How Did Whitney Houston’s Fortune Become -$25 Million?
It was once unthinkable to mention “sex, drugs, and rock ‘n’ roll” and Whitney Houston in the same sentence, but by her own admission, that was her “business” after working hard in the early part of her career.
Houston was one of the world’s top artists in the 1980s and 1990s, earning an estimated $250 million from her music and selling over 170 million albums. But by the time she died in 2012, the legendary singer – who is now the subject of a new biopic I Wanna Dance with Somebody – had faded into obscurity.
How much money did Whitney Houston have?
Whitney Houston was a singer, model, and actress who died with a net worth of $0 at the time of her death. Whitney Houston is one of the most successful and well-known musicians of all time. Among her many hit songs are “Saving All My Love for You,” “It’s Not Right But It’s Okay,” and “I Will Always Love You,” which appeared on the bestselling soundtrack to the 1992 film “The Bodyguard,” in which she co-starred with Kevin Costner. Whitney Houston died tragically in February 2012, at the age of 48, after accidentally drowning in a hotel bathtub.
Whitney had a notoriously troubled personal life in between the hits. In the late 1990s, drug and alcohol problems began to derail her career. Despite her beautiful voice and megawatt stage presence, she seemed unable to focus on moving her career forward or capitalizing on her previous success. A reality show based on her then-husband, musician Bobby Brown, was intended to keep both artists in the spotlight. Unfortunately, it also brought to light many of the problems in her life.
Financial Issues
Whitney Houston died in a hotel room in Beverly Hills, California on February 11, 2012. Whitney sold over 200 million albums during her career and received two Emmys, six Grammys, 30 Billboard Music Awards, and 22 American Music Awards.
Net Worth At Death
Whitney filed paperwork in Orange County, California (where the couple was legally married) in 2007 to divorce Bobby Brown, stating that she had $4 million in debts/obligations, a $300,000 life insurance policy, $225,000 in a stock portfolio, and only $40,000 cash. Whitney stated at the time that she owned two properties: a $6.5 million house in New Jersey with a $3.3 million mortgage and a $1.2 million Atlanta townhouse with a $1.05 million mortgage. Houston also possessed nearly $2 million in art and jewelry. In total, Whitney stated that she had approximately $10 million in assets and slightly more than $4 million in debts, giving her a net worth of $6 million in 2007.
