Last Saturday Britney Spears got to visit with her sons, Sean Preston, 2, and Jayden James, 17 months, after a 2-month absence while the pop tart has been treated in a mental facility and otherwise acting crazy. The visit came with strings attached though - it was supervised by her father Jamie and her psychiatrist in her Hollywood home.
That's a bit of good news for Brit, but then there's this: it has been revealed the 26-year-old singer has "lost" $60 million in 12 months of extravagant spending, some 60% of her wealth.
Last year, Britney was listed by Forbes magazine as having an estimated wealth of more than $100 million. However, in court papers recently filed by Britney's lawyer Adam Streisand, the 'Toxic' star's estimated fortune has now dramatically shrunk to $40 million - raising questions about the shortfall in her earnings.
A source said: "Britney has been spending like a woman possessed for the past 12 months, splashing her cash on private jets, hotels, and legal and medical bills."
"Her parents were horrified when they looked at her accounts."
As for the reconciliation with her kids, Mark Vincent Kaplan, the lawyer for Kevin Federline, said his client had been instrumental in reinstating Britney's visitation rights, adding: "The process of reinstating the children's mother as a participant in their lives can commence."
