Posted: January 24, 2012 at 8:28 pm
AUTHOR: SheiWhitney Houston Is Broke! Exhausts $100 Million Fortune
Whitney is reportedly “broke” after spending her entire fortune and extra $100 million given to her by her record label.
She spent years spending on her cocaine addiction, insiders say she was forced to ask her Arista record label for an advance on her next album. Presently Whitney is said to be living off of money from industry friends as she is so poor that she had resorted to asking friends for hand-outs.
“Whitney’s fortune is gone. Music industry heavy hitters are supporting her and her label is fronting her cash against her next album, but no one knows when that will be released,” an insider told RadarOnline.
“She might be homeless if not for people saving her. She is broke as a joke. She called someone to ask for $100. It is so sad. She should have Mariah Carey money, and she’s flat broke.”
Although Whitney’s rep told MailOnline that the story is completely false and Whitney is financially secure. “That is ridiculous and not true! She stars in SPARKLE out in August which she also Exec produced. She just wrapped the film.“
Jan 24, 2012
Man, now look at this stupidity. It's below ground zero. How can you get broke with $100 million dollars. I have always asked myself how can I use up $4 million dollars when even my whole life, I won't be able to use it all for myself but she went broke with that much amount. Unworthy of the money she had.