Ooops I spent it again ... how Britney blows €530k a month

SHE may be one of the biggest pop stars in the world, but she spends like no other.

Ooops I spent it again ... how Britney blows €530k a month

Court papers in Britney Spears’ custody dispute with ex-husband Kevin Federline show the troubled singer spends lavishly on clothes and entertainment, but does not save or invest any of her €530,000 monthly income.

Her monthly expenses include €35,404 in mortgage payments for two houses, €11,500 for clothes and €73,300 on entertainment, gifts and holidays, according to her financial declaration in the court papers released yesterday.

Although she is often photographed eating fast food, Spears declares she spends about €3,419 a month dining out.

But she spends nothing on education, savings and investments and gives €360 a month in charitable contributions, the documents say.

She has to pay Federline €10,800 a month in child support and €14,400 in spousal support. Spousal support will end on November 15.

Federline’s biggest monthly expenses include €5,400 in rent and €4,300 in security, according to his financial declaration.

The former dancer has a comparably modest monthly budget for clothes — just €1,400.

The rapper also spends about €3,600 on entertainment, gifts and holidays and €1,100 eating out.

Federline earned more than €359,360 in 2006, mainly from entertainment and endorsement deals, but after business expenses only grossed €5,344 that year.

Calls to lawyers representing Spears and Federline were not immediately returned.

The documents also show Spears had to temporarily surrender custody of her sons to Federline because she defied a court order.

In a September 28 order, Superior Court Commissioner Scott Gordon banned the divorced couple from driving their children unless they were properly insured and had a valid driving licence.

The pop star disobeyed the order when she was photographed driving Sean Preston, 2, and Jayden James, 1, a few days after the order.

She was ordered on October 2 to relinquish her children “until further order of the court” when she was unable to prove, in compliance with Comm Gordon’s order, a valid California driving licence.

The two previously had joint custody of their sons, and Federline was seeking a greater share of custody.

After he got temporary custody, Spears went to a motor vehicles department office and got a temporary driving licence.

x

More in this section

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited