Britney Spears Not Broke Amid Speculations She's Going Bankrupt, Earns $40 Million Just This Year: Report

Contrary to previous reports of her imminent bankruptcy, Britney Spears is far from being broke, new sources clarified.

Despite recent headlines suggesting she was on the verge of losing her fortune while suffering from mental health breakdowns, the "Toxic" singer's financial stability remains intact. 

Sources spoke with Us Weekly and clarified that Spears earned a large chunk following the release of her memoir, The Woman in Me, in October 2023. The "Oops!...I Did It Again" also earned after collaborating with Elton John for the hit track, "Hold Me Closer," while gaining from her fragrances and music catalog's royalties.

"She has earned $40 million this year," said the source. "There is no issue with money."

A second source claimed that while Spears buys a lot of clothes online, she reportedly buys "affordable brands" instead of designer products. However, she reportedly burns her money to treat herself to expensive vacations.

Amidst reports of alleged irresponsible spending habits, it's worth noting that the 42-year-old has adamantly stated her intention to stay away from the music industry. This raises questions about how she intends to sustain her income and livelihood.

"Just so we're clear most of the news is trash!!!" she wrote in a January since-deleted Instagram post after news outlets claimed she was preparing for her 10th studio album. "They keep saying I'm turning to random people to do a new album ... I will never return to the music industry!!! I'm a ghostwriter and I honestly enjoy it that way!!!"

Forbes last updated her profile page in 2017 and revealed she had $34 million of net worth at the time.

READ ALSO: Britney Spears Sparks Worries She Might Be Imprisoning Herself in Her Mansion After Sam Asghari Split 

Meanwhile, the sources' recent claims came after a separate source told Page Six she was not broke at all.

"She's not broke, but she definitely could benefit from being more careful with her cash," one said, while another warned, "She is not going broke but should keep an eye on private jets."

The latter source also called out TMZ's "grossly exaggerated" report that claimed Britney was a few inches away from hitting rock bottom.

Spears settled things with her estranged father after the end of her conservatorship, which did not require her to pay the multimillion-dollar bill.

READ MORE: Britney Spears 'Felt Mistreated' Following Reports She Had a Mental Breakdown at Chateau Marmont