It has been reported that Whitney Houston is broke after spending her entire fortune, including $100 million from her last record deal.
Radaronline.com reported that the Bodyguard star, 48, who sought help for her crack addiction last year, had lost her fortune. The information is said to have come from a source close to the singer.
Houston has allegedly lost all of her fortune and is now being financially supported by her record label, Arista, which has given her advance payments for her next album.
‘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.
Meanwhile Whitney has refuted the allegations.
Her rep told CNN in a statement that the reports are “totally false and ridiculous. She just made a movie with Jordin Sparks – ‘Sparkle.'”
No smoke without fire is all I’m saying on the matter.