BRITNEY Spears is back in the headlines after a report claimed the pop icon recently sold her music catalog in a deal rumoured to be worth $200 million.
According to the report, some people in her circle are allegedly worried about her spending habits following the massive payday.
“This money should be a safety net for Britney, but the fear is that she’ll quickly squander it,” said an insider.
The story claims Spears has been treating herself to luxury trips, designer fashion, jewellery, cars, and other big-ticket purchases since the reported deal.
It also alleges she has been generously spending on people around her, raising concerns among insiders about whether those relationships are genuine, according to Radar Online.
The report connects those concerns to Spears’ past, noting that after spending years under a conservatorship, she may still be adjusting to managing her finances independently.
It also points out that, aside from recent projects like her memoir, she has not released a new album or toured in years.
“She’s been spending obscene amounts since she closed this deal,” the insider said.
“She’s been going on one luxury trip after another, and loading up on jewellery, luxury cars and designer clothes – and she’s even looking into buying a mega-yacht. It’s a total free-for-all.”
While the claims remain based on unnamed sources, the report paints a picture of friends feeling uneasy about how quickly the singer could move through such a large fortune.
Spears has not publicly responded to the latest financial speculation.