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Saturday, 10 March 2012

Whitney Houston had just $29k in her bank account?

It has emerged Whitney Houston had just $29k in her bank account while having debts of more than $4m.

The late singer's financial situation was disclosed during her divorce from Bobby Brown in 2007, and it showed how she had managed to blow many of the millions she had earned during her career.

But while the star, who sold more than 170 million albums, had blown vast swathes of her fortune, she still managed to leave assets worth around $6m to her daughter.




The information has emerged from an income and expense declaration filed by the I Will Always Love You star, and according to RadarOnline the documents also revealed that she had a life insurance policy worth only $300k.

The Grammy award winning singer stated she had $40k in cash, $225k in stocks and earned in excess of $1 million for performances.
But it was her real estate situation that truly underlined how she was in a financially precarious situation.
Her assets included one property in New Jersey which was worth $6.5 million, but she also she owed $3.247 million on the estate.
In addition she owned a townhouse in Atlanta, Georgia, where daughter Bobbi Kristina now lives, which was worth $1.244m.
However the property was far from paid off, as she owed $1,046,603 on the home.
The singer's other assets included the life insurance policy, which was worth $312k, and $1.8 million dollars in jewelry and art.

Amazingly her retirement account was worth only $226, however her recording contract is listed as confidential, as it was considered separate property due to a prenuptial agreement she and Brown had.
Bobbi Kristina is Whitney's sole heir, and the pop idol left everything to her.
With a total of $10,242,931 in various assets, and debts totaling $4,294,014, in theory it leaves her with an inheritance of $5,948,917.


Culled from Daily Mail

36 Comments:

  • At 10 March 2012 at 17:29 , Blogger Chukwu onyinye said...

    Even In death dem no go let dis woman rest in peace?

     
  • At 10 March 2012 at 17:32 , Anonymous Anonymous said...

    Linda this is misleading ....... This account was made public in 2007 when she was going through a divorce with Bobby ... Lawyers are know for shifting money around and leaving little money in the main account so your ex spouse has no claim . There is no way her only account had 29k, she had to be paying mortgage and property tax.....

    Dont believe all the gossip tabloid and copy copy paste for your blog

     
  • At 10 March 2012 at 17:35 , Anonymous Anonymous said...

    This story is probably not true.... note it states "during her divorce from Bobby "............ Couples move money from main account when going through a divorce . Even our corrupt leaders too show us small account in public and hide the money in other account

     
  • At 10 March 2012 at 17:40 , Anonymous Anonymous said...

    daily mail is not a credible source ............ will take this with a pitch of salt . Daily mail wrote some weeks ago that she was lesbian later they said she was having an affair. Daily mail then said she was broke then it said Whitney left 20million fortune. The stupid website can not make up it mind..........lol
    Beside this declaration was made in 2007 during a divorce. Not credible , Black people hide money when going through a divorce

     
  • At 10 March 2012 at 17:41 , Anonymous mimi said...

    At least she left something,next pls

     
  • At 10 March 2012 at 17:44 , Anonymous Anonymous said...

    Нεнεнε @Chukwu i wonder oo...

     
  • At 10 March 2012 at 18:00 , Anonymous Anonymous said...

    Linda, why do you need to copy and post thing? Why is this information necessary?

     
  • At 10 March 2012 at 18:23 , Blogger duchessa said...

    They should let the dead rest in peace and not run their stupid mouth about ger debts.

     
  • At 10 March 2012 at 18:35 , Anonymous Anonymous said...

    Daily mail and Linda Ikeji ....please let Whitney Houston rest in peace.

     
  • At 10 March 2012 at 18:40 , Anonymous Anonymous said...

    The bulk of her money is stated as " recording contract is listed as confidential" ,so that true figure is not disclosed. 29k is very wrong .
    na wah for the media. let her rest in peace joor. how e go add bread to my table

     
  • At 10 March 2012 at 19:17 , Blogger YOUNG MONEY said...

    hmmm,na wa ooo

     
  • At 10 March 2012 at 19:32 , Anonymous Anonymous said...

    Linda copy and paste,you no even try at all you just fall your hand for ground....

     
  • At 10 March 2012 at 19:34 , Anonymous Anonymous said...

    Not true

     
  • At 10 March 2012 at 20:00 , Anonymous Laila Ikeji said...

    Guys, maybe u didnt notice. Linda asked a question - Whitney Houston had just $29k in her bank account?

    Its not like shes telling the story cos she belived the story.

    I agree wt y'all sha on letting Whitney rest in peace. Abasi mbok, e doo.

     
  • At 10 March 2012 at 20:09 , Anonymous Anonymous said...

    Linda, we know you need page views but this is in bad taste. You yourself know that this report is dishonest. How can someone pick a 2007 statement and report it as if it happened in 2012? HOW? Please mind yourself. You are not known to report rubbish news. Biko.

    Anty May

     
  • At 10 March 2012 at 20:11 , Anonymous BLOGLORD said...

    Shebi they said she had a "will" containing millions millions millions which she left for her daughter?

     
  • At 10 March 2012 at 20:22 , Anonymous Anonymous said...

    madam linda, get ur facts before writing rubbish here now! haba! u and i know this is not true and nothing like this has been reported lately. At least, i have been keeping up with her matter and i no kno where u get ur infor from. Well done ma

     
  • At 10 March 2012 at 20:24 , Anonymous Anonymous said...

    And besides sef, how can you go and be culling stories from encomium for god;s sake Linda???? and you go publish am like say na true. Thats to say if you are based in america, you will probably be getting ur stories from the enquirer bah?

     
  • At 10 March 2012 at 20:26 , Anonymous Anonymous said...

    u re a journalist sort of, since you operate a blog like. It is therefore your responsibility to go and research kind of news ur post on ur blog ma, whether it is originated from America or not.

     
  • At 10 March 2012 at 22:33 , Anonymous Anonymous said...

    linda na wah for you oooooooo...... report of divorce proceedings in 2007 na you dey publish here as if na HOT jist.... Girl this na 2012 (5 years later, that 29k go don finish since na)....

    in anycase Whitney is my golden girl, let her rest in peace

     
  • At 10 March 2012 at 22:38 , Anonymous Anonymous said...

    she didn't want Bobby to touch the money..its an old trick Linda...would you want say an ex-hubby to take all ur savings??..you would have done same..every business person on the verge of bankruptcy also does same...

     
  • At 10 March 2012 at 22:40 , Anonymous Anonymous said...

    Linda..keep telling ya..Daily Mail is racist..if you lived in US/UK you would understand how they operate..and subjugate people..not saying you can't post their stuff but as someone said research the other side of the story and post it too..stop being lazy..

     
  • At 10 March 2012 at 22:50 , Anonymous itk said...

    the daily mail is not a reputable source - 99% of the stories are bonkers, made up, twisted, enhancesm exaggerated and rubbish -

     
  • At 10 March 2012 at 23:09 , Anonymous Anonymous said...

    Infact i really like you guys and let her rest in peace.

     
  • At 10 March 2012 at 23:11 , Anonymous Anonymous said...

    I really love you guys, Linda pls, let whitney rest in peace oooo.

     
  • At 11 March 2012 at 01:35 , Anonymous NAIJA CUSTOM LOGOS said...

    Cocaine has consumed the money.

     
  • At 11 March 2012 at 01:50 , Anonymous Anonymous said...

    If this was from a 2007 report, I'd like to think her financial status is even worse. She was heavily on drugs, hadn't done any work since then until an album that tanked, probably still responsible for a multitude of relatives. All the same, I hope bobbi kristina is responsible enough to manage whatever funds, and not tow the line her mother did. RIP whitney

    Blak kofee

     
  • At 11 March 2012 at 06:33 , Blogger flamzy blaze said...

    such is life its a thing of pain to see a bigstar in a dramatical lost

     
  • At 11 March 2012 at 06:35 , Blogger flamzy blaze said...

    its such a pain to see a pop star icon end in such a way.

     
  • At 11 March 2012 at 06:47 , Anonymous Innoxx said...

    @ Laila Ikeji, even if she asked a question,some stories are rather left usaid.I keep complaining about this.Linda u have professionals here who visit ya blog juzz 2 have fun and pass time Docs,Engineers,well renowned Lawyers name it....most times i find it difficult to comment on most of da stories u post here cox u don't construct,proof-read b4 u copy and paste.And da funny thing is wen u complain or profer advice,some peeps here would say it's her blog and would do wateva she pleases.Can u imagine that?

     
  • At 11 March 2012 at 09:35 , Anonymous Anonymous said...

    R u guys blind/jus plain stupid? I don't get it.. Can't u c Lindaz asking a question&rel8n it wit d divorce issue? She's not affirming d gist.. U ppl shud read very well b4posting stupid comments.. Ahn ahn!! Jus insulting d babe ny ow.. U ppl2shud stop reading na since u know where2get 'reliable in4' me I wanna c err tin! Linda if u v story bout Whitney abeg post.. Is dis same ppl d@ll cum2moro&say oda blogs r carrying it&w@not..

     
  • At 11 March 2012 at 09:44 , Anonymous Anonymous said...

    Why d attack on Linda on a simple question she asked over an article? She is seeking y'alls opinion on it n not telling d gist like it is....haba...which school una go?

    #Queeny!

     
  • At 11 March 2012 at 15:48 , Anonymous Anonymous said...

    Madam inooxx! Hush.. &pls y is it rada left unsaid? Abeg defend d@ur point.. If u r so much of a 'professional' u shud v no reason2pass tym.. Face ur prefessionalism strictly.. #oshisco#

     
  • At 12 March 2012 at 04:24 , Anonymous Anonymous said...

    @Queeny abeg help me ask them ooooo. Haba!!!!! Pls no crucify linda for me oooo.

     
  • At 12 March 2012 at 08:17 , Anonymous Anonymous said...

    the most stupid thing u have publish in your whole life , how can say whitney is broke , just google how much she is worth , dont post rubbish

     
  • At 12 March 2012 at 13:02 , Blogger NO said...

    Linda, the truth is Whitney has a lot of fans in Nigeria, we r still grieving her loss, i ve not even accepted the news of her death; yes, its that bad for me. Most of the comments?attacts here are not directed at you, we r simply put 'SAD'. I believe GOD knew/saw she was trying so hard.I come here often n i enjoy u guys so much, i ve been following Whitney's story religiously, we all have our challenges n have d luxury of our privacy but pple like Whitney did'nt. Enough of the negative press, did anyone notice she get more hugs n kisses dn anyother celeb? how about her smiles pple? I looooove you Nippy. Goodnite.

     

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