Although Whitney Houston’s daughter Bobbi is set to inherit her mother’s entire “fortune,” a 2007 legal document uncovered by Radar Online shows that Houston’s estate might not be as much as people are assuming.
An income and expense declaration during her divorce proceedings with Bobby Brown states that at the time, Houston had $40,000 in cash and $225,000 in stocks, and she had earned in excess of $1 million for performances, per the site. She declared owning two homes: one house in New Jersey, which was worth $6.5 million (with $3,247,000 owed on the estate) and a townhouse in Atlanta worth $1.244 million (with a reported $1,046,603 owed on that property). “Whitney’s bottom line was that she had $10,242,931 in various assets, and had debts totaling $4,294,014,” states Radar Online.
Two things that might change this bottom line. One: Any “income declaration” you’re showing your ex-husband (who is seeking your hard-earned money) is going to hide a ton of cash. And two: Houston’s recording contract was not listed, as it was “considered separate property due to the prenuptial agreement the former couple had.”
However, it’s important to remember that Houston was also one of the world’s best-selling music artists — having sold more than 170 million albums, singles and videos worldwide. In 2001, she signed the biggest record deal in music history for $100 million for six new albums — on which she would also earn royalties. Yes, that contract is separate from what’s on that 2007 document; but still, you would think there would be more than just $6 million.
Where did it all go?
Will Spears appear on ‘X Factor’?
Britney Spears is reportedly close to signing a deal to be a new judge for the second season of the U.S. version of “The X Factor,” according to the Hollywood Reporter. And who’s supposedly handling the deal for her? None other than her fiance and former agent, Jason Trawick. Spears was rumored to be a top contender to fill one of the judging spots left empty after Paula Abdul and Nicole Scherzinger. “Are we flattered that there could be interest? Yes,” Simon Cowell said last month, adding that he “can’t confirm or deny any of those rumors at the moment.”
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