Looks like Whitney knew how to spend all of that money that she was left with by the big bad music company:
Whitney Houston’s heirs are counting on royalties from her record company Sony, they may soon feel like paupers.
On Wednesday, music-industry blogger Wayne Rosso quoted a label executive “familiar with Sony’s accounting” who said the late singer’s estate probably won’t see any royalty checks from her record label “in our lifetime” — and maybe longer — thanks in part to the number of advances and loans she took from the $100 million deal she cut with Sony Music in 2001.
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Whitney Houston's heirs may not receive any money because of late singer's huge debt - NY Daily News