Home Health Skin Care Jamie Spears Net Worth 2021: How Much Britney Spears’ Dad Makes From Her

Jamie Spears Net Worth 2021: How Much Britney Spears’ Dad Makes From Her

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Since Britney Spears’ conservatorship started in 2008, #FreeBritney supporters have puzzled what Jamie Spears‘ web price is and the way a lot he constituted of his daughter earlier than formally stepping down as her conservator.

Britney’s conservatorship was created in February 2008 after her divorce from Kevin Federline and a collection of occasions that led to her hospitalization in January 2008. Britney and Kevin, who share sons Jayden James and Sean Preston, finalized their divorce in July 2007. Six months later, Britney was admitted right into a drug rehabilitation middle. The subsequent day, she was photographed shaving her head with digital clippers. In January 2008, Britney was hospitalized after police arrived at her dwelling and claimed that she had been below the affect of an unidentified substance. Federline was given sole custody of her youngsters, and she or he was later admitted to a psychiatric ward below a 5150 involuntary psychiatric maintain.

After her hospitalization, the California courtroom positioned Britney below a conservatorship, which gave Jamie and her legal professional on the time, Andrew Wallet, full management over her belongings. In March 2019, Wallet resigned as Britney’s co-conservator, which left Jamie as the only real conservator over Britney’s property. As her conservator, Jamie had full management over Britney’s monetary and private choices. He additionally had entry to her medical information and was able to limiting guests for her. In addition, Jamie had oversight over her property, which included negotiating alternatives and managing her monetary belongings.

This all modified in August 2021, nonetheless, when Jamie Spears filed courtroom paperwork asserting he would resign as her co-conservator following mounting stress from Britney’s new lawyer, Mathew Rosengart, to step down. In his submitting, Jamie claimed there have been “no actual grounds for suspending or removing” himself from her conservatorship, however in the end determined to step apart as he “does not believe that a public battle with his daughter over his continuing service as her conservator would be in her best interests,” the paperwork learn, as per TMZ. Now that he’s now not Britney’s conservator, nonetheless, the query of Jamie Spears’ web price—and the way a lot cash he constituted of “living off” his daughter—stays. Keep on studying beneath for all the pieces we all know.

How a lot did Jamie Spears make from Britney Spears’ conservatorship?

So how a lot did Jamie make from Britney’s conservatorship? At a court hearing in June 2021, Britney accused Jamie and different members of the family of residing off of her for years. “Considering my family has lived off my conservatorship for 13 years, I won’t be surprised if one of them has something to say [against ending my conservatorship],” she mentioned. “I just don’t like feeling like I work for the people who I pay.”

She additionally claimed that Jamie had put her on lithium in opposition to her will, pressured her to maintain an IUD, work seven days every week and never permit her to marry or have youngsters. “The control he had over someone as powerful as me — he loved the control to hurt his own daughter 100,000%. He loved it,” she mentioned. “I worked seven days a week, no days off, which in California, the only similar thing to this is called sex trafficking.”

According to Forbes, Jamie has made not less than $5 million from Britney’s conservatorship. Per courtroom paperwork reviewed by Forbes, Britney has needed to pay her father $16,000 monthly since February 2009 as her conservator. In 12 years, that quantity has equaled to $2.4 million.

In authorized paperwork filed in August 2021, Britney’s lawyer, Mathew Rosengart, claimed that Jamie spent greater than $1.3 million in legal professional charges from October 2020 to June 2021. He additionally alleged that Jamie asked for $541,000 prior to now yr 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 mentioned.

Per a 2021 report by The New York Times, Jamie additionally obtained a reduce of Britney’s touring revenues. The newspaper reported that Jamie obtained 1.5 p.c of gross ticket and merchandise gross sales from Britney’s Piece of Me Las Vegas residency, which ran from 2013 to 2017. The present grossed $137.7 million, in accordance with Caesars Entertainment, which left Jamie with a reduce of $2.1 million. The New York Times additionally stories that Jamie obtained a 2.95 p.c fee from Britney’s 2011 Femme Fatale tour, which might have made him not less than $500,000.

Along along with her court-ordered wage to her father, Britney needed to pay for Jamie’s $2,000-per-month workplace, which has value her nearly $300,000 in 12 years. Britney additionally needed to pay an estimated thousands and thousands of {dollars} in authorized charges for each her legal professional and Jamie’s. According to Forbes, courtroom information from 2018 to 2019 reveal that Jamie’s legislation firm on the time, Freeman, Freeman and Smiley, charged Britney $170,000 for her father’s authorized charges. From 2016 to 2018, Britney’s former legal professional, Samuel D. Ingham III, was paid $331,940.50 for 698.7 hours of labor at $475 per hour whereas representing her.

According to a 2018 submitting by Jamie’s legal professional, Britney’s conservators claimed that her “estate was nearly out of funds and cash equivalents” when her conservatorship was created in 2008. The paperwork state that, between 2014 and 2018, Britney’s property elevated in worth by $20 million on account of her conservators’ administration of her belongings. “The problems were of epic proportions over a period of years,” the submitting reads, in accordance with Forbes. “Extraordinary skills have been employed by all in order to achieve the results enjoyed at the present time. [The conservator, Jamie Spears] has had many months at a time where all of his professional time was spent in services rendered exclusively to the conservatee.”

At her courtroom listening to in 2021, Britney slammed the California courtroom system for permitting her father to make a lot cash 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 mentioned. “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.” With his resignation, it appears Britney’s dream is one step nearer to coming true.

Framing Britney Spears is offered to stream on Hulu. Here’s how to watch it for free.

"A Mother's Gift" by Britney Spears, Lynne Spears

Image: Courtesy of Delacorte Books.

For extra about Britney Spears, learn her 2001 ebook, A Mother’s Gift. The semi-autobiographical fiction novel, which was co-written with Britney’s mom Lynne Spears, follows Holly Faye Lovell, a 14-year-old lady from the small city of Biscay, Mississippi, who has goals of turning into a singer. When Holly turns into the youngest scholar ever to win a scholarship to the celebrated Haverty School of Music, she should make a selection of whether or not to go away her mom, Wanda, behind or pursue her goals. As Holly begins her new life and makes posh new associates, she finds herself embarrassed by her mother and their humble background, as Wanda struggles with a long-hidden secret that would destroy her bond along with her daughter ceaselessly.

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