Whitney might have been broke

Now that they’ve apologized for “accidentally” raising the prices on her records immediately after she died, Sony executives will meet this week to figure out what Whitney Houstons music catalog is really worth.

Prepare to be disappointed, Bobby Brown. CBS News says…

Houston’s estate is expected to take in about $10 million this year, but that’s far less than others will make because Houston did not write or own her songs. The bulk of royalties go to the songwriter and the publisher.
The late Michael Jackson co-wrote and owned most of his music. Just last year, his estate took in $170 million.

And try and guess if there’s any money saved up from when she was actually recording.

…just before her death, tabloids declared Houston was flat-broke and asking friends for handouts … her New Jersey estate was nearly foreclosed on in 2006 when she failed to pay her property taxes and she admitted to spending lavishly on drugs and partying in the past decade.

Hmm. Um, well, say what you will but she clearly wasn’t throwing good money away on frivolous things like conditioner. And, um, life preservers.