Britney Spears Has Lost Over Half Of Her Fortune
Posted by Mitch Michaels on 02.25.2008
$60 million gone in less than a year...
Britney Spears was reunited with her sons on Saturday. Spears - who lost visitation rights to two-year-old Sean Preston and Jayden James, 17 months, earlier this year - spent three hours with the boys, along with her father Jamie and her psychiatrist, in her Hollywood home.
Ex-husband Kevin Federline's lawyer 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."
A court order preventing Britney from seeing her sons was put in place at the beginning of the year after she refused to return the children to Kevin. After police were called to her Los Angeles home, Britney was taken to a local hospital for psychiatric treatment.
Meanwhile, it has been revealed that Britney has "lost" $60 million in 12 months of extravagant spending.
Last year, Britney was listed by Forbes magazine as having an estimated wealth of more than $100 million. However, in recent court papers, her 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."
