Wednesday, May 28, 2008

Money Woes for Britney Spears


Not long ago, Britney Spears had been crowned as the 'Queen of Pop'. With numerous hit singles, millions of albums sold and hugely successful tours, she was on her way to be enshrined as one of the greatest pop vocalist who ever lived.

But this Cinderella story came to a crashing end during the past few years, when things started to go horribly wrong in her life.The downfall began, starting with two failed marriages one which lasted only 18 hours and the other with an unknown backup dancer Kevin Federline with whom she had two children, to temporary moments of insanity like shaving her hair off and breaking the window of a car with an umbrella with the paparazzi around her.

All of her wild ways attracted a lot of legal problems on one hand and on the other she was being forced to make trips to rehab facilities to get rid of her alcohol problems and get a new lease on life.

The legal hassles, bills for psychiatric care, frequent trips to expensive rehab centers and the huge amount of alimony she had to pay in her divorce with Kevin Federline had taken a toll on her bank account. She was wasting millions and in February, 2007 Britney’s father, Jamie Spears estimated that about $61 million had been lost due to his daughter’s negligent ways.

Her various attempts to stage a come back have failed with her new albums failing to make a big impact and her rising cash problems forcing her to cancel tours.But as of now her situation seems to be improving with Daddy Spears hiring accountants to keep his daughter’s spending in check. All these seem to have helped, as Britney now spends about a fifth of what she used to.

As for her scores of fans, they just keep wishing and hoping that their idol bounces back from her problems and regains her lost glory and fame.

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