Britney Spears ‘Spending Obscene Amounts’ of Money After Selling Music Catalog: ‘Total Free-for-All’

Britney Spears just scored a rumored $200 million payday after selling her prized music catalog, TMZ first reported, but pals worry she’ll burn through the fortune in a hot second.

“This money should be a safety net for Britney, but the fear is that she’ll quickly squander it,” says an insider, who says the Princess of Pop, 44, has “zero” impulse control when it comes to money.

“She’s been spending obscene amounts since she closed this deal,” the insider says. “She’s been going on one luxury trip after another, and loading up on jewelry, luxury cars and designer clothes — and she’s even looking into buying a mega-yacht. It’s a total free-for-all!”

According to the insider, another problem is that the “Baby One More Time” hitmaker is surrounded by a crowd of hangers-on and grifters who take advantage of her generosity and live like rock stars on her dime.

And since she closed the windfall deal with Primary Wave Music, the same publisher that owns the catalogs of Prince and Whitney Houston, “she’s been buying extravagant gifts for [them],” the insider says. “It’s a such a waste of money because these people are not genuine, which is the same old story for poor Britney — she’s so generous and so trusting, she gets taken advantage of.”

As readers know, the “Toxic” singer was under a conservatorship managed primarily by her father, Jamie, starting in 2008. So when it ended in 2021, “she had no real concept of finances. She’d never handled any of that for herself before,” says the source. The $200 million sale of her hit-filled catalog “is like giving a teenager a couple hundred million in a lot of ways.”

As previously reported, the songbird has been hemorrhaging cash lately — when she wants to cheer herself up after a breakup or other bad news, she’ll hop a private jet to Mexico, where she’ll shell out $20K a night for a villa for her and her entourage — including a bodyguard who ferries around her dolls! She’ll also splurge thousands more on room service and spa treatments.

When she can’t sleep, Britney will cheer herself up with a middle-of-the-night shopping spree, the insider says.

And until the sale of the catalog, she’d barely had any money coming in during recent years, aside from her 2022 book deal for The Woman in Me. An insider points out that she hasn’t released an album in almost 10 years and she’s stopped touring … so once she burns through the $200 million, that’s it.