Seriously: Where’s the Money?

[Scrappy]

I just read that Jamie came on when her estate was worth $80 million.  Now it’s worth $60 million.  How does this work? How can you make bank with Vegas and still have less money now than before the con-ship? Where did all the money go? How can Lou have $600m but Britney Freakin Spears has $60m????

I'm genuinely confused.

———

Update: (still researching:)

2018 - Estate is worth $59,079,755.76 

By Dec. 31, 2019 - Estate is worth $57,396,852.36

(so, down $1.6m)

———

Britney: in 1 year, she spends $529, 602.85

2019 - $438,360.84 total living expenses (dry cleaning, entertainment, household supplies, meals, etc)

2019 - $91,242.01 in travel

[Theoretically, that would mean she could have spent a total 6m on her person in 12 years]

——————

1) Jamie (conservator of finances): Since - $5 million so far + current legal fees (approx $170,000 to Freema , Freeman and Smiley Law) + $890,000 in disputed legal fees (since 2020) from Jamie’s law firm Holland & Knight ($224,000 of which is for “press communication” aka TMZ and according to Lynne is exponentially higher than normal)

[Since 2009 - she paid him $16,000 per month x 12 = 2.4m

During FF tour, he took 2.95% commission - estimated $500,000

For her residency, he took 1.5% of residency’s gross ticket and merchandise sales - $2.1 million]

———

2) Sam Ingham (lawyer) - since 2008 approx $3 million in legal fees

(2016-2018 - $332,000)

———-

3) Vivian L. Thoreen (law firm is Holland & Knight) between October 17, 2020 to February 28, 2021 (4 months) charged $821,390.25 and $72,361.16 in costs for a total of $893,751.4

[Hourly rate is $1,090 per hour - 220hrs billed;

”Media Handler” is paid $850 per hour for 172 hrs

Total media management bill for this 4 month period: $146,000]

—————-

4) Freeman Firm (hired by Jamie) between Nov. 1, 2019 to February 28, 2021 - $574, 625.19 + $6,788.44 in costs

—————-

5) Russ August & Kabat Law Firm (hired by Jamie) - between April 26, 2019 to Feb. 28, 2021 - $412,288.26

[Hired to “protect Ms. Spears’ image and brand”]

—————-

Sources:

1) https://www.google.ca/amp/s/www.marke*****ch.com/amp/story/how-much-has-13-years-under-conservatorship-cost-britney-spears-11624654464

2) https://www.google.ca/amp/s/www.etonline.com/britney-spears-conservatorship-legal-fees-cost-her-over-12-million-151162%3famp

3) https://www.google.ca/amp/s/www.usmagazine.com/celebrity-news/news/britney-spears-mom-slams-jamie-spears-improper-attorney-fees/amp/

4) https://www.google.ca/amp/s/ca.style.yahoo.com/amphtml/britney-spears-conservatorship-legal-fees-breakdown-205120729.html

[Moscow]

15 minutes ago, Scrappy said:

I just read that Jamie came on when her estate was worth $80 million.  Now it’s worth $60 million.  How does this work? How can you make bank with Vegas and still have less money now than before the con-ship? Where did all the money go? How can Lou have $600m but Britney Freakin Spears has $60m????

I'm genuinely confused.

Yep, Jamie is now 60m something previous year he was 80m worth - and it's ridiculous to be honest. There's no way Britney is with 60m dollars even if we subtract all the legal fee which is around 20m in 30 years, after this C-ship is free somebody really need to step in and investigate. 

[ColdAsFire89]

I was thinking Bessemer was going to blow things up..

 

but they resigned.. leaving Jamie in 100% control again. I can't..

 

were they scared off?

[Humbledandelion]

57 minutes ago, Scrappy said:

How can Lou have $600m but Britney Freakin Spears has $60m????

I'm genuinely confused.

so am i. how did she move so much money like that from where?

[Mrmaxwoo]

Why are all the lawyers so expensive? I mean, is it Normal for a conservatee to have to pay so much money on lawyers fees 

[Humbledandelion]

8 minutes ago, Mrmaxwoo said:

Why are all the lawyers so expensive? I mean, is it Normal for a conservatee to have to pay so much money on lawyers fees 

And what about the timing?

[Scrappy]

12 minutes ago, Mrmaxwoo said:

Why are all the lawyers so expensive? I mean, is it Normal for a conservatee to have to pay so much money on lawyers fees 

She pays Kaplan (Kevin’s lawyer), her dad’s team of lawyers, her -useless- lawyer… then she pays child support, Jodi, Cassie, a therapist, a doctor, a nurse.. and who else? I’d love to see who is on Britney’s payroll and why they weren’t scaled back after she stopped working… starting to look it up

[Arianna]

Where does Jamie’s money go when he passes? How about to the person who was forced to pay you to control them?! How f. Uck.ed is that stAtement even....