Celebrity News Today | Amy Winehouse 'blew her fortune on drugs and friends'. Amy Winehouse blew her fortune on medication, friends and expensive holidays, it's been claimed. The singer was estimated to be price between £10m and £15m following the massive success of her second album Back to Black.
However, she left simply £4,257,580, reduced to £2,944,554 when debts and taxes were paid, when she died. the number are going to be divided between her folks Mitch and Janis Winehouse. The Daily Mail reports that Winehouse spent £1m on medication between 2006 and 2008 and splashed out £500,000 on a vacation in St Lucia lasting a year.
She additionally invested £500,000 in her protege Dionne Bromfield, gave Blake Fielder-Civil a £250,000 pay-off throughout their divorce, and spent £130,000 putting friend Alex Foden through rehab. it's additionally claimed that Winehouse gave many thousands of pounds to friends for things together with paying for his or her rent and for medication. "Before Amy died, cash was being leeched off her left, right and centre. it had been like taking cash off a baby when it came to Amy - she could not stop giving it away. Mitch knew that almost all of it had in all probability been spent already," an addict said.
The 'Rehab' star was additionally a "soft touch" when it came to charitable campaigns. "If you asked her, she would do it. you only had to call it," a supply commented. Winehouse was director of Goal Music Productions Ltd, CW Touring Ltd, AW Promotions Ltd, Essney Ltd, Cherry Westfield Ltd and Lioness Records Ltd. Most had simply a number of thousand pounds in their accounts, whereas Cherry Westfield held a £2.3 million money float. Accountants had thought she might have more cash betrothed in investments and trusts.
Winehouse had a a mortgage from Coutts Bank on her £1.8m, ten-bedroom house in Camden sq., spent £1,000 a month on her kittens, and would pay £20,000 in a day at Selfridges on dresses, the report adds. "Although she is incredibly iconic, Amy truly did not have a classic pop star's career in terms of earnings," the supply went on. "She had one fairly successful album, Frank, and one terribly successful one, Back To Black, however she did not tour at that time thanks to her personal issues.
"As everybody is aware of, of late the cash is within the touring instead of merely the music. And then she never got it along enough to unleash any further music, therefore the cash is not that giant." Tim Southam, an accountant who has worked with varied recording stars, described Winehouse's estate as a "conundrum".
