Being Britney Spears is a multimillion-dollar business—and overseeing the money that flows through the pop star’s empire can also be a full-time job, one that dad Jamie Spearshas been devoted to since being named co-conservator of her estate in 2008.
And once again, it’s time for the accounting of his daughter’s fortune!
For starters, court documents obtained Tuesday show that Britney’s conservatorship significantly padded its assets over the past two years, ending 2012 with $36.4 million in property and cash, an $8.8 million uptick from how the books read in 2010.
Her 2012 net income from “trade or business” (not including $68 million in concert tickets sold or the reported $15 million she made from looking concered or telling people they were “amazing” on The X Factor) amounted to almost $13.9 million.
But if not problems necessarily, then mo’ money comes with mo’ expenses.
So, what does Britney have and where? And much does she have to spend to keep her family settled in the lifestyle to which they are accustomed?
In the assets department, as of Dec. 31, 2012, the divorced mother of two had $5.78 million in cash distributed among multiple bank accounts; $17.7 million in stocks, mutual funds and other investments; $1.55 million worth of furniture and equipment; and $264,988 million in jewelry, furs and antiques.
The list of returns, dividends and interest payments from her various non-cash holdings goes on and on—so we can also figure that Britney’s business managers think fast and carry big calculators.
Interestingly, we can also see the gifts of Britney’s past labors that keep on giving: She banked $2,243.64 in residuals from repeats of the two episodes of How I Met Your Mother that she appeared on in 2008 (remember crazy Abby?!), as well as $437.50 fromBridesmaid‘s use of her tune “I’ve Just Begun.”
The possibly Vegas-bound entertainer also sold off some unspecified real estate for $4.3 million and replaced the fleet, banking $135,800 from sales of a 2002 Ford Think Golf Cart, a 2008 Mercedes, a 2010 BMW 335i and a 2004 Ferrari ($78,000 from that alone).
And then, there are the $6.78 million in expenditures, which sounds like a lot, but so much of it went to entities we’re totally familiar with, such as the cable company and Target.
Of course, Britney also had five residences to maintain, including homes she owns in Thousand Oaks, Calif., and Louisiana; a rental property in Hidden Hills, Calif., and the Summit Circle house in Beverly Hills that she’s been trying to sell for years. All told, the conservatorship spent more than $1.3 million in residential expenses.
Speaking of the conservatorship, it costs to maintain that, too. Britney’s estate spent almost $1.1 million on legal and fiduciary expenses, including the $133,333.33 that Jamie Spears made for being Britney’s personal conservator and co-conservator of the estate with attorney Andrew Wallet, who was paid $113,326.44.
Britney’s living expenses amounted to $252,359.52, with the largest amount—$76,159.18—going to “family support.”
The singer’s wardrobe and personal grooming budget totaled $33,959.19 and she shelled out $79,155.13 to personnel and assistants, as well as $36,000 for security services.
An American Express also got a nearly $47,000 workout at Spears-family-favorite haunts such as Vons and Gelson’s supermarkets, Target, Barnes & Noble, Walmart and Pottery Barn for household expenses.
Her various vehicles, including the ones she sold and a 2011 Cadillac Escalade and a 2012 Jaguar still in her possession, required $110,964.32 to lease, wash and otherwise maintain.Follow @Infocelebrity on Twitter!
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