November 02, 2007

The Details

More court documents in the ongoing custody battle between Britney Spears and Kevin Federline were released Thursday, which revealed some intimate details about their finances.

• Federline, earned more than a half million dollars in 2006, mainly from entertainment and endorsement deals – but minus business expenses, he only grossed $7,436 that year.

• Spears earns approximately $737,000 per month.

• Federline receives $15,000 a month in child support payments from his ex. (The amount may change, depending on how much more custodial time he ends up getting.) He is entitled to child support payments until Preston, 2, and Jayden James, 1, become adults, since Spears is the higher earner.

• The documents also reveal that Federline earned $3,300 in royalties in 2006 for his debut song "Popozao."

As for expenses, the documents also show that the former couple had very different spending habits. Here is what Spears and Federline spent on a monthly average in 2006 on various items.

Britney's Expenses:
• $102,000 on entertainment, gifts and vacation
• $49,267 on mortgage payments
• $16,000 on clothes
• $4,758 on eating out
• $2,500 on phone bills

Kevin's Expenses:
• $5,000 on entertainment, gifts and vacation
• $7,500 on rent
• $2,000 on clothes
• $1,500 on eating out
• $750 on phone bills

Posted by: Lawrenkm at 05:33 AM | Comments (4) | Add Comment
Post contains 219 words, total size 2 kb.

1 After expenses, Federline only grossed $7,436? Pluhhhhhleasssse. This is a perfect example of why the US should ditch it's current income tax system and go to a national retail sales tax (www.fairtax.org). What a joke. P.S. Spears spent $16,000 on clothes, underwear not included.

Posted by: aeh at November 02, 2007 06:30 AM (V031o)

2 I am just amazed that she does not put any money into savings or investments. She is going to have a hard time when she is broke in about 10 years. Not a bright girl.

Posted by: at November 02, 2007 07:39 AM (UKPOu)

3 Seriously, if she just puts $25,000 per month into mutual funds or other savings/investments, she would be set for life (not that she isn't already -- but I see her earnings dropping sharply within 5 years), and that's embarrassingly low for a celeb with her fortunes. How much of that child support to we REALLY think goes toward things for the kids?

Posted by: Iceman at November 02, 2007 07:53 AM (JHKKE)

4 I'm with Iceman on all counts. Plus, NOTHING to charities? Nothing?? And no utilities? Those houses she owns have to rack-up a lot of utility expenses and what about her illegal servants? You know she isn't mowing her own lawn or cleaning her own house. I'm not understanding this list.

Posted by: Nanc' at November 06, 2007 10:30 AM (x7An7)

Hide Comments | Add Comment

Comments are disabled. Post is locked.
16kb generated in CPU 0.0086, elapsed 0.0805 seconds.
35 queries taking 0.0737 seconds, 132 records returned.
Powered by Minx 1.1.6c-pink.