Thursday, May 01, 2008

The High Cost Of Crazy

In Touch Weekly has calculated just how much it cost Britney Spears out of pocket for all of her insane-o shenanigans over the past few years ... according to the magazine, Britney's total losses reached $61 million bucks! That is a lot of money if you consider that Britney used to save money by giving herself haircuts, not buying any underwear, having her BFF (at the time) Paris Hilton to babysit and wearing the same 3 articles of clothing day after day after day.

When Britney Spears' father, Jamie, was named her co-conservator on February 1, he took over her financial affairs. But after going through her books, Jamie must have learned just how much of a toll Britney's crazy behavior, which started in February 2007 when she shaved her head, has had on her bank account -- she's lost nearly $61 million. "It's staggering how much money has been used up," a family friend says. In addition to the enormous tab for legal bills, rehab and psychiatric care, Britney's inability to work has cost her a fortune. "By not touring for her last album [Blackout], she lost out on $50 million," estimates Robert Bianchi, an LA-based CPA who isn’t an accountant for Britney. Jamie hired his own accountants to sort out the money mess and bring an end to the 26-year-old's excessive spending. "It's been quite a challenge getting things under control," the insider says. Luckily, as Britney's mental health improves, so does her bottom line. "She's spending about a fifth of what she used to," the insider adds.

Shoot ... I'm really starting to think that Brit Brit has committed herself to getting well again out of a desire to avoid bankruptcy. Who knew that insanity cost so much? [Source]