Belfast Telegraph

Friday 22 August 2014

Britney ‘invested in rival company’

Britney Spears

Britney Spears apparently spent Pepsi money on shares in rival company Coca-Cola

The American singer became the spokesperson for Pepsi in 2001 and joined fellow pop stars Pink, Beyoncé Knowles and Enrique Iglesias singing Queen's We Will Rock You in a TV advertisement. This deal is believed to have earned her a staggering $8 million.

TMZ claims to have documents which confirm Britney sold 574 shares for the rival fizzy-drink company in 2012, making a profit of $3,238.55. She also kept a total of 208 shares for herself.

While success came in from Coca-Cola there were no traces of Pepsi in her portfolio.

It wasn't all earning though as she lost $640.13 on McDonald's and $1,277.38 on Mexican grill restaurant Chipotle, which she regularly visits for a tasty snack.

In total the blonde singer netted $97,883 in stock earnings last year alone and has just less than $13 million of her conservatorship money in the market.

A conservatorship is a legal agreement in the US in which a guardian is appointed by a judge to look after someone's financial affairs due to either physical or mental limitations.

Britney's father Jamie Spears has been in charge of her finances since her breakdown in 2008. It was recently reported he wants a $16,000 allowance each month from his daughter's two-year residency in Las Vegas at Planet Hollywood.

After five years it is thought the legal agreement will stay in place until further notice. Jamie has also reportedly asked for more money from Britney's estate to cover the $1,200 per month costs of his rented office.

The pop star's attorneys are also seeking more money, demanding compensation for their work and requesting their fees are raised from 50 per cent to 80 due to Britney's "excellent financial status".

© Cover Media

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Latest Entertainment News

Latest Music News

Latest Film & TV News

Latest Eating Out News

Horoscopes

Your Horoscopes by Russell Grant

Leo:

Trust your intuition about a domestic matter. If you think it's time to get a new place, start looking for one. You could find a home that cultivates tranquillity and relaxation. Escaping the fray will be a relief. Although you enjoy socialising, you also crave private time. Being able to watch movies, read books and listen to music replenishes your batteries. A needy relative could request help. This would be a good time to establish some healthy boundaries. Stop dropping everything for this relative's benefit.More