How Britney Spears Raked in $40 Million in 2023 Through Her Memoir and Music Catalog Success

Britney Spears received a significant increase in her bank account this year, thanks to her multiple projects.

According to a source, she earned $40 million in the past year. This boost in income came from her bestselling memoir, The Woman in Me, her duet with Elton John titled "Hold Me Closer", her fragrances, and royalties from her extensive music catalog. The source also mentioned that there are no financial concerns for her.

Spears, 42, has been financially successful in her career. However, some insiders have noticed her spending habits, which have surprised those close to her.

According to a second source, Britney loves to shop for clothes online. She tends to prefer "affordable" brands and doesn't usually splurge on designer items.

The insider revealed that Britney Spears often spends a lot of money on extravagant trips to places like Bora Bora and Hawaii, but she sometimes cancels them unexpectedly.

Some people are concerned about Britney Spears' financial situation as she continues to spend her money, especially since she was released from her 13-year conservatorship in 2021.

There was a plan for Britney’s daily life after her conservatorship ended, but unfortunately, it was not followed. According to a third source, the money is being spent rapidly.

Britney Spears Made 40 Million in 2023 Thanks to Her Best Selling Memoir and Music Catalog

Britney Spears Jeff Kravitz/FilmMagic

However, an additional insider added that Spears’ spending is “not a huge problem.”

"She does spend money on vacations and the clothes she flaunts on Instagram, but that's her choice. It's her money," a source mentioned.

Back in 2008, Britney's father Jamie Spears became her conservator after she went through a tough time following her split from Kevin Federline. The former couple has two sons together, Sean Preston, 18, and Jayden, 17.

Jamie was responsible for managing his daughter's estate and finances while she was under conservatorship. The legal arrangement was only ended in 2021. During this challenging period, Spears shared her experiences in her memoir.

In her own words, she expressed, "I felt like I was being treated like a child, losing parts of myself that made me who I am. The conservatorship took away my sense of being a woman and turned me into someone I didn't recognize. I felt more like a product than a person when I was on stage. Music had always been a part of me, in my bones and in my blood; they took that away from me."

Us confirmed in April that Britney had settled her legal battle with her estranged father, even though the conservatorship has not been in place since 2021.

Britney's attorney, Mathew Rosengart, expressed his admiration for the singer, stating, "It has been our honor and privilege to represent, protect, and defend Britney Spears. Ms. Spears is and always will be an icon and a brilliant and brave artist of historic and epic proportion." He added, "Although the conservatorship was terminated in November 2021, her wish for freedom is now truly complete."

After hearing the news, Britney marked her legal win by enjoying a glass of wine. (She had mentioned before that her conservatorship included regular drug tests and a ban on alcohol.)

In an Instagram post, she shared a picture of a 2019 bottle of Norton Malbec with a heartfelt message. "Love has the power to heal everything," she wrote. "And let me tell you, real wine tastes amazing too!!! Can't believe this is my first time trying real wine. Jesus Christ!"

For more on Britney, watch the video above and pick up the latest issue of We, on stands now.

Editor's P/S:

Britney Spears' financial journey is a captivating tale of triumph, excess, and the challenges of regaining autonomy. After amassing a substantial fortune through her successful music career, her spending habits have raised concerns among insiders. While her love for online shopping and lavish trips is understandable, the rapid depletion of her wealth is alarming, especially considering the years she spent under a conservatorship that controlled her finances.

It is crucial to note that Spears' newfound freedom after the conservatorship may have contributed to her increased spending. However, it is essential that she finds a balance between enjoying her hard-earned money and ensuring her financial well-being. The support of trusted advisors and the implementation of a financial plan could help her navigate this delicate situation and secure her financial future.