Toni Braxton Net Worth

How much is Toni Braxton Worth?

in Richest CelebritiesSingers
Net Worth:
$10 Million

Toni Braxton net worth: Toni Braxton is a Maryland-born singer, song writer and actress who has a net worth of $10 million dollars. Toni Braxton was born on October 7, 1967 in Severn, Maryland. During her nearly 25 year career, Braxton has won multiple Grammy Awards and sold over 40 million albums internationally. As of September 2013, she has released seven studio albums which have produced many top ten singles. To date, five of her studio albums have achieved Gold or Platinum status.

Toni Braxton Bankruptcy and Money Issues
Despite all of her commercial success, Toni has had a long history of money problems. She first filed for bankruptcy in 1998, at which time she was $5 million in debt. Her financial situation showed some signs of recovery after Toni released her hit album "The Heat" in 2000, which went on to sell over two million copies. Unfortunately, Toni was forced to file for bankruptcy again in October 2010. In this filing, Toni was reportedly 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. She reportedly spent $2.5 million on makeup, clothing and hair alone in under 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 her ongoing bankruptcy case. That means she is no longer eligible to recieve the lion's share of royalties from the sales of her own music. Toni also does not receive significant royalties from her biggest hit "Un-Break My Heart", because it was actually written by Diane Warren. Fortunately, Ms. Braxton is still a popular live act, especially overseas. She comfortably earns between $750,000 and $1 million per year from live shows and personal appearances, including her reality show Braxton Family Values. Eventually a bankruptcy court wiped away a good chunk of her debt, so hopefully Toni can keep her finances clean this time around.

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Toni Braxton

Toni Braxton

Singer
Nicknames
Tony Braxton, Braxton, Toni, Toni Braxon, Toni Michelle Braxton
Profession
Singer, Actor, Singer-songwriter, Artist, Record producer, Pianist, TV Personality, Musician, Music artist
Date of Birth
1967-10-07
Nationality
United States of America
Height
5 ft 1 in (1.562 m)
Ethnicity
African American
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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