Los Angeles: Singer Whitney Houston is reportedly broke after blowing up her USD 100 million record deal.
The six time Grammy winner, who went through rehab to overcome her drug addiction, is being supported by her label after she spent all her fortune including the deal money, Radar Online claimed.
“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 the portal.
“She might be homeless if not for people saving her. She is broke as a joke,” the source added.
Houston is believed to be in such a dire financial position she has even had to resort to contacting friends for small loans. A spokesperson for the singer has denied such claims.
“That is ridiculous and not true! She stars in Sparkle out in August which she also Exec produced. She just wrapped the film,” the spokesperson said. (PTI)
