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Monday, March 16, 2015
Singer Whitney Houston Was $20 Million Dollars In Debt To Her Record Company at the Time of Her Death
Are you sitting down? I know this is shocking but its true according to a celebrity net worth web site. Why would her record company allow her to get so far into debt with them? And what happened to her $100 million record contract she signed back in the 1990s sometime? When she first died, they were saying her estate was worth $85 million dollars? What happened to all of that money? Apparently, she smoked it all up except for a $20 million dollar trust she set up for daughter Bobbi Kristina Brown. Bobbi was given $2 million dollars shortly after her mother died and then she was also being given a monthly allowance. I don't think that was smart, to give her such a big lump sum of money. I bet she ran right through it in 3 months or less. I think she should have been given maybe 1/4 of a million right away and then say $20,000.00 per month or something along those lines. Whitney was not only in debt to her record company but she had just burrowed $1.2 million from Clive Davis to help pay off some of her bills. Maybe she shouldn't have spent so much time in hotels when she was home in Atlanta. When Being Bobby Brown was on TV, I found it strange that they kept going to spend the weekend in the local hotels and those rooms were not cheap. Many times they stayed in luxurious suites. Sigh, oh well, what's done is done.
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