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Bankrupt Britney

We recently heard that Michael Jackson has to sell his Neverland ranch because of his increasing debt. Now it seems another multi-millionaire child star could also be facing the same fate.

Britney Spears, whose fortune just a few years ago was estimated at $125 million, is now said to have plummeted to a comparatively low $50 million. Ok, so $50million is still a huuuuge amount of money and Britney won’t be pawning her platinum records any time soon, but if she doesn’t start counting her pennies, she could end up like Mr Jackson, who too was worth hundreds of millions of dollars.

Since Britney’s erratic behaviour began, she has not been working like she used to with tours making up a large part of her massive fortune. However, one thing she is doing is continuing to live the life she has become accustomed to, spending over £100,000 a month on clothes and entertainment.

It may seem unlikely that Britney will ever spend what she has earned over the years, but the fact of the matter is Miss Spears may never generate capital the way she used to, after her very public breakdown. People in this kind of industry generally have short-lived careers, so handling your money very carefully at this stage is imperative. Something Britney definitely needs to think about…

(Image: from YouTube)

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