With the current culture of idol worship, every latest update about our favorite stars is at the very top of our news feed. Today’s article is about Jamie Spears Net Worth. The man is the father of popular singer Britney Spears. He has accumulated most of his small fortune and the status of a millionaire with his daughter’s money. Read on to find out how.
Before we dive deep into Jamie Spears’ personal wealth, here is a little history about his superstar daughter Britney. Britney Jean Spears was born in 1981 and is one of the biggest teen stars of the 90s and early 2000s. Her success is not only limited to the United States but has spread all across the world. At a certain point in time, Britney Spears was the highest-paid musician in the world. This was especially true for the years 2002 and 2012. This shows that her success wasn’t short-lived. Instead, it was spread over a very long period of time.
However, Britney’s personal life hasn’t been as successful as her professional one. After her divorce in 2007, she had to go to rehab for drugs. Post that episode, she was admitted to the psychiatric ward. This was after the police found her intoxicated with an unidentified substance. Her husband Kevin was given sole custody of their children. Read on more about how her father – James Spears made money from Britney’s career.
Everything You Need To Know About Jamie Spears’ Life
Jamie Spears was born as James Parnell Spears in Louisiana’s Kentwood. His childhood was very strained. James’ mother passed away by suicide when he was only 13 years old. He also had got into a massive car accident at 17. Later, he was arrested for drugs when he was merely 22 years old.
Spears was married twice. His first wife Debbie maintains a cordial relationship with him. However, he has an extensive history with his second wife – Lynne. They have been not only been married and divorced but also together for many years after separation. In fact, it wasn’t until last year, 2020, that they have officially separated for good.
Jamie has three children with Lynne – Bryan, Britney, and Jamie Lynn. The couple also has five grandchildren. Spears has struggled with alcoholism for a long time too. He went to rehab for the same in 2004. Back in 2019, he suffered from a near-fatal colon rupture. However, he is doing well now.
Over the last few years, Jamie Spears has been on every tabloid following Britney Spears’ conservatorship. It started around 2019. The basic idea behind the ‘#FreeBritney’ movement was to remove Jamie Spears as her legal guardian and grant the singer autonomy over her life. Several controversies were involved in the movement. However, on the 21st of June, 2021, Britney finally approached the court regarding the termination of her conservatorship. She deemed it abusive and spoke extensively about experiencing trauma in the whole process.
Jamie Spears Net Worth
Britney Spears’ conservatorship was placed on her in 2008 which means that Jamie Spears has earned a significant sum of money through his daughter. Initially, both Jamie Spears and Britney’s lawyer, Andrew Wallet had full control over the singer’s assets. However, Wallet resigned in 2019. This gave Jamie Spears sole custody over her assets. This meant he had full control over her finances and could make personal decisions for her.
At the 2021 court hearing, Britney Spears claimed that her entire family has been living off her assets for the last 13 years. According to an estimation made by Forbes, Jamie Spears’ Net Worth as of 2021 is $5 million, entirely made from his daughter’s conservatorship. Britney paid her father $16,000 every month to be her conservator. He made $2.1 million from Britney’s Price Of Me Las Vegas. Her Femme Fatale tour left her father with around $500,000.
Britney also paid for Jamie’s office, which was $2000 per month. This amounted to a total of $300,000 in 12 years. She has paid $170,000 for her father’s legal fees. Meanwhile, her own attorney charged her more than $330,000 for representation. All of this together sums up an unimaginable amount of money that Britney Spears has had to spend.
Finally, in a California court, the singer said that if she can make such a huge amount of money, she is certainly more than capable of managing her own assets. Her father has apparently made her work tirelessly for all these years without a break. Also, he has denied her permission to marry and have any more children. Britney has finally started taking charge of her life again, and we hope the best for her.
Also Read: How Old Is Britney Spears – Her Best Songs