Since Whitney Houston's death, her handlers and her family's handlers have been swaering up and down that she hadn't snorted up her vast fortune, and that she had lots of money. Then came her divorce from Bobby Brown, who hadn't had a hit (or a clue) in 10 years. So when you divorce, you have to file papers that include financial info. So in 2007, that's what Whitney did. You'll never guess what the bank said! RadarOnline reports:
Whitney Houston filed an income and expense declaration during her divorce proceedings with former husband, Bobby Brown, and the documents reveal that she had a life insurance policy worth only $300k, had under $29k in her checking account and had debts of more than $4 million dollars, RadarOnline.com is exclusively reporting...
The Grammy award winning singer filed the docs in 2007 and stated she had $40k in cash, $225k in stocks and earned in excess of $1 million for performances. Whitney's real estate assets included one property in New Jersey which was worth $6.5 million but she owed $3.247 million on that estate. She also owned a townhouse in Atlanta, Georgia, which is where Bobbi Kristina is now living, which was worth $1.244, but she owed $1,046,603 on the property...Whitney's bottom line was that she had $10,242,931 in various assets, and had debts totaling $4,294,014.
Now, you have to take this all in context. Whitney Houston signed a $100 million dollar contract in 2001. And that was after the height of her career. Either she blew all her money on drugs like they say or she...or she...hell, I've got nothing. hey, what do you want? It's not like she just left $90 million in her other coat pocket.
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