When you're as rich as Britney Spears, you can afford to blow through money like it's going out of style. And the recession clearly hasn't affected Britney, or her bank account, because she just spent $700,000 on renovations for her new home. Keep in mind the median house price in California (where Spears lives) is $304,000.
So what did Brit spend the $700K on? She splurged on various projects including decorating, new furniture and electronic equipment.
A source said: “Britney remodeled her entire home. She loves spending money.”
According to the insider, $200,000 was spent on artwork, Britney splashed out $150,000 on electronics, purchased a new $100,000 bathroom, paid $100,000 for Venetian plaster walls and bought $150,000 of new furniture.
Meanwhile, Britney’s lawyers are concerned about her personal information and finances going public (hello, read above!) and have moved to make sure confidential information about Britney and her children, Sean Preston, four, and three-year-old Jayden James, are legally sealed.
Lawyers Geraldine Wyle and Jeryll Cohen said in legal documentation: “A Google search for Ms. Spears' name yields 54,300,000 hits.
“Photographs and personal information, particular information of a highly confidential nature (such as personal medical information of Ms. Spears and her children), can potentially reap thousands if not millions of dollars.
“The possibility of such enormous profits presents a substantial risk that Ms. Spears' most confidential medical and personal information will be disclosed."
They're right, everyone wants a piece of Britney!