Whitney Houston's will leaves everything to her daughter, Bobbi Kristina Brown, including her money, clothing, jewelry, furniture and cars. Houston's ex-husband, Bobby Brown, who is mentioned in the will, will receive nothing.
When Houston passed away she was on the cusp of a comeback. She had completed rehab within the last year, filmed the movie Sparkle with Jordin Sparks and was recording new music. However, it has been reported that Houston also struggled financially and had taken many loans from her record label that needed to be paid back.
Unlike Michael Jackson, who wrote most of his music and owned the royalties, many of Houston's big hits were written by songwriters or other artists. So when sales of her albums and songs spiked after her death, Houston's estate did not profit as much as Jackson's.
Whitney Houston enjoyed a career that spanned over two decades. With her popularity and success, she could have easily been sitting in the net worth range of other pop icons like Beyonce or Mariah Carey, both worth hundreds of millions of dollars. However, Houston's estate has been reported to be worth around $20 million.
Brown will inherit a percentage when she turns 21. Another percentage when she is 25 and the rest when she is thirty. Forbes is reporting that Houston's will was last updated in 2004 and not 2000, as previously reported. The 2004 will names Houston's mother, Cissy Houston, as the executor but states that Patricia Houston, Whitney Houston's sister-in-law, would be trustee. It was previously reported that Houston's brother and sister-in-law, Michael and Donna Houston would be trustees.