Saturday, November 03, 2007

Here’s how Britney spends her Rs 3 cr income every month

Britney Spears spends lavishly on clothes and entertainment but does not save or invest any of her £368,000 (Rs 3.01 crore) monthly income, according to court papers. Documents revealed in the singer’s custody dispute with ex-husband Kevin Federline show Britney’s expenses include £8,000 (Rs 6.55 lakh) for clothes and £51,000 (Rs 41.78 lakh) on entertainment, gifts and holidays. Although she is often photographed eating fast food, Britney declares she spends about £2,379 (Rs 1.94 lakh) a month dining out. The star’s financial declaration to the court also shows she pays £24,633 (Rs 20.18 lakh) per month on mortgage payments for two houses but spends nothing on education, savings and investments and gives £250 (Rs 20,478) a month in charitable contributions. Britney pays Federline £7,500 (Rs 6.13 lakh) a month in child support and £10,000 (Rs 8.18 lakh) in spousal support. Dancer-turned-rapper Federline’s biggest expenses include £3,750 (Rs 3.06 lakh) in rent and £3,000 (Rs 2.45 lakh) in security, according to his financial papers. He has a comparably modest monthly budget for clothes - just £1,000 (Rs 81,864). He also spends about £2,500 (Rs 2.04 lakh) on entertainment, gifts and holidays, and £750 (Rs 61,397) eating out. Federline earned more than £250,000 (Rs 2.04 crore) in 2006, mainly from entertainment and endorsement deals, but after business expenses only grossed £3,718 (Rs 3.04 lakh) that year. The documents also show Britney had to temporarily surrender custody of her sons to Federline because she defied a court order. In a September 28 order, Superior Court Commissioner Scott Gordon banned the divorced couple from driving their children unless they were properly insured and had a valid driving licence. The pop star disobeyed the order when she was photographed driving her sons a few days after the order.