By: Ellen Cans
The famed singer, Britney Spears, has been in the news a lot of late, as she battles against the 13-year conservatorship that gives her father control over her finances. Spears, now 39, was in her upper teens when she first became one of the most successful pop stars of the 1990s and 2000s. She is now speaking up to end the control her father, James Spears, holds over her fortune. She has an estimated net worth of $60 million, as per Forbes.
As reported by the Wall Street Journal, Ms. Spears has purchased a long list of residential real estate for herself and family members over the years. Some of which she sold after a few years, and others she has held on to for over a decade. A summary of Ms. Spears’s finances, filed recently with the Superior Court, revealed that she pays expenses for five residential properties, as of October 2020. The documents have been redacted, and the financial summary only lists a home in Kentwood, along with a $50,000-a-month rental in Los Angeles.
One of the star’s longest-held homes is in her hometown of Kentwood, Louisiana. Ms. Spears purchased the roughly 7.4 acres of land in 1999, when she was just 19, and built a 6,500-square-foot home for her parents, as per property records. Her mother still lives in the home and Ms. Spears reportedly stays there once in a while. The home, which she named “Serenity,” offers about 6,500-square-feet of living space, as per documents filed last year in Los Angeles County Superior Court.
Another home she purchased when she was 19, is a Hollywood Hills home in Los Angeles. The gated 0.43 acre, 6,300-square-foot home was sold two years after the purchase for $3.85 million, to actress Brittany Murphy. The pop-star later also purchased apartments in New York City, subsequently selling them.
Ms. Spears profited heavily on some of her home sales and lost on others. She purchased a home in Malibu in 2004 for $6.3 million when she married Kevin Federline. The 9,130-square-foot home was sold in 2007 for $10 million, some $3.7 million more than she paid. A Beverly Hills villa she purchased after her divorce for $6.75 million with six bedrooms and seven bathrooms was subsequently sold in 2012 for $4.25 million, making a significant loss. Most recently, in 2015, Ms. Spears purchased a $7.4 million estate in Hidden Valley, Los Angeles. The 21-acre Italian Villa is roughly 12,500 square feet, and cloaked in privacy.
Representatives for Britney Spears, James Spears, Lynne Spears and the conservatorship didn’t respond to the WSJ’s requests for comment.
