Saturday, November 3, 2007

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Britney Spear and Kevin Federline - Financial Details revealed

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Ongoing custody battle between Britney Spears and Kevin Federline were released , 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. He is entitled to child support payments until Preston, 2, and Jayden James, 1, become adults.

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

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