NEWS > ENTERTAINMENT > BOBBI KRISTINA GETS ALL OF NOTHING FROM WHITNEY HOUSTON’S ESTATE
BOBBI KRISTINA GETS ALL OF NOTHING FROM WHITNEY HOUSTON’S ESTATE
March 8 2012
Atlanta, GA – When the smoke cleared over Whitney Houston’s death inevitably the attention turned to her daughter, Bobbi Kristina. That often happens in the case of the death of a parent but particularly in the case of Bobbi Kristina in part because she is still relatively young and in part because her father is a bit of a fool and will likely not do anything to help her.
It hasn’t hurt that Bobbi Kristina herself was also hospitalized shortly after her mother’s death and that she has also been struggling with substance abuse issues herself. The collective interest in the teen has been a kind of social mothering by fans of her mother, a genuine concern for the young girl.
One big concern revolving around the 19-year old has been financial stability, particularly in regard to her mother’s presumed fortune. After all, Houston sold 200 million records over her lifetime and that should be more than enough for a good living. However, Houston only sang the song. She didn’t write or own any of them which brings down her value just a little, well a lot, in fact Houston’s estate reportedly owes Sony music $20 million dollars, which will now transfer to Bobbi Kristina, presumably with the hope that she has inherited more from her mother than just a love of blow.
“Houston was out of cash in 2001 when she signed what was said to be a $100 million deal with Sony for six albums. While the agreement could have been worth $100 million if things had gone right, Houston only collected about $40 million,” wrote music blogger Wayne Rosso. “It’s really an advance against sales. They loaned her the money, and her records didn’t sell. The reality is that her estate probably won’t see a royalty check from Sony in our lifetime.”
According to the terms of her will, all of Houston’s physical assets such as jewelry will go to Bobbi Kristina.
That massive debt will be spread across multiple installments, being passed down to Bobbi Kristina when she is 21, 25, and 30 provided she doesn’t die before those events in which case it will be spread out amongst family and Bobby Brown.
“It’s really a sad story that someone who was so popular, huge really across the
world, ended up with so little at the end. I mean she obviously doesn’t need it anymore but with so much success one would have hoped that she could have passed something down to her daughter, left some kind of legacy aside from pill addiction but that doesn’t appear to have been the case,” said Scrape TV Music analyst Dylan Chambers. “The one advantage this does have, the bright lining, is that Bobby Brown can’t really get anything at all even if Bobbi Kristina were to die young. In fact, it’s now in his best interest to make sure she lives so that he doesn’t have to deal with all the debt which he really can’t afford himself. Assuming her understand the difference between debt and assets, it might actually motivate him to become a better father and try to help his little girl before she ends up dying alone in a bathtub like Mom. At the very least it will help his bank account and that’s certainly good for him.”
Bobbi Kristina reportedly also owes a significant amount to a few of her dealers who tend to not be as forgiving about debts.
Samantha Dryden, Entertainment Correspondent