Did we need court documents to tell us Britney Spears made more money than Kevin Federline last year? Maybe not, but the papers that prove it were made public Thursday.According to financial declarations pertaining to the estranged exes' ongoing custody battle, Federline earned more than $500,000 in 2006, including $3,300 in royalties for "PopoZão." But after factoring in his business and monthly personal expenses, including $7,500 for rent, $6,000 for security, $5,000 for "entertainment, gifts and vacation," $2,000 per month for clothes, etc., he only made a profit of $7,436. Thank goodness for the $35,000 he was getting from Spears each month, $15,000 for child support and $20,000 for spousal support.
The spousal portion of the arrangement is due to expire on Nov. 15, but because Federline currently has full custody of sons Sean Preston, 2, and Jayden James, 1, Spears' monthly child support payment could increase. And K-Fed is entitled to child support until the kids are adults because Spears is the main breadwinner.
Meanwhile, Spears is banking about $737,000 a month. Once again, that could change, considering she's well on her way to having her first number one album in four years, thanks to her surprisingly rock-solid fan base. Among the pop princess' monthly expenses were $102,000 for entertainment, gifts and vacation; $49,267 for mörtgage payments; $16,000 for clothes (she should get her money back for her VMA getup); and $4,758 for eating out. That is a lot of Taco Bell.
| But look at all the money she saves on underwear... |
| Consider that mortgage payment. An 8% loan on a big house would be generous. I figure a 15 year note; no one thinks Brit's going to be making money when she's 55. If that 49K number is principal and interest, the home(s) has a mortgage of about $5.15 million. Not bad for a pop tart ... |
Spears finally completed the licensing process at the Van Nuys Department of Motor Vehicles on Oct. 2. She has since been granted supervised visits with her children, had those privileges suspended, had them reinstated, and has rallied to regain joint custody. That last request was denied Tuesday, as was her petition to "terminate or modify" the court order that requires her to submit to random drug testing twice a week. As it stands, Spears can see her children three times a week, including one overnight visit. All their time together must be supervised.
And if enough wasn't plaguing Spears right now, her ex-manager sued her on Monday in a Florida court for allegedly not following through with her agreement to pay him commissions until February 2008, despite the fact that they haven't worked together since she was In the Zone. Johnny Wright, whose Wright Entertainment Group counted Spears as a client up until February 2003, alleges Spears hasn't paid him his rightful share of her pop-star earnings since December 2006, according to TMZ. The lawsuit states that WEG tried to work with Spears' other reps after they parted ways, but that the troubled singer's erratic behavior made that difficult.