Latest / Fresh Intelligence / EXCLUSIVE: Britney Spears Financial Fears - Pals Gripped With Worry Tortured Songbird Could Blow Dough After Selling Song Archive
Transcript
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- 0:18[SPEAKER_00]: Spend a Hallock Britney Spears recently secured a significant $200 million payday by selling her music catalog, but friends are concerned she'll quickly squander her fortune, radaronline.com reports.
- 0:29[SPEAKER_00]: An insider stated, this money should be a safety net for Britney, but the fear is that she'll quickly squander it, revealing that the 44-year-old Pop-Icon has zero impulse control regarding her finances.
- 0:40[SPEAKER_00]: Brittany's spending spree has raised alarms among her friends.
- 0:44[SPEAKER_00]: She's been spending of scene amounts since she closed this deal.
- 0:47[SPEAKER_00]: Note at the insider, adding that she's indulged in luxury trips, extravagant jewelry, luxury cars, and even considering purchasing a mega yacht.
- 0:55[SPEAKER_00]: The source highlighted that Brittany is surrounded by hangars on who exploit her generosity and live lavishly at her expense.
- 1:01[SPEAKER_00]: Since selling her catalog to primary wave music, which owns the works of artists like Prince and Whitney Houston, she's been buying extravagant gifts for them.
- 1:09[SPEAKER_00]: But the insider lamented, it's such a waste of money because these people are not genuine.
- 1:14[SPEAKER_00]: She gets taken advantage of.
- 1:16[SPEAKER_00]: Britney's financial troubles are exacerbated by her past.
- 1:20[SPEAKER_00]: After being under a conservatorship, managed by her father Jamie Spears since 2008, she lacked experience handling money herself.
- 1:27[SPEAKER_00]: According to the source, the $200 million sale is like giving a teenager a couple of 100 million in a lot of ways.
- 1:34[SPEAKER_00]: Recently, she has been losing money rapidly, often retreating to Mexico on private jets, spending $20,000 per night on villas for her and her crew, including a bodyguard.
- 1:44[SPEAKER_00]: Additional spending on room service and spot treatments adds thousands more.
- 1:48[SPEAKER_00]: Brittany's habits extend to late night shopping sprees when she's unable to sleep.
- 1:52[SPEAKER_00]: With limited income inflow, a sigh from her 2022 book deal for the woman in me.
- 1:57[SPEAKER_00]: Friends fear she could quickly deplete her newfound wealth since she hasn't released an album in nearly a decade and has ceased touring.
- 2:03[SPEAKER_01]: Once the $200 million is gone, her financial future appears uncertain.