She may be free, but Jamie Spears and Britney Spears’ conservatorship issues are far from over. Less than a month after Los Angeles Superior Court Judge Brenda J. Penny terminated Britney’s conservatorship and ruled that she was fit to manage her own estate, her father, Jamie Spears, asked for “access” to her finances one more time.
Variety reported on December 8, 2021, that Jamie—who was the conservator over Britney’s estate from 2007 to 2021—appeared remotely by phone at a court hearing where his attorney asked the court for him to “access Britney’s estate plan,” which was “quickly objected.” “In a normal situation, a normal person would never have to show their estate plan,” said an attorney for John Zabel, a certified public accountant who was asked by Britney to help with her finances, told the court, according to Variety. The magazine also reported that Jamie’s attorney told the court at one point: “I propose that we behave like grown-ups.”
Jamie’s request to access Britney’s estate again comes after Judge Penny removed him as the conservator over her estate—a role he’s held since her conservatorship started in 2008—in August 2021. Britney’s conservatorship was terminated three months later.
According to Celebrity Net Worth, Britney is worth $60 million. Per a 2021 report by Forbes, Jamie has made at least $5 million as Britney’s conservator since he took on the role in 2008. Per court documents reviewed by Forbes, Britney has had to pay her father $16,000 per month since February 2009 as her conservator. In 12 years, that amount has equaled to $2.4 million. In legal documents filed in August 2021, Britney’s lawyer, Mathew Rosengart, claimed that Jamie spent more than $1.3 million in attorney fees from October 2020 to June 2021. He also alleged that Jamie asked for $541,000 in the past year for “media matters” as Britney’s conservator. “There has been an evident dissipation of assets of Ms. Spears Estate, and that dissipation is ongoing,” he said.
Per a 2021 report by The New York Times, Jamie also received a cut of Britney’s touring revenues. The newspaper reported that Jamie received 1.5 percent of gross ticket and merchandise sales from Britney’s Piece of Me Las Vegas residency, which ran from 2013 to 2017. The show grossed $137.7 million, according to Caesars Entertainment, which left Jamie with a cut of $2.1 million. The New York Times also reports that Jamie received a 2.95 percent commission from Britney’s 2011 Femme Fatale tour, which would have made him at least $500,000.
Along with her court-ordered salary to her father, Britney had to pay for Jamie’s $2,000-per-month office, which has cost her almost $300,000 in 12 years. Britney also had to pay estimated millions of dollars in legal fees for both her attorney and Jamie’s. According to Forbes, court records from 2018 to 2019 reveal that Jamie’s law firm at the time, Freeman, Freeman and Smiley, charged Britney $170,000 for her father’s legal fees. From 2016 to 2018, Britney’s former attorney, Samuel D. Ingham III, was paid $331,940.50 for 698.7 hours of work at $475 per hour while representing her.
At her court hearing in 2021, Britney slammed the California court system for allowing her father to make so much money off of her. “It makes no sense whatsoever for the state of California to sit back and literally watch me, with their own two eyes, make a living for so many people and pay so many people, trucks and buses on tour, on the road with me, and be told I’m not good enough,” she said. “It’s been a long time since I’ve owned my money, and it’s my wish and my dream for all of this to end.”
Image: Courtesy of Delacorte Books.
For more about Britney Spears, read her 2001 book, A Mother’s Gift. The semi-autobiographical fiction novel, which was co-written with Britney’s mother Lynne Spears, follows Holly Faye Lovell, a 14-year-old girl from the small town of Biscay, Mississippi, who has dreams of becoming a singer. When Holly becomes the youngest student ever to win a scholarship to the prestigious Haverty School of Music, she must make a choice of whether to leave her mother, Wanda, behind or pursue her dreams. As Holly starts her new life and makes posh new friends, she finds herself embarrassed by her mom and their humble background, as Wanda struggles with a long-hidden secret that could destroy her bond with her daughter forever.
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