Whitney Houston Net Worth is-$20 Million
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Profession: Record producer, Singer, Model, Songwriter, Film Producer, Actor, Musician, Artist
Date of Birth: Aug 9, 1963
Nicknames: Whitney Elizabeth Houston, Houston, Whitney
Height: 1.727 m
Ethnicity: African American
Country: United States of America
Singer, former model, and actress Whitney Houston had a net worth of $-20 million at the time of her death. Even though Houston once signed a $100 million contract and sold over 200 million albums in her lifetime, she was in fact nearly $20 million in debt to her record label Sony when she passed away in February 2012. Born and raised in New Jersey, Houston hails from a family of prominent singers including her mother, gospel Cissy Houston, her cousin Dionne Warwick and godmother Aretha Franklin. Houston began singing at an early age in a junior gospel choir, and back-up vocals for various artists including her own mother, Michael Zager Band, and award winning Chaka Khan. Houston's career as a fashion model picked up and she appeared on such magazines as Seventeen, Glamour, and Cosmopolitan. Her self-titled debut album peaked at number one on the US Billboard chart and has been certified diamond by the RIAA. Her impressive discography continues with five subsequent studio albums, all of which have been certified at least platinum by the RIAA, with three of those albums reaching the top five on the US Billboard (Whitney, I'm Your Baby Tonight and I Look To You). From these albums and the two soundtracks Houston contributed extensively to, she has produced eleven number one singles in the USA alone, including You Give Good Love (Whitney Houston, 1985), I Will Always Love You (The Bodyguard soundtrack) and So Emotional (Whitney, 1987). Among her awards are six Grammys and twenty-two American Music Awards. Her acting credits include the films The Bodyguard (grossed $410.9 million worldwide) and Waiting to Exhale, and The Preacher's Wife and guest spots on television shows such as Gimme a Break!, Silver Spoons and Boston Public. Whitney Houston's Death and Financial Problems On February 11th, 2012, Whitney Houston passed away in a hotel room in Beverly Hills California. During her career, Whitney sold over 200 million albums and won two Emmy awards, 6 Grammies, 30 Billboard Music Awards and 22 AMA's. Her net worth had declined dramatically in the last years of her life. In 2001, she was flat broke when she signed a $100 million recording contract with Sony/Arista. That fact is especially shocking when you consider that at the peak of her career, Whitney was able to earn up to $30 million a year from touring alone. When an artist signs a $100 million record contract he/she does not receive the money all at once. An artist is paid in stages, and each payment is essentially a loan based on the success of future albums. Whitney only ever earned $40 million of her $100 million contract but unfortunately her records did not sell well. Therefore she ended up actually owing the record label nearly $20 million. Sony/Arista owns the rights to Whitney's back catalog which has seen skyrocketing sales recently, but Whitney's daughter Bobbi Kristina Brown will not receive any money until 5 million new albums are sold and the $20 million is paid back. When Whitney divorced Bobby Brown in 2007 she filed paperwork in Orange County California (where the couple was legally married) stating that she had $4 million in debts/obligations, a life insurance policy worth $300,000, $225,000 in a stock portfolio, and just $40,000 cash. At the time Whitney stated that she owned two properties, a $6.5 million house in New Jersey which had a $3.3 million mortgage and a $1.2 million townhouse in Atlanta which had $1.05 million mortgage. Houston also owned nearly $2 million worth of art and jewelry. In sum, Whitney stated that she had roughly $10 million in assets and just over $4 million in debts giving her a net worth in 2007 of $6 million. Unfortunately, at the time of her death, Whitney was completly broke and was rumored to be asking her mentor Clive Davis for handouts. Her New Jersey home is now dangerously close to foreclosure and the townhouse in Atlanta has already been repossessed. Clive Davis had reportedly loaned Houston $1.2 million to pay off debts and get clean from drugs after her divorce from Bobby was final. Unfortunately she was never able to make the comeback everyone had hoped for. Related articles: Whitney Houston's Estate is About to Make a Fortune Was Whitney Houston Flat Broke When She Died? Related Whitney Houston celebrity net worths: Mariah Carey Net Worth Clive Davis Net Worth Bobby Brown Net Worth
Whitney Elizabeth Houston (August 9, 1963 - February 11, 2012) was an American recording artist, actress, producer, and model. In 2009, the Guinness World Records cited her as the most-awarded female act of all-time. Houston was one of the world's best-selling music artists, having sold over 170 million albums, singles and videos worldwide. She released seven studio albums and three movie soundtrack albums, all of which have diamond, multi-platinum, platinum or gold certification. Houston's crossover appeal on the popular music charts, as well as her prominence on MTV, starting with her video for "How Will I Know", influenced several African American female artists to follow in her footsteps.
Houston is the only artist to chart seven consecutive No. 1 Billboard Hot 100 hits. She is the second artist behind Elton John and the only female artist to have two number-one Billboard 200 Album awards (formerly "Top Pop Album") on the Billboard magazine year-end charts. Houston's 1985 debut album Whitney Houston became the best-selling debut album by a female act at the time of its release. The album was named Rolling Stone's best album of 1986, and was ranked at number 254 on Rolling Stone's list of the 500 Greatest Albums of All Time. Her second studio album Whitney (1987) became the first album by a female artist to debut at number one on the Billboard 200 albums chart.
Houston's first acting role was as the star of the feature film The Bodyguard (1992). The film's original soundtrack won the 1994 Grammy Award for Album of the Year. Its lead single "I Will Always Love You", became the best-selling single by a female artist in music history. With the album, Houston became the first act (solo or group, male or female) to sell more than a million copies of an album within a single week period under Nielsen SoundScan system. The album makes her the top female act in the top 10 list of the best-selling albums of all time, at number four. Houston continued to star in movi

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