BRITNEY Spears' continues to make headlines.
Larry Rudolph, Spears' longtime manager, has announced his formal resignation.
Why did Larry Rudolph resign as Britney Spears' manager?
As Britney Spears' conservatorship drama continues to make headlines, Rudolph broke the news of his resignation according to Deadline.
“It has been over 2 1/2 years since Britney and I last communicated, at which time she informed me she wanted to take an indefinite work hiatus," he said in a statement.
“Earlier today, I became aware that Britney had been voicing her intention to officially retire. As her manager, I believe it is in Britney’s best interest for me to resign from her team as my professional services are no longer needed.”
He sites his resignation comes due to her desire to retire.
"I will always be incredibly proud of what we accomplished over our 25 years together. I wish Britney all the health and happiness in the world, and I'll be there for her if she ever needs me again, just as I always have been," he concluded.
How long has Larry Rudolph been Britney Spears' manager?
Rudolph has been Spears' manager on and off for almost 30 years.
He started representing her in 1995 and then stopped in 2005 before returning to work for her in 2008.
Throughout his career, he has also represented other artists including Miley Cyrus, Toni Braxton, Justin Timberlake, and Steven Tyler of Aerosmith.
What is Larry Rudolph's net worth?
According to Celebrity Net Worth, the American entrepreneur and personal manager has an estimated net worth of $23 million.
The majority of his net worth comes from managing big time celebrities.
Outside of being a manager, he also started his own company Total Entertainment and Arts Marketing, whose clients include, YouTube, Delta, Under Armour, Viacom, and The Wall Street Journal.
He is also the founder of Reindeer Entertainment which has produced films including Crossroads and the reality television show Nick and Jessica: The Newlyweds.
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