erdn posts

Feed

Battling for Britney's bucks

The New York Times reports that despite a fortune ranging from $50 million to $125 million, the battle for mentally unstable Britney Spears's money is raging. She's a shrewd business person -- generating cash from royalties, concerts, clothing, perfume, corporate promotions and real estate.

But she's also spending a lot of that money. She takes in $720,000 a month but mainly from royalties, but earns "only" $13,000 a month from investments. Her spending includes $102,000 a month for entertainment, gifts and vacation and $16,000 for clothes. Yet court documents reveal that members of Britney's household have been paying for her medicine, food, and other day-to-day needs.

While Britney makes some money from her albums -- she received a $4 million advance on her latest Blackout -- the real money is in concerts and the clothing and other items sold there. Her five major tours have sold some $140 million in tickets but her take -- after deducting costs for arena rentals, equipment, crew and all those backup dancers -- is much smaller. The real money is made from the sale of T-shirts, key chains, dolls and other Britney-branded goods.

Continue reading Battling for Britney's bucks

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 11:33 PM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328934814456 ms.