Britneys fortune takes a tumble

February 5th, 2008 - 5:21 pm ICT by admin  

Britney Spears

New York, Feb 5 (ANI): Britney Spears fortune seems to be facing a drastic fall after it was revealed that the troubled singer has filed a 17 million-dollar IRS tax audit against Jive Records.

The Toxic singers new lawyer Adam Streisand revealed that she has filed the IRS audit in a bid to get money back that had been paid by the label, reports the New York Post.

The pop stars business manager, Howard Grossman, had no comment to questions about the size and condition of her estate, after it was revealed in court that Britney is worth only 40 million dollars.

Meanwhile Spears is being held in a padded room after she hit an all-time low over the weekend.

The 26-year-old suffered a meltdown after being told on Feb 3 that she was to be locked in a psychiatric ward for another two weeks, claim sources.

Experts say that medics might even have to resort to using bed restraints or injections to calm the ranting star. (ANI)

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