Singer, former model, and actress Whitney Houston had a net worth of -$20 million at the time of her death. Even though Houston once signed a $100 million contract and sold over 200 million albums in her lifetime, she was in fact nearly $20 million in debt to her record label Sony when she passed away in February 2012.
Whitney Elizabeth Houston (August 9, 1963 – February 11, 2012) was an American recording artist, actress, producer, and model. In 2009, the Guinness World Records cited her as the most awarded female act of all time. Houston was one of the world's best-selling music artists, having sold over 200 million records worldwide. She released six studio albums, one holiday album and three movie soundtrack albums, all of which have diamond, multi-platinum, platinum or gold certification. Houston's crossover appeal on the popular music charts, as well as her prominence on MTV, starting with her video for "How Will I Know", influenced several African American female artists to follow in her footsteps.
Houston is the only artist to chart seven consecutive No. 1 Billboard Hot 100 hits. She is the second artist behind Elton John and the only female artist to have two number-one Billboard 200 Album awards (formerly "Top Pop Album") on the Billboard magazine year-end charts. Houston's 1985 debut album Whitney Houston became the best-selling debut album by a female act at the time of its release. The album was named Rolling Stone's best album of 1986, and was ranked at number 254 on Rolling Stone's list of the 500 Greatest Albums of All Time. Her second studio album Whitney (1987) became the first album by a female artist to debut at number one on the Billboard 200 albums chart.