Britney Spears’ Lawyer: ‘Pop Star’s Estate Is Worth $40 Million’ February 5, 2008
Posted by Vedis The Home Lover in : Celebs On Home / Real Estate , trackback
Britney Spears’ fortune came to the fore in court on Monday, 04 Feb 08 as part of her ongoing legal battles for custody of her kids and control of her finances.
With the pop star committed to a psychiatric hospital, her new attorney Adam Streisand represented her in court and was asked to reveal details of the singer’s worth.
This comes after her father Jamie was given control of his troubled daughter’s financial and legal affairs in an emergency hearing on Friday, 01 Feb 08.
Streisand, who is Barbra Streisand’s second cousin, asked the court commissioner to reconsider Jamie Spears’ new role as conservator of his client’s.
According to TMZ.com, Streisand asked for Spears’ business manager, Howard Grossman, to be named conservator.
In his argument, the attorney told the court his client’s estate is worth $40 million, and he revealed she is currently in the middle of a $17 million tax audit.
Streisand lost his bid to overturn the conservatorship ruling after the judge declined to change Friday’s order. The matter will be revisited at a hearing on 14 February 08.
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