Whitney Houston Was Not Bankrupt
March 3, 2012 by staff
Whitney Houston Was Not Bankrupt, Many reports have suggested Whitney Houston was in a dire financial situation in the months leading up to her shocking death last during Grammy weekend, but Forbes.com contributor Roger Friedman says the singer wasn’t bankrupt, and did leave behind a will to distribute her fortune.
Friedman reports that, unsurprisingly, Houston’s daughter with Bobby Brown — Bobbi Kristina — will be the recipient of the funds Houston earned throughout her massively successful career, including a 2010 tour in Europe and Asia that grossed at least $35 million.
Houston had also most likely received advances from deals with Sony, and her catalog is currently selling briskly in the days after her death, so the fortune, like that of many legendary celebs post-death, will continue to grow.
Additionally, Houston’s Mendham, New Jersey estate — one that was featured in the trashtastic Bravo reality series Being Bobby Brown — is for sale for $1.7 million, though, if the couple’s out of control behavior on the show is any indication, the house may need some major renovations.
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