She was one of the world’s most lucrative entertainers, yet Whitney Houston had just $29,000 in her bank account and was more than $4 million in debt.
Details of the star’s financial situation has emerged following the release of an income and expense declaration filed by the singer, during her divorce from Bobby Brown in 2007, Radar Online reported.
Despite blowing many of her millions that she earned throughout her career, she still managed to leave her daughter Bobbi Kristina, the sole inheritor listed on her will, around $6 million worth of assets.
The documents revealed that Houston had a life insurance policy worth $312,000. And while she stated that she had $40,000 in cash, $225,000 in stocks and earned in excess of $1 million for performances, it was her real estate situations that lead her into financial trouble.
This includes a property in New Jersey worth $6.5 million, which she still owed $3.247 million on and a townhouse in Atlanta, Georgia, where her daughter now lives, worth $1.244 million with $1,046,603 still owing on it.
Houston’s other assets include $1.8 million in jewellery and art and her record contract which is listed as confidential, due to her prenuptial agreement with Bobby Brown, in which the pair kept their career earnings separate.
Considering all of the assets and her debt, Bobbi Kristina is left with an inheritance of about $5,948,917.
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