Has Whitney Houston really blown through her fortune? According to recent reports, the “I Will Always Love You” and ‘Waiting to Exhale’ star is sustaining her lifestyle only with the help of industry insiders and her record label.
“Whitney’s fortune is gone,” a source told Radar Online Monday. “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.”
While Houston has not confirmed or denied talk of her fortune being wiped out, it is well known that she struggled with substance abuse issues and as of last year, sought help.
On the mend now, Houston is starring in a remake of ‘Sparkle’ and could be set for ‘Getting To Happy,’ a follow up to Waiting To Exhale.
Still, sources say “she might be homeless if not for people saving her. She is broke as a joke. She called someone to ask for $100.”
Considering ‘Sparkle’ has been shot and is due in theaters later this year, it is unlikely Houston is truly ‘broke.’
Thoughts ?
It has been almost 8 years since the passing of iconic singer and actress Whitney Houston, yet her influence on music and film continues to be felt around the world. Her last project before her death was a remake of 1976’s classic musical drama Sparkle; however, many fans were unaware that at this time in her life she was actually ‘broke’. In this article we will explore how such an influential artist could have ended up financially destitute despite all of her success.
The question remains: How did one of the most successful artists of our generation end up with no money? The answer is not straightforward as there are several factors which led to Whitney’s financial woes. From bad investments to questionable business decisions, it’s clear that Whitney had trouble managing her finances during this period in her career. Additionally, reports indicate that she gave away millions of dollars to family members over the years, leaving little for herself.
Despite these challenges, Whitney rose above them all when she starred in 2012’s rendition of Sparkle and delivered what would become one of her final performances ever captured on screen. This article aims to provide further insight into why Whitney may have gone broke before appearing in Sparkle while paying tribute to an icon who left us too soon.
Career Overview
Whitney Houston had a successful career that spanned from the late 1980s to her untimely death in 2012. She sold over 170 million records and won six Grammys, two Emmys, 22 American Music Awards, 15 Billboard Music Awards, and many others. However, despite all of her success, she was reportedly “broke” before filming Sparkle.
Houston’s financial problems began during her marriage to Bobby Brown; it is believed that he squandered much of her earnings on drugs and other extravagances. Furthermore, throughout their divorce proceedings, they continued to fight over money until Whitney was nearly bankrupt by the time filming for Sparkle started in 2011.
The situation only got worse when she passed away suddenly at the age of 48 due to accidental drowning caused by cocaine use. Her finances were so depleted that her family could not even afford a proper funeral service or burial plot for Whitney without accepting donations from fans and celebrities alike. It wasn’t until after her death that those close to her realized just how severe her financial struggles had become.
Financial Challenges
Houston’s financial woes were further compounded by a number of legal issues. She was the target of several lawsuits, including one from her former management company that she allegedly owed $2 million in unpaid commissions and another for copyright infringement. In addition to these suits, Houston also had to pay out numerous settlements as well as penalties for failing to file taxes on time.
These financial challenges led many people to question how someone with so much success could end up facing such dire circumstances. Unfortunately, it appears that despite all the fame and fortune Whitney enjoyed during her life, she made some poor decisions when it came to managing her money which ultimately resulted in her downfall.
Though there are still many unanswered questions about what exactly happened leading up to Houston’s death, this episode serves as an important reminder of the importance of being financially responsible no matter how successful you become.
Conclusion
In conclusion, Whitney Houston had an extremely successful career. Unfortunately, due to a number of financial issues, it appears she was struggling before the release of her film Sparkle in 2012. It’s not clear how exactly these issues impacted her personally or financially, but it’s clear that they put her in dire straits. This is especially heartbreaking given all she accomplished during her life and career.
Whitney Houston achieved greatness with her music and left behind a legacy for future generations to enjoy. She should be remembered for this rather than any financial struggles she may have endured near the end of her life. Her talent was undeniable and will continue to inspire people around the world for years to come.
It’s unfortunate that someone as talented as Whitney Houston could be facing such difficulties at the end of their life. While we don’t know exactly what caused them, it serves as a reminder of just how quickly things can change and why we should always strive to build our own safety nets while we’re still able to do so.
