Whitney Houston: ' I'm Not Broke '

Tuesday, the blogosphere started humming over RadarOnline.com’s report that Houston has gone broke and is hanging on by a wing and a prayer just to get to the next day. But she released a statement to CNN, saying the allegations are “false and ridiculous.”

Her representatives attempted desperately to convince the public that she’s in a great place, pointing to her new project, “Sparkle.” She plays the role of Sparkle’s mother, Emma. But according to Radar Online, she had allegedly blown all her fortune she earned over the nearly three decades of singing and acting.

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