Whitney Houston Net Worth: What is Whitney Houston net worth? Whitney Houston was a singer, model, and actress who died in 2009 with a net worth of $20,000,000. Whitney Houston is one of the most well-known and successful musicians of all time. “Saving All My Love for You,” “It’s Not Right but It’s Okay,” and “I Will Always Love You” are some of her many successful songs. The latter was included on the best-selling soundtrack to the 1992 movie “The Bodyguard,” in which she also acted alongside Kevin Costner. Whitney Houston tragically her away in February 2012 at the age of 48 from a bathtub drowning that occurred by mistake.
Whitney had a very difficult personal life in between the hits. In the late 1990s, problems with drugs and alcohol started to harm her career. Although she still possessed a stunning voice and a powerful stage presence, she appeared unable to concentrate on advancing her career or building on her prior achievements. It was intended to keep both of their careers in the public eye to create a reality series on her then-husband, singer Bobby Brown. Unfortunately, it also made clear a lot of the issues she was having with her life. So, what is Whitney Houston Net Worth?
Whitney Houston Net Worth
Whitney Houston Net Worth at the time of his death was Negative $20 Million. When Whitney filed for divorce from Bobby Brown in 2007, she listed $4 million in debts and commitments, a $300,000 life insurance policy, $225,000 in stocks, and only $40,000 in cash. The couple had been lawfully married in Orange County, California. Whitney claimed to have two homes at the time, one worth $6.5 million in New Jersey with a $3.3 million mortgage and the other for $1.2 million in Atlanta with a $1.05 million mortgage.
Houston also possessed jewels and works of art worth close to $2 million. Whitney estimated that her total assets were over $10 million, and her total debts were slightly over $4 million, giving her a $6 million net worth in 2007. Whitney was reportedly seeking her mentor Clive Davis for donations at the time of her death because she was utterly penniless.
Her condominium in Atlanta has already been repossessed, and her property in New Jersey is now perilously close to going into foreclosure. After her divorce from Bobby was finalized, Houston reportedly received a $1.2 million loan from Clive Davis to help her pay off bills and quit using narcotics. Sadly, she was never able to make the comeback that everyone had anticipated. Whitney’s estate made tens of millions of dollars in the years after her death through increased album sales, streaming royalties, and other licensing agreements. After Whitney Houston Net Worth we will talk about her financial problems.
Whitney Houston Financial Problems
Whitney Houston died on February 11, 2012, in a Beverly Hills, California, hotel room. Whitney sold over 200 million albums during her career and received 22 AMAs, 30 Billboard Music Awards, six Grammy Awards, and two Emmy Awards.
Unfortunately, Whitney spent her money almost twice as quickly as she did her income. She had little money when she got a $100 million recording deal with Sony/Arista in 2001. Given that Whitney was able to make up to $30 million a year from touring alone at the height of her fame, this statistic is all the more startling.
A musician who gets a record deal worth $100 million does not get the money all at once. Each step of an artist’s compensation is essentially a loan depending on the success of subsequent albums. Due to poor record sales, Whitney only ever made $40 million of her $100 million contract. She really ended up owing the record company close to $20 million as a result. The rights to Whitney’s old catalog are held by Sony/Arista.
Whitney Houston Early Life
In Newark, New Jersey, on August 9, 1963, Whitney Houston was born to famed gospel singer Cissy Houston and city official John. She has a half-brother named John III, a half-brother named Gary, and an older brother named Michael. As a young child, Houston joined the church choir at the New Hope Baptist Church in Newark, where she also picked up the piano.
She eventually relocated to East Orange, New Jersey, with her family as a result of the 1967 Newark riots. Houston persisted in her performance career, becoming a soloist for her junior gospel choir by the age of 11. Franklin Elementary School served as her first educational stop before she transferred to Mount Saint Dominic Academy, where she earned her diploma in 1981.
Whitney Houston Career
Whitney Houston began singing in the background for her mother at cabaret venues in New York City when she was just a young adolescent. She also sang background vocals for her mother’s CD “Think it Over.” Soon after, Houston’s mother encouraged her to sing lead on a couple of songs, which led to her debut at Manhattan’s Town Hall. She then started to get the interest of record producers, namely Michael Zager and Paul Jabara.
Houston was seen by a photographer while performing at Carnegie Hall for the United Negro College Fund, and she was immediately exposed to the world of fashion modeling. She later worked as a model for numerous periodicals, including Cosmopolitan and Glamour. Houston was one of the first women of color to grace the cover of a fashion magazine when she appeared on the cover of Seventeen.
Houston caught the eye of Arista Records representative Gerry Griffith in New York during a performance she was giving with her mother at the beginning of 1983. Griffith, therefore, requested that Clive Davis, the CEO of Arista, attend her performance.
Davis was so moved by what he heard and saw that he offered Houston a record deal right away, which she finally accepted. She later made her debut on national television on “The Merv Griffin Show” with Davis. The following year, Houston achieved her first major breakthrough in the music industry with the release of “Hold Me,” a duet with Teddy Pendergrass.
Whitney Houston Personal Life
Houston dated Jermaine Jackson, Eddie Murphy, and Randall Cunningham in the 1980s. She first met musician Bobby Brown at the close of the decade, and the two eventually got married in 1992. Due to his repeated run-ins with the law for drunk driving, battery, and drug possession over the years, Brown gained notoriety. In 1993, Houston and Brown gave birth to a daughter named Bobbi Kristina Brown.
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Houston’s demeanor had changed by the late 1990s, and she was clearly gaining weight. There were many rumors that she and her husband used narcotics together, and in the early 2000s, she was discovered in possession of marijuana at a Hawaii airport. In a 2002 interview with Diane Sawyer, Houston admitted to using cocaine in addition to marijuana. She spent a few times in rehab during the following ten years.
How Did Whitney Houston Die?
On February 11, 2012, Houston was discovered unresponsive in the bathtub of her suite at the Beverly Hilton Hotel. Her death was ruled an accidental drowning. According to the findings of the autopsy, she died of unintentional drowning while under the influence of cocaine as well as a number of other narcotics.
Final Lines
Whitney Houston Net Worth at the time of his death was Negative $20 Million. Houston sang the US national anthem before the game in Super Bowl XXV in 1991, making it one of her most well-known performances. Even though her voice was prerecorded, the performance received accolades and rose to the top of the charts. Houston later gave three concerts in the newly united South Africa in 1994. She also gave a memorable performance in the 1997 HBO charity concert special “Classic Whitney: Live from Washington, D.C.”
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