The once sensational pop star, Britney Spears, has been through enough tough situations for a lifetime. From drug and other substance abuse issues and bad relationships to staring down the end of a barrel in financial woes and intriguing feuds with other celebrities, Spears has been plagued with one problem after another. After the battle for her conservatorship ended, it was reported that Spears was worth $60 million (via Forbes).
However, that net worth does not seem enough to handle Spears’ current lifestyle, especially since she is not making new music or taking up new jobs at present. The most recent reason for her making headlines is the landmark deal of her entire music career catalog for an approximate figure of $150-$200 million. The singer has been facing some financial problems that have led to her making such a huge decision. This has led to her current net worth being $130 million (via Celebrity Net Worth).
How Did Britney Spears Go Broke?
Britney Spears is known for being the ultimate pop star in the 2000s, when she was at the peak of her popularity. With many hit songs to her name and a personal life that intrigued her fans, Spears was always in the headlines, sometimes for the wrong reasons, too.
The recent sale of her music catalog raised many speculations online about her financial viability. A source close to the singer revealed to Radar that Spears is facing terrible problems on the financial front. The insider claimed,
People around Britney are seriously alarmed because this isn’t just about one tax bill or a bad month. Her money has been flying out the door for a long time, and it’s finally catching up with her. She sold the rights because she was in danger of going broke. It was a way to stop the bleeding before it was too late.
Spears is known to indulge in a pretty lavish lifestyle where she routinely takes expensive vacations and treats herself to a massive entourage. Though her loved ones have expressed concern over her spending habits, Spears has never paid heed to them. But it seems like the situation is dire now, as the deal shows Spears is desperately in need of money to settle debts and pay pending bills.
What Is Britney Spears Doing Now?
The singer has not released any new singles or albums in the recent past. She has largely remained away from the public eye and maintained distance from the press. Spears has been known to spend this downtime with her family since she has also faced custody battles in the past for her 2 sons, Preston and Jayden. There was also a speculation that her sons are not speaking to her anymore, even though Spears is doing everything in her power to get them back.
Spears vowed never to perform in the US again. Instead, she is setting her sights on the United Kingdom and Australia for shows and music performances. She said so in a recent Instagram post. Though we don’t know if Spears wishes to return to the music industry by creating more songs, we know that she is not quitting the game altogether just yet.
Fans will have to wait and see what the Gimme More singer eventually does. Share your thoughts in the comments!
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