One-time R&B diva Whitney Houston is reportedly flat broke after squandering her fortune, which included a $100 million record deal on crack cocaine and other things. The Daily Mail is reporting Whitney Houston is being financially supported by her record label Arista, which has given her an advance payment on her next album. Living on borrowed money, how Suze Orman would cringe at the thought. I feel no sympathy for Whitney Houston. She is far too arrogant and feels a sense of entitlement.
‘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’ a source told Radaronline.com.
‘She might be homeless if not for people saving her. She is broke as a joke.’
Whitney – whose ex-husband is Bobby Brown – is believed to be in such a dire financial position she has even had to resort to contacting friends for small loans.
The source added: ‘She called someone to ask for $100. It is so sad. She should have Mariah Carey money, and she’s flat broke.’ A spokesperson for the singer strongly denied the claims when contacted by MailOnline and said: ‘That is ridiculous and not true! She stars in SPARKLE out in August which she also Exec produced. She just wrapped the film.’ Source: Daily Mail
Of course they are going to deny, deny, deny, but it’s not out of the realm of possibilities Whitney Houston could be flat broke.