Britney Spears' father fails to retain some rights over his daughter's estate
Jamie Spears lost his bid to retain some rights over his daughter's $60m fortune.
Britney Spears' father Jamie, who has controlled his daughter's assets since 2008, has lost his legal bid to retain some of his rights over the singer's million dollar estate. In November of last year, Britney attempted unsuccessfully to oust her father from the role of conservatorship over her estate. A conservatorship is normally a temporary measure for people with diminished ability who struggle to make decisions for themselves.
At the time Britney said she was afraid of her father, and would not perform again till he was no longer in control, the judge in that case denied her request and named a wealth management company as a co-conservator instead.
At a hearing in Los Angeles on Thursday, Mr.Spears attempted to regain control over her estate once again but failed in a bid for the right to delegate investment powers.
Britney Spears has sold over 100 million records worldwide but hasn't performed live since October 2018, her father has insisted that the conservatorship that's been in place for the last eleven years saved her from financial ruin. This latest news comes just days after a new documentary exploring Britney's rise to fame and treatment throughout her career was released by The New York Times.
Fans and celebrities alike have come out in support of the singer since the release of Framing Britney Spears with #FreeBritney trending on social media.
Another hearing regarding the conservatorship is set for 17 March.