Susan Boyle 'Distraught Over Money Fears'
She’s worth millions but can’t access her earnings...
Susan Boyle may be a multi-millionaire but she lives on just £300 per week, thanks to restrictions placed on the star’s finances by her management.
Now her brother, Gerry Boyle, has spoken to the News of the World about the restrictions, which he believes are taking their toll on Susan’s state of mind. The I Dreamed A Dream singer is thought to have made over £4 million thanks to 8.5 million sales of her debut album, but gets an allowance of just £300 per week, equivalent to an annual salary of £15,600. She isn’t allowed to withdraw any extra money and doesn’t have a credit card.
"When Susan realised she can't just walk into a bank and take out her own money, she had a fit because she thought she was down to her last few quid,” Gerry told the tabloid. "Her millions are ring-fenced but Susan has no concept of money. She was extremely distressed. She lives in fear of losing everything and returning to her old life before she made it big."
The Britain’s Got Talent star is still living in the West Lothian council house where she grew up. A new £300,000 five-bedroom house has been bought and is ready to move in to, but she can’t get access to extra funds to buy furniture. “Susan said to me, ‘I've been told I get £300 a week because I'm a novice. I don't have the money to go and buy the furniture.’”
Gerry was so concerned he called an emergency meeting with her management company. "Susan is baffled about money. All she wants to do is sing. So we asked the questions that should have been asked a while ago. Why doesn't she even have a credit card? Why does she feel she doesn't have control over her finances? Susan isn't financially astute but she is worried about her situation. She looks very distraught at the moment.”
According to Gerry, the worry is taking its toll on the reclusive star. "Susan doesn't look as if she's a successful international chart star. She's lonely and downtrodden. And she's got this paranoia that she's going to go back to square one, back to where she was before Britain's Got Talent."