month. The single Baby One More Time was number one on theBillboard 100 for two weeks and is one of the best-selling singles of all time.
Brittany’s Rise To Stardom
It’s no doubt that Spears quickly rose to stardom in a short period, but the fame and fortune didn’t stop there.
In 1999 Spears headlined her first tour and in 2000 released her second album Oops!… I Did it Again, which became another best-selling album of all time. In 2001, she was a special guest at the Superbowl halftime show, famously performed with a seven-foot-long snake at MTV’s Video Music Awards, and released her third album Britney. In the years to come, Spears gained more creative control over her music and co-produced most of the material on her fourth album In the Zone and the hit single Toxic, which won a Grammy for Best Dance Recording.
In 2004, Spears married dancer Kevin Federline and they both starred in their reality show Britney and Kevin: Chaotic. The two welcomed their first son Sean Preston in 2005 and their second son Jayden James in 2006.
Although Spears may have appeared to be living the dream, in 2007, her personal struggles were broadcasted for the world to see.
In January 2007, Spears lost her aunt to ovarian cancer and stayed in a drug rehabilitation center for less than 24 hours in February of that year. The next day, Spears shaved her head and attacked a paparazzi with an umbrella, a moment that was widely captured by the media. After shaving her head, she was admitted to rehab, but again lasted less than a day. Come that July, Spears, and Federline got divorced, and she lost custody of her two sons.
Despite clearly struggling through a difficult time, Spears’ record label prepared for her next album, Blackout, and scheduled her to perform at the VMA’s just seven months after her infamous breakdown. Unfortuntaley, the artist’s performance of “Gimme More” was widely panned by critics, for Spears was half-heartedly singing and dancing along to the songs.
In 2008, Spears suffered another breakdown in which she took prescription amphetamines and locked herself in her bathroom with one of her sons, refusing to hand him over. Once emergency officials got Spears out of the bathroom, she was placed on a 5150 psychiatric hold, which is used to hold patients that are a danger to themselves or others.
After that, Spears was placed under a court-ordered conservatorship, a legal arrangement intended for people who are deemed incapable of taking care of themselves.
Her Father, Jamie, and attorney Andrew Wallet were co-conservators and in complete control of her personal and economic assets. Jamie and Wallet were essentially in control of the singer’s life.
Despite overcoming many obstacles, Spears was able to land back on top by the end of 2008. The documentary Britney For the Record showcased Spears’ comeback and was a hit among audiences. She came out with yet another number one album, Circus, and was the youngest female artist to have five albums to debut at number one, which earned her a Guinness World Record.
At the VMA’s that year, Spears pre-taped a comedy sketch with Jonah Hill that was well received by audiences, and she won awards for Best Female Video, Best Pop Video, and Video of the Year.
She embarked on another massive world tour for Circus in 2009, released her album Femme Fatale in 2011, and was a judge on the X-Factor in 2012, where she earned a reported salary of $15 million, making her the highest-paid judge of all time on a singing competition show. In addition, from 2013-2017, Spears had a Las Vegas residency, in which she performed concert after concert in the same location, which grossed over $137.7 million.
With five hit records, six world tours, and a wildly successful residency on top of numerous awards and accolades under her belt at this time, it seemed like nothing could stop Spears.
The #FreeBritney Movement & Conservatorship News
By 2018 Spears stopped performing. In 2019, Wallet resigned as co-conservator without stating why, and her father Jamie became the sole conservator of her estate. That same year, she was supposed to embark on another Las Vegas residency that would’ve earned her $350 thousand a night, yet she ended up canceling it after her father suffered a colon rupture.
According to a fan podcast, Britney’s Gram, Jamie had allegedly canceled Spears’ second Las Vegas residency because she refused to take her medication. Jamie was also accused of holding Spears in a psychiatric facility against her will after breaking a no-driving rule. The podcast also claimed that Spears’s conservatorship was supposed to have ended in 2009.
These allegations gave rise to the #FreeBritney movement. Fans, celebrities such as Miley Cyrus, and nonprofit organizations such as the American Civil Liberties Union demanded that she be released from the psychiatric facility.
The #FreeBritney movement began in 2009, and the movement continues to proliferate in 2021. People everywhere continue to fight for her freedom, and it’s evident that the singer wants her life back.
Most Recent Conservator News
In November 2020, Spears filed an official motion to remove her father as co-conservator. According to an article from Forbes, Spears told her lawyer Samuel D. Ingham III on many occasions that she is afraid of her father and wouldn’t perform again if he was in charge of her. Additionally, an article from Glamour stated that Spears’ lawyer requested that Bessemer Trust Company become the sole conservator. However, the judge denied Spears’ request to remove her dad as conservator, and Bessemer Trust was named as the co-conservator.
Spears recently spoke out in court on June 23, 2021, where she revealed more details about the conservatorship. Spears called the conservatorship abusive and that she felt forced to perform. She also had a lack of privacy, was forced to obtain an IUD as a form of birth control, had to take mediation, such as lithium, against her will, and was forced to attend therapy sessions, per CNN.
Ultimately, Spears noted how the conservatorship was doing more harm than good– she is traumatized, scared, and alone. After a long 13 years under someone else’s control, the artist is pleading for her life back.
Bessemer Trust resigned as conservator because of Spears’ testimony and her desire to end the conservatorship, which officially leaves her father Jamie as the sole conservator, according to an article from People.
There will be another hearing on July 14 to reassess Spears’ case, but until then, it is clear than fans and celebrities everywhere are fighting to #FreeBritney.
Britney Spears Net Worth 2021
As of 2021, Britney Spears has a net worth of $70 million. It is evident that Spears’ conservatorship is impacting her mental and psychical health and well-being, but what you may not have known is that it impacts her net worth too.
Spears has sold more concert tickets and albums than stars such as Jessica Simpson and Jennifer Lopez, whose networks are well over $100 million. In 2002, Forbes named her the most powerful celebrity for she already had a net worth of $40 million. And that was only three years after she entered the pop world with Baby One More Time, so why hasn’t her net worth grown much since?
Given her insanely successful career that included numerous best-selling albums, tours, and a concert residency that earned millions, the star appears to have earned a fortune. But it’s the conservatorship that’s caused a detriment to her net worth.
According to ShowBiz CheatSheet, Spears herself is not a big spender on personal items– the expenses come directly from her conservatorship, which her father controls. Since 2008, Spears has paid millions of dollars in legal fees and child support to her ex-husband Federline, and most of her assets are held in brokerage accounts, real estate, and cash, per Forbes.
Although the #FreeBritney movement aims to put Spears back in control of her personal life and release her from the abuse and control, she’s been forced to endure. The movement also wants her to be able to control her financial life too.
#FreeBritney aims to put Spears back in control of her personal life,
Spears has not only taken a mental and physical toll from this conservatorship but a financial one too. #FreeBritney, for control over her personal life and her well-deserved fortune.
- Follow your Dreams: This may sound like the most cliche and basic saying, but if you have your heart set on doing one thing in your life, then do it. Britney Spears knew from the start that she wanted to be a singer, and began following her dreams at a young age– and look at her net worth! Nothing should come in between you and your dreams, whether it be your age, gender, financial status etc. Set your mind to it and achieve your goals.
- When you get knocked down, don’t be scared to get back up: It’s no doubt that Britney had her fair share of ups and downs. As a star in the limelight, Britney’s fallbacks were cast all over the media, which made her situation worse. But instead of getting discouraged, she got back up and started producing music again and landed back on top with another number one album. Just because you hit a bump in the road from time to time doesn’t mean you should stop driving.
- Fight for yourself: You know what you deserve and how you should be treated. Unfortunately, Britney has been suffering under a 13-year-long conservatorship in which she has no control over her personal and financial life. Still, she’s recently taken a stand to get her life back. Although this hasn’t been easy, she’s standing up for herself and fighting for her rights. You may not be going through the exact same situation as her, but the important lesson here is to never give up on getting exactly what you deserve.