Toni Braxton is a singer, songwriter and actress born in Maryland. Toni Braxton Net Worth estimated of $10 million.
Toni Braxton was born on October 7, 1967 in Severn, Maryland. During her almost 25 years of career, Braxton has won multiple Grammy Awards and has sold more than 40 million albums internationally.
As of September 2013, she has released seven studio albums that have produced many of the top ten singles. To date, five of her studio albums have reached the Gold or Platinum level.
Toni Braxton bankruptcy and money problems despite all its commercial success, Toni has had a long history of money problems. She first filed for bankruptcy in 1998, at which time he had a debt of $ 5 million.
Her financial situation showed some signs of recovery after Toni released her hit album “The Heat” in 2000, which sold more than two million copies. Unfortunately, Toni was forced to file bankruptcy again in October 2010. In this presentation, it was reported that Toni as much as $ 50 million in debt.
She owed money to a wide range of creditors, including the IRS, Tiffany & Co, AT&T and Neiman Marcus, just to name a few. Reportedly, she spent $ 2.5 million on makeup, clothing and hair alone in less than two years.
In July 2013, Toni lost the rights to 27 of her most famous songs, including “You’re Making Me High,” “Always” and “How Many Ways,” as part of his ongoing bankruptcy case. That means she is no longer eligible to receive most of the royalties from sales of her own music.
Toni also does not receive significant royalties from her greatest hit “Un-Break My Heart”, because it was actually written by Diane Warren. Fortunately, Ms. Braxton is still a popular live act, especially abroad. She comfortably earns values of the Braxton family. Finally, a bankruptcy court erased a good portion of her debt, so I hope Toni can keep her finances clean this time.