What is Toni Braxton’s net worth?
Toni Braxton is a $10 million dollar American singer, songwriter, pianist, record producer, actress, television personality, and philanthropist. Over 67 million records have been sold globally by Braxton. She is one of the most successful female R&B artists of all time. Braxton has received numerous Grammy Awards.
Toni Michelle Braxton was born in Severn, Maryland, on October 7, 1967. She comes from a musical and religious family. Her parents, Michael and Evelyn, were both clergymen and pastors at their local Methodist church. Braxton’s father was also employed by the electricity business. Her mother worked in a beauty salon and was a former opera singer. Toni’s paternal grandfather served as a pastor as well.
With one brother (Michael, 1968) and four younger sisters, she is the oldest of six siblings (Traci 1971, Towanda 1973, Trina 1974, and Tamar 1977). Braxton made her first public appearance as a singer in her church choir. She went to Bowie State University in Maryland to study education with the goal of becoming a teacher. However, after hearing her singing to herself while pumping gas, composer and producer William Pettaway Jr. persuaded her to pursue a singing career.
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Braxton and her sisters formed The Braxtons in the late 1980s and landed a deal with Arista Records in 1989. The group’s first hit, “Good Life,” was released in 1990. Although the song failed to chart, it caught the attention of producers Antonio “L.A.” Reid and Kenneth “Babyface” Edmonds. Toni was requested to record a demo tape of “Love Shoulda Brought You Home,” a song written for Anita Baker to sing on the soundtrack of Eddie Murphy’s film “Boomerang.” Instead, Baker suggested that Braxton sing it. Toni’s rendition, as well as a duet between Braxton and Edmonds, were featured on the final soundtrack. Braxton was signed to LaFace Records by L.A. and Babyface, and she immediately began working on her debut solo album.
Toni Braxton’s album “Toni Braxton” was released in July 1993 and reached the top of the albums list. Toni’s debut hit, “Another Sad Love Song,” was the very first number one song on the then-brand-new Adult R&B charts. Braxton’s debut album yielded five singles and was nominated for three Grammy Awards, including Best New Artist and Best Female R&B Vocal Performance for two years in a row. Braxton released her second album, “Secrets,” in the summer of 1996. It’s her best-selling album to date. Braxton’s first number-one success on the Billboard Hot 100 charts was “You’re Makin’ Me High.” The second single is titled “Diane Warren’s superb songwriting and composing contributed to Un-Break My Heart being Braxton’s biggest hit. The song topped the Hot Dance Singles list for 11 weeks.
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Braxton’s albums “More Than a Woman” (issued in 2002), “Libra” (released in 2005), and “Pulse” (released in 2010) were all released during a period of health concerns and contract disputes. In 2014, Braxton and Babyface released “Love, Marriage, and Divorce.” In 2015, the album earned them a Grammy Award for Best R&B Album. Braxton’s ninth album, “Sex & Cigarettes,” was released in 2018.
Braxton made her Broadway debut as Belle in “Beauty and the Beast” in 1998. Alan Menken wrote “A Change in Me,” a new song for the legendary musical written specifically for Braxton. Toni quit the “Beauty and the Beast” production in 1999.
With “Braxton Family Values,” which has been on WeTV since 2011, and “Tamar and Vince,” which stars her younger sister Tamar, Braxton has dabbled in reality TV.
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In 2006, Braxton headlined “Toni Braxton: Revealed” at the Flamingo in Las Vegas. She was on stage six evenings a week. Her tenure on the show was extended to August 2008 due to its popularity. When Braxton was diagnosed with a heart problem, the show’s later dates were canceled.
Toni Braxton met musician Keri Lewis while on tour with her band Mint Condition. On April 21, 2001, they tied the knot. Denim Cole Braxton-Lewis, their son, was born the same year. She became pregnant with her second kid in 2002 and was forced to stay in bed. Diezel Ky Braxton-Lewis, her second son, was born in March 2003. Toni is the International Spokesperson for Autism Speaks, and Diezel is autistic. In July 2013, Braxton and Lewis divorced.
In May 2016, Braxton began dating rapper Birdman. In February 2018, they announced their engagement. The couple called off their engagement in January 2019. Braxton and Birdman, on the other hand, affirmed that they were still together in April 2019.
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Rumors began to surface in late summer 2007 that Braxton had been diagnosed with breast cancer. At the time, she denied it. She had a benign lump removed from her breast in 2008. Braxton was briefly hospitalized on April 8, 2008, and her remaining gigs at the Flamingo Hotel in Las Vegas were canceled. Later, when appearing on Season 7 of “The Walking Dead,” “She revealed on Dancing with the Stars that she had been diagnosed with microvascular angina (small vessel disease).
Braxton disclosed to CBS News on November 18, 2010, that she had been diagnosed with systemic lupus erythematosus (SLE), a potentially fatal autoimmune condition.
Toni Braxton Bankruptcy and Money Issues
Toni has a long history of financial difficulties, despite her economic success. She filed for bankruptcy for the first time in 1998, when she was $5 million in debt. Toni released her smash album The Heat in 2000, which went on to sell over two million copies, and her financial condition began to improve. Toni was forced to file for bankruptcy once more in October 2010. Toni was reportedly in debt to the tune of $50 million at the time of the filing.
The IRS, Tiffany & Co, AT&T, and Neiman Marcus, to mention a few, were among the creditors she owed money to. In less than two years, she reportedly spent $2.5 million on makeup, clothing, and hair. As part of her continuing bankruptcy lawsuit, Toni lost the rights to 27 of her most popular songs, including “You’re Making Me High,” “Always,” and “How Many Ways.” That means she’s no longer entitled to the lion’s share of royalties from her own music sales.
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Toni also doesn’t get a lot of money from her biggest hit, “Un-Break My Heart,” because it was written by Diane Warren. Fortunately, Ms. Braxton remains a popular live performer, particularly in Europe. Her live events and personal appearances, including her reality show Braxton Family Values, bring her between $750,000 and $1 million each year. Toni’s debt was eventually wiped away by a bankruptcy court, so she should be able to keep her money clean this time.
Purchasing Real Estate
Braxton paid $2.9 million for a 5,323-square-foot property in Calabasas’ The Oaks community in the fall of 2014. The four en-suite bedroom home, which was built in 2006, was considered an “affordable” home for someone wishing to relocate to this sought neighborhood. She sold it for $3.4 million in 2016.