Toni Braxton Net Worth 2013 – 2014: $3 Million
Toni Michele Braxton is a singer, songwriter, record producer and TV personality who is best known for her hit singles “Love Shoulda Brought You Home” and “Unbreak My Heart”. Despite of having a very successful singing career during the 90s, Braxton filed for Bankruptcy for the first time in 1998. During an interview on ABC she said that even though her albums generated over 170 million dollars in sales, she was only able to take home about $1,972 from her first contract, the record company took the biggest cut, and apparently she also loves spending a lot of money. Low income, plus big spending, equals bankruptcy. (If you want to see the full interview click here)
You might be asking yourself, why is Toni Braxton worth $3 million?, or, didn’t Toni owe like $50 or $60 million dollars? Well, Braxton did owe that kind of money, but according to several sources like TMZ and Daily Mail Online the case was already settled last year, and it only costed her about $150,000, so you could say that she’s now off the hook.
You have to understand that Toni is a very smart girl, she knows how to make money, and it looks like she also knows how to dodge bullets, because despite filing for bankruptcy twice she still lives in a mansion in Bel-Air, and some people believe that she still likes to spend money like a mad woman.
To make money after having so much financial problems she has appeared on magazines like Playboy, she has made live appearances all around the world, she became a reality tv personality who has appeared on “Dancing With The Stars” and “Braxton Family Values” along her sister Tamar Braxton and brother-in-law Vincent Herbert. And, I actually think that she’s now doing pretty well and living comfortably, because if you check out the video that I talked about earlier, you’ll hear one of her sisters say “if this means being bankrupt, sign me up! Did you see the size of that pool!”
But, how much is Toni Braxton really worth? Well, according to several online media outlets and magazines Braxton has an estimated net worth of -$50 million, however, after making our own calculations and taking into account her most recent work, earnings, and salary, we have come to the conclusion that she has a fortune of about $3 million dollars approximately. She recently revealed that she makes somewhere between $800,000 and $1 million a year, and she started making that kind of money after filing for bankruptcy in 2010, she decided to start making so much cash because her situation was so desperate at the moment that she was dragged back into the game.
Forbes Magazine has not ranked Toni yet on their 100 Richest Celebrities list yet, but they did write about her on an article about Celebrity Closures back in 2011, if you want you can read the full story here.
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