Friday, March 23, 2007
Britney Spears is worth an estimated $100 million. The singer's enormous wealth was revealed in leaked documents drawn up by the legal team who prepared her premarital agreement with estranged husband Kevin Federline. Britney, who has agreed to give Kevin $10 million in their divorce settlement, has made $26.5 million from her music career alone. Lea Goldman, the associate editor of business bible Forbes magazine, said: "She is a very wealthy woman and protected by an ironclad prenuptial agreement." Her contract with Zomba Records earned her $6.72 million for her last album 'Into the Zone' and the accompanying 2004 tour netted her an estimated $20 million. Music royalties from films and adverts make Britney around $60,000 a year.
She also has an estimated $33.25 million in six high-interest bank accounts. Her endorsement deals have earned her $21.6 million, including the record-breaking $9.27 million Pepsi deal she signed in 2001. The 'Toxic' singer also has deals with Samsung, Toyota, Kirin, Proactiv, Skechers and Nabisco. Britney's 2004 deal with Elizabeth Arden earns her royalties on best-selling signature fragrance Curious, plus a skin-care and cosmetics line. She is guaranteed to annually earn between $1.96 million and $2.94 million until 2009 from the deal. Her earnings from other merchandise, including dolls, T-shirts and posters amounts to $16.7 million.
Britney owns four homes, including properties in Malibu and Orlando, plus a vast Louisiana forest - the total worth of which is around $22.6 million. The 25-year-old has also earned $6.5 million from her TV appearances, plus magazine and film deals - including $3 million for her role in 'Crossroads'. Britney, who checked out of Malibu's Promises rehab centre this week, has been advised to try and revive her music career as soon as possible. Executive editor of Rolling Stone magazine Joe Levy said: "The best thing Britney can do right now is take some time away for herself and make a great record. The old saying is that she's just one hit away from a comeback. Side by side is the saying that there's no such thing as bad publicity." Forbes magazine recently ranked Britney as the 12th richest woman in entertainment.
Friday, March 23, 2007