London: Whitney Houston owed more than 4 million dollars in debt, but had merely 29,000 dollars in bank accounts, according to the income and expense declaration issued to the court during her 2007 divorce to Bobby Brown.
The Grammy award winning singer stated in her documents she had 40,000 dollars in cash, 225,000 dollars in stocks and earned in excess of 1 million dollars for performances.
Her real estate assets included one property in New Jersey which was worth 6.5 million dollars but she owed 3.247 million on that estate, RadarOnline reported.
She also owned a townhouse in Atlanta, Georgia, which is where daughter and sole heir, Bobbi Kristina is now living. It was worth 1.244 dollars, but she owed 1,046,603 dollars on the property.
Houston had a life insurance policy that was worth 312,000 dollars and had 1.8 million dollars in jewellery and art. Her retirement account was worth only 226,000 dollars.
The singer’s recording contract is listed as confidential because it was considered separate property due to the prenuptial agreement the former couple had.
In all, she had 10,242,931 dollars in various assets, and had debts totalling 4,294,014 dollars.