Britney Spears Is 'Not Broke, Flies Private’ Says New Report After Bankruptcy Claims

Britney Spears' mental health and finances made headlines. (Photo Credits: Instagram)

It was reported that Britney Spears was 'going broke,' but sources now update that she is not 'going broke,' but is reportedly blowing through her $60 million estate.

The long-running court battle between Britney Spears and her father Jamie Spears, the former conservator, over how he handled her funds during the 13-year conservatorship has been resolved. Jamie had complete authority over Britney’s finances throughout the conservatorship, dictating to her when and how much she could spend. According to TMZ, now that she has complete control over her finances, Princess of Pop is in “serious danger” of going bankrupt. However, a source informed Entertainment Tonight (ET) that the singer is “far” from it.

“While Britney flies private and enjoys vacations, she’s far from going broke,” according to the ET source.

They also stated that she is set to recuperate from the continuous successful sales of her memoir and audiobook. The source claims that since its debut in October 2023, sales of the memoir The Woman in Me and its audiobook have surpassed 2.5 million copies in the US and the UK alone. It also rose to the top of the New York Times bestseller list.

The source went on, “Major producers are also vying for the rights to her memoir.”

According to earlier reports from TMZ, Spears is doing even worse than she did when under conservatorship and is in “serious danger” to both her finances and mental health. Her mental condition is also described in the report as “completely dysfunctional.”

It said that she is unsupervised now that the conservatorship is over.

According to TMZ, the singer’s mood swings are “shocking.”

That being said, a source earlier told ET that Britney “is thrilled and relieved it is over” and “is extremely happy this is all behind her, fully.”

On November 12, 2021, a Los Angeles court ended the conservatorship, giving the Grammy winner her autonomy back and exclusive access to her $60 million estate for the very first time since February 1, 2008.

Page Six was informed on Monday by multiple insiders that the pop diva is “blowing” through her finances at an alarming rate. An insider revealed why Britney is spending her money so rapidly stating, “She has no concept of money. For over a decade, other people were in charge of her bank accounts, and every purchase had to be reported to the court — even if it was just a pack of gum. But now, she’s on her own.”

The individuals in Britney’s closest circle are “in a precarious position,” according to a second source who spoke with Page Six, since they don’t want to upset her or give her the impression that she is once again under conservatorship by voicing worries about her spending.

The singer’s previous tour ended in October 2018, and she hasn’t released an album since August 2016.

Citing her experiences with trauma, she said on Instagram in January that she “will never return to the music industry.”

Since her conservatorship ended, Britney has nevertheless produced two significant works: The Woman in Me, her book published in October 2023 that quickly became a New York Times bestseller, and Hold Me Closer, her August 2022 duet with Elton John that peaked at number 10 on the Billboard Hot 100.

The source for Page Six claims, “She’s not broke, but she definitely could benefit from being more careful with her cash.”