Whitney Houston is 'broke as a joke'

2012-01-24 12:32
Los Angeles - Whitney Houston is reportedly "broke as a joke".

The 48-year-old singer - who has overcome crack cocaine addiction - has allegedly spent all of her fortune and is being financially supported by her record label Arista, which has given her an advance payment on her next album.

A source told RadarOnline.com: "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...

She might be homeless if not for people saving her. She is broke as a joke."

Small loans

Whitney - whose ex-husband is Bobby Brown - is believed to be in such a dire financial position she has even had to resort to contacting friends for small loans.

PHOTOS: Whitney Houston

The source added: "She called someone to ask for $100. It is so sad. She should have Mariah Carey money, and she's flat broke."

In August 2001, Whitney signed the biggest record deal in music history at the time with Arista/BMG, renewing her contract with the label for $100m to deliver six new albums.

She released her last LP I Look to You in August 2009.

Comments

  • Chris - 2012-01-24 13:11

    Aah shame, that poor poor former millionaire crack addict... my heart bleeds for her.

  • abhudram - 2012-01-24 14:25

    "Houston, we have a problem!"

  • frans.grobler3 - 2012-01-24 15:46

    What a waste of talent! Bad news

  • Bokfan - 2012-01-24 16:39

    If this is the same Whitney Houston who in Cape Town refused to greet a kid with cancer because she was white I cant say I feel much in the way of sympathy. In fact I'd say its just deserts. So have another helping Whitney. Great voice though.

  • Ven.saDhammananda - 2012-01-24 18:07

    That's right run down an addiction suffer. You obviously dont know anything about the subject. God forbid none of your families ever become hooked.Remember addictions is hereditary.God bless you.

  • Ntokozo Nxumalo - 2012-01-24 21:02

    Never with 2 up comming movies (Sparkle & Waiting to Exhale 2) & soundtrack, she might not be living a lovish life like she used to but never flat broke that not the trueth @ all

  • Nikki - 2012-01-24 21:25

    Ha-ha-ha-ha! Idiot! ...please explain to me how you squander R1 Billion? Just for that utterly gross/downright evil self-indulgence I say let her stay poor and cry long tears till she kicks the bucket of how she "smacked" it all away!

      Mark - 2012-02-12 13:12

      So you got what you ask for. You are a real nasty piece of work!

  • Charmaine - 2012-01-27 14:48

    That's her problem!

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