Toni Braxton Net Worth

What is Toni Braxton’s Net Worth?

Net Worth:
$10 Million
Birth: October 7, 1967
Age: 56
Height: 1.56 m (5 ft 1 in)
Source of Wealth: Singer, Actor, TV Personality
Nationality: USA
Twitter: @Tonibraxton
Last updated: 2024

Introduction

Toni Braxton is a legendary American R&B singer, songwriter, and actress with a career spanning over three decades. She has sold over 70 million records worldwide, making her one of the best-selling female artists of all time. Her music has won her numerous accolades, including seven Grammy Awards, nine Billboard Music Awards, and several American Music Awards. In this article, we will examine Toni Braxton’s net worth, her early life, personal life, and how she spends her money.

Early Life

Toni Braxton was born on October 7, 1967, in Severn, Maryland. She is the eldest of six siblings, and her parents were both pastors. Her family was deeply religious, and she started singing in the church choir at a young age. Toni attended Glen Burnie High School in Maryland, where she was an honors student, and later went on to attend Bowie State University in Maryland. However, she dropped out of college to pursue her music career.

Career

Pop star TONI BRAXTON at the Billboard Music Awards at the MGM Grand Las Vegas
Pop star TONI BRAXTON at the Billboard Music Awards at the MGM Grand Las Vegas – Photo 36734922 © Featureflash | Dreamstime.com

Toni Braxton’s musical journey began in the early 1990s when she signed a recording contract with LaFace Records. Her first album, self-titled “Toni Braxton”, was released in 1993 and became a massive hit, selling an impressive 10 million copies worldwide. It marked the beginning of her successful career.

Building on her initial triumph, Toni released her second album, “Secrets”, in 1996. This album surpassed her previous success, selling over 15 million copies worldwide. The songs resonated with listeners globally, making her a beloved figure in the music industry.

Beyond her music, Toni Braxton ventured into acting, expanding her creative repertoire. She made appearances on various television shows, including “The Parkers”, “The O.C.”, and “Kevin Hart’s Guide to Black History”, Her talent and charm also landed her roles in movies like “Kingdom Come” and “Twist of Faith”.

Toni Braxton’s versatility and dedication have enabled her to excel in both music and acting, captivating audiences with her soulful voice and engaging performances. Her remarkable success in the entertainment world serves as an inspiration for aspiring artists and fans alike.

Personal Life

Toni Braxton has been married twice. Her first marriage was to musician Keri Lewis, with whom she has two sons. The couple divorced in 2013 after 12 years of marriage. In 2018, she became engaged to rapper Birdman, but the engagement was called off in early 2019.

Toni Braxton has been open about her health struggles. She was diagnosed with lupus in 2010 and has also battled heart disease. In 2019, she revealed she had undergone a breast cancer scare.

Net Worth

So, what is Toni Braxton’s net worth? Toni Braxton’s net worth is estimated to be $10 Million, according to Celebrity Net Worth. However, her net worth has fluctuated over the years. In the 1990s, Toni Braxton filed for bankruptcy twice, citing debts arising from her record deals and lawsuits.

Toni Braxton’s Financial Struggles

Toni Braxton, a renowned music artist, has faced a turbulent journey when it comes to her finances. Despite achieving great commercial success, money problems have haunted her for years. Let’s delve into her story.

First Bankruptcy and Hopeful Recovery

In 1998, Toni filed for bankruptcy for the first time, burdened by a staggering $5 million debt. However, a glimmer of hope emerged with the release of her hit album “The Heat” in 2000, which sold over two million copies.

Unfortunately, fate had a different plan. In October 2010, Toni was forced to file for bankruptcy once again, this time with a shocking $50 million debt. She owed money to various creditors, including notable names like the IRS, Tiffany & Co, AT&T, and Neiman Marcus.

Toni’s spending habits were also under scrutiny, with reports of splurging an astounding $2.5 million on makeup, clothing, and hair within a short span of two years. Such lavish expenses worsened her financial woes.

Battling Bankruptcy and Lost Song Rights

In her ongoing bankruptcy case, Toni suffered another blow, losing the rights to 27 of her most beloved songs, including hits like “You’re Making Me High”, “Always”, and “How Many Ways”. This meant a significant reduction in royalties from her own music.

Despite these setbacks, Toni continues to shine through live performances, personal appearances, and her reality show “Braxton Family Values”, earning an annual income ranging from $750,000 to $1 million.

Fortunately, a bankruptcy court provided some relief, wiping away a substantial portion of Toni’s debt. Let’s hope this fresh start enables Toni to maintain a stable financial situation.

How Does Toni Braxton Spend Her Money?

Toni Braxton has spent her money on a range of things throughout her career. She has owned several properties, including a mansion in Atlanta and a home in Calabasas, California. She has also owned several luxury cars, including a Bentley and a Porsche. Additionally, Toni Braxton has been known to spend money on jewelry, including a 10-carat diamond ring that she reportedly purchased for $5 million.

Conclusion

Toni Braxton’s net worth may have fluctuated over the years, but her influence on the music industry is undeniable. Her story is a testament to perseverance, and her music has touched the hearts of millions of fans around the world. We hope this article has given you a deeper understanding of Toni Braxton’s life and career.

Frequently Asked Questions about Toni Braxton

What is Toni Braxton’s biggest hit?

Toni Braxton’s biggest hit is “Un-Break My Heart,” a ballad released in 1996 that topped the Billboard Hot 100 and stayed on the charts for 33 weeks.

How many Grammys has Toni Braxton won?

Toni Braxton has won seven Grammy Awards, including Best New Artist in 1994 and Best Female R&B Vocal Performance in 1994 and 1997.

Does Toni Braxton have a clothing line?

Yes, Toni Braxton launched her own fashion line in 2011, called The Toni Braxton Collection.

Is Toni Braxton still performing?

Yes, Toni Braxton is still performing. In fact, she is currently on tour with fellow R&B singer, Kenny “Babyface” Edmonds.

Has Toni Braxton done any philanthropic work?

Yes, Toni Braxton is involved in several charitable organizations, including Autism Speaks and the American Heart Association.

Fabrice
Fabrice
Seo Copywriter/Community Manager/Content creator - I possess a strong professional interest in the digital world, with a particular focus on the field of marketing and communication.

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