Whitney Houston Net Worth At The Time Of Her Death (Updated)
Whitney Houston has earned a huge amount of net worth over the years. What is Whitney Houston Net Worth at the time of her death? This is something everybody wants to know. Below we have mentioned everything we know so far about Whitney Houston including her net worth, Biography, and much more.
Whitney Houston Net Worth
It is estimated that at the time of her death, Whitney Houston net worth was $20 million. When she died in February 2012, Whitney Houston was approximately $20 million in debt to Sony, her record label, despite the fact that she had signed a $100 million deal and sold more than 200 million albums throughout her lifetime.
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Whitney Houston’s Bio Before Earning Such Huge Net Worth
As a child, Houston was raised in New Jersey by her gospel-singing mother Cissy, her cousin Dionne Warwick, and her godmother Aretha Franklin. While still a little girl, Houston sang backup for a variety of performers, including her mother and the Michael Zager Band. She also sang with the Grammy-winning singer Chaka Khan. Her career as a model took off, and she was featured in Seventeen, Glamour, and Cosmopolitan, among other magazines.
The RIAA awarded her self-titled debut album a diamond certification when it debuted at number one on the US Billboard chart. Whitney, I’m Your Baby Tonight, and I Look To You are just three of her five studio albums that have all been certified platinum by the RIAA, with three of those albums reaching the top five in the US Billboard. Eleven U.S. No. 1 singles have been created from these albums and the two soundtracks, including Whitney Houston’s You, Give Good Love (1985), I Will Always Love You (The Bodyguard soundtrack), and So Emotional (The Bodyguard soundtrack) (Whitney, 1987).
Six Grammys and twenty-two American Music Awards are among her many honors. There are several films and television appearances to her name, including The Bodyguard (which made $410.9 million worldwide), Waiting to Exhale, and The Preacher’s Wife, in addition to guest roles on shows like Gimme a Break!
Death and Money Problems
Whitney Houston died on February 11th, 2012, with a net worth of 20 million, in a Beverly Hills hotel room. Whitney Houston has sold over 200 million albums and won six Grammy Awards, 30 Billboard Music Awards, and 22 American Music Awards during her career. With only a few years left to live, Whitney Houston net worth had shrunk considerably. At Sony/Arista in 2001, she signed a $100 million recording contract despite the fact that she had no money. Even more astounding is the fact that Whitney was able to earn up to $30 million a year from touring alone at the height of her career.
Artists don’t get the money all at once after signing a $100 million record deal. As a result of the success of subsequent albums, a musician is paid out in installments. Even though she signed a $100 million contract, Whitney only made $40 million, and her records didn’t sell well because of that. As a result, she was left with a debt of approximately $20 million to the record company. Sony/Arista owns the rights to Whitney Houston’s back catalog, which has seen recent sales soar. However, Bobbi Kristina Brown, Whitney Houston’s daughter, will not receive any money until 5 million new albums have been sold and the $20 million has been paid back.
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Whitney filed divorce papers in Orange County, California, in 2007 alleging that she had $4 million in debts/obligations, a $300,000 life insurance policy, $225,000 in a stock portfolio, and barely $40,000 cash at the time of her divorce from Bobby Brown. Two properties, a $6.5 million New Jersey house and an Atlanta townhouse worth $1.05 million, were Whitney’s at the time of her bankruptcy filing. Among Houston’s other possessions were approximately $2 million in art and jewelry. As a result, Whitney Houston reported in 2007 that she had a net worth of $6 million, with assets totaling $10 million and debts totaling $4 million.
Whitney Houston was said to have asked her mentor Clive Davis for money around the time of her death. New Jersey is on the verge of foreclosure, and her Atlanta townhouse has already been taken. He reportedly loaned Houston $1.2 million after her divorce from Bobby was final to pay off bills and become clean from narcotics. The turnaround everyone expected from her never materialized.
Whitney Houston’s Estate
Whitney Houston’s estate made an estimated $40 million in the nine months following her death. The huge increase in sales of Whitney’s records and singles accounted for the vast majority of this influx of cash. The release of “Sparkle” a film in which Whitney starred and executive produced, also helped her estate. For Bobbi Kristina, the executors were able to satisfy most of Whitney Houston’s bills and set aside $20 million.
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