Winehouse hands control of fortune to parents

Troubled singer Amy Winehouse has reportedly handed control of her £14.5m (€16.5m) fortune over to her parents.

Troubled singer Amy Winehouse has reportedly handed control of her £14.5m (€16.5m) fortune over to her parents.

The singer has been enjoying a sunshine break in St Lucia since December following numerous health problems throughout 2008, which included a stint in rehab and several prolonged stays in hospital.

The star has been known to spend recklessly in the past - but in a bid to keep a reign on her vast earnings, she is now said to have signed over controlling rights of her money to parents Mitch and Janis.

It means that Winehouse cannot make any major business decisions concerning her company, Cherry Westfield, without consulting them first.

A source told the Sunday Mirror newspaper: "Everyone is pleased because it means Amy is listening to good advice. It's still her money and nobody else can touch it. But this stops her doing anything stupid. And it is evidence that Amy is really turning her life around."

The singer reportedly signed documents which give her parents "articles of association", handing them shares in her company and voting rights that could restrict her actions.

The source added: "Mitch convinced Amy she needs a safety valve for the money for her own good - to stop her doing anything rash. She can be very impetuous and the family wanted to protect her. She cannot make a sudden decision.

"Her dad wad also worried she might be tempted to go back to (her jailed husband) Blake (Fielder-Civil) - and put him in charge. That is now impossible. This would never have happened before, certainly not when she was with Blake. It's her money and nobody else can touch it. But she can't do anything stupid."

More in this section

IE Logo

ABHAILE

Your guide to staying at home

Essential Menopause Survival Guide

HOME DELIVERY SERVICE

Have the Irish Examiner delivered to your door. No delivery charge. Just pay the cover price.

Discover the

Install our free app today

Available on