Financial advisors to Britney Spears are taking over to make sure the pop star and her two young sons, Sean Preston and Jayden James, will be set for life - even if she never makes another album. They've gotten rid of scab manager, Sam Lufti, taken over her finances, and will even be selling her excessive number of cars - yes, all the wrecked Mercedes cars - to get her back on the road to normalcy.
“If Britney Spears never goes back to work, there is no reason she and her kids shouldn’t be able to live a very comfortable life with the kind of money she has in the bank,” said a source close to the Spears family told OK! magazine.
As for what is exactly in the bank, “Those figures of $100 million or more were so off the mark,” the source said. Best estimates for her net worth are in the $40 million range, according to several people with knowledge of Spears’ finances.
In order to save some of her fortune for the future, Brit has been placed on a tighter budget, going from a high of $100,000 a month on entertainment and vacations to a mere 10 percent of that.
It's believed her $16,000-a-month clothing allowance will get halved; and as of April 1, Britney will let go of her $30,000-a-month Malibu home she hasn’t been to in months.
“It’s taken a huge team to bring some normalcy out of the chaos that existed,” the source told the magazine. “This team will have to be in place for years.”
Andrew Wallet, the co-conservator of Spears' estate, was granted permission to sell some of the singer's cars in a court ruling on Monday. Wallet shares control of the pop star's legal and financial affairs with her father Jamie Spears.
Presiding Judge Reva Goetz also extended the restraining order against Spears' former manager Sam Lutfi for another month.
