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Whitney Houston’s spokesperson has denied that she has spent a reported $100 million and is asking friends for money.

Reports emerged Tuesday that Houston is “broke” and has been begging friends for money. A source told a gossip site that Whitney has been living off of money given to her by industry friends and a $100 million advancement on her album from Arista records.

They even claimed that she was phoning her friends, begging for $100. However, a spokesperson for Whitney has denied these claims. “That is ridiculous and not true!”

Houston stars in the remake of the film “Sparkle” due out in August 2012, which she also Exec produced.

It has been reported over the years that Whitney was running out of money due to spending excessive amounts of money to feed her drug habit. Those claims have never been verified.

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