Oh No! Mel B Reportedly Squandered ‘Spice Girls’ Cash!
Did Mel B “spice up her life” a little too much?
If new details which have surfaced from her legal battle with her ex-husband Stephen Belafonte prove to be true, she did.
How? By losing the $52,000,000 fortune she earned as a member of the Spice Girls by using it to fund an opulent lifestyle.
In 1997, the entertainer built MoneySpider productions and used the business to house the fortune she’d amassed as a member of the Pop force but, thanks to what has been described as an extravagant lifestyle and a mountain of outstanding tax debts, has now seen it reduced to ruins.
A source close to the star revealed to The Sun:
Mel is an international superstar, still working as a judge on America’s Got Talent, but she only has a small amount of money in the bank, according to Companies House. People may be very surprised.
One of her business accounts is now said to have only $1266 to its name.
Fortunately, the star’s lucrative run as a televised talent show judge have seen her rescue herself from complete financial ruin and it’s the fortune she’s amassed from these ventures that the aforementioned Belafonte hopes will fund the $18,000 he is asking for in spousal support.