Britney warned she could end up bankrupt

March 2nd, 2008 - 4:49 pm ICT by admin  

Britney Spears

London, Mar 2 (ANI): Britney Spears has been warned by financial advisers that she could be out of money within four years.

According to newly released court documents, the troubled singer had a fortune of 80 million pounds but is now left with just 20 million pounds.

Last week, Britneys parents, Jamie and Lynne Spears, and Andrew Wallet, a lawyer appointed by a Los Angeles judge to run her estate with her mother, carried out a financial meeting at the singers Los Angeles home.

Jamie said that his daughter was on the verge of ending up like Michael Jackson, whose Neverland ranch is due to be sold by creditors at public auction this month.

Britney was very wide-eyed and attentive … but … shes as addicted to buying houses and new Mercedes as she is to the attention of the paparazzi, Times Online quoted a business associate, as saying.

There was a moment when her mother said she could be out of money within four years, and her two children would still be at grade [primary] school, when she sat up and took notice, the associate added.

The Toxic singers income is believed to be in decline, for her most recent album, Blackout, and Believe, her fifth Elizabeth Arden perfume from a range that used to earn her 2 million pounds a year, have failed to match previous sales.

However, the troubled pop stars friends believe that under the guardianship of her parents, she may be coming back from the edge. (ANI)

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