Toni Braxton net worth

Toni Braxton Net Worth 2023: Up-To-Date Facts And Bio

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Toni Braxton is a well-known American singer, songwriter, actress, and celebrity. The highs and lows of her life have been widely publicized and speculated on, but no matter what, Toni seems to come out on top. Starting her singing career as a young child, she has worked her way to stardom and continues to wow audiences around the globe.

Toni Braxton is currently worth about $15 million. She began her music career when she formed a group with her sisters. She has made it through financial difficulties, divorce, and a child with autism. She has owned and sold various properties and starred on a reality show with her siblings.

One constant has remained through the challenges and triumphs of Toni Braxton’s life. Her dedicated passion and drive for her work. Toni has sold over 70 million albums worldwide and remains in high demand for personal appearances and performances. Read on to learn more about Toni Braxton, her net worth, and up-to-date facts for 2023.

Toni Braxton’s Highest Net Worth

Toni Braxton has reached the peaks of success during her career and has also been known for her financial difficulties. Her hard work and never-say-die attitude have awarded her ongoing success and the ability to overcome whatever challenges she may face.

Toni released her first album in 1990 while in her family group, The Braxtons. The album “Good Life” was not the success they had anticipated, and the group was dropped from their album shortly after its release.

Not long after the failure of “Good Life,” in 1992, Toni was signed to LaFace Records. The company was newly formed, but that did not stop them from helping Toni achieve roaring success on her debut solo album, “Toni Braxton.”

The album reached a glorious number one on the Billboard charts in many countries around the globe and sold over 10 million copies.

Four years later, in 1996, Toni released her next album, “Secrets.” The album was once again well-received and sold over 15 million copies around the globe.

Toni Braxton declared bankruptcy in 1998. She was broke and in debt of about $5 million. The singer sold her property, clothing, and prized possessions to get out of debt and sued the record company to which she was signed. She later revealed they had paid her $20 million in settlement fees.

Also in 1998, Toni joined the Beauty and the Beast cast on Broadway and released her next studio album, “The Heat.” Her third album performed well, and she toured to promote it to fans. 

In 2002, Toni Braxton released her fourth studio album, “More Than A Woman,” In 2005, she released “Libra.” In 2006, she replaced Wayne Newton at the Flamingo Hotel in Las Vegas and Headlined with her act entitled: “Toni Braxton: Revealed.”

Unfortunately, what should have been a massive financial boost for Toni ended in more financial challenges. Her run was scheduled to end in 2010; however, in 2007, she became ill and could not continue. She had paid for the vendors herself and now could not make all the money back.

In 2010, Toni Braxton filed for bankruptcy again. She saw no other way to protect herself and her children. In the same year, she released her next album, “Pulse.”

In 2011, Toni teamed up with her sisters to air the TV reality show “Braxton Family Values.” The show was a massive success and earned her enough to settle her bankruptcy issues. She had lost rights to many of her hits and no longer receives royalties for many of the hits that made her famous.

With the new financial freedom that came with being a reality TV star, Toni teamed up with Babyface in 2014. Their collaborative album, “Love, Marriage, and Divorce,” earned them a Grammy for best R&B album.

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Today, Toni has sold about 70 million records worldwide. She is a sought-after performer and earns between $750,000 and $1 million yearly from live performances and personal appearances alone. In 2022 she was considered worth $10 million; in 2023, she is believed to be worth $15 million.

With bankruptcy behind her and her earning power more securely in her own hands, this may be her time to take control and earn more than ever.

Toni Braxton’s Biography

Toni Braxton has led an eventful, challenging, yet somewhat charmed life. Where some may see a struggle, we see someone who has fought to get to the top and stay there, no matter the difficulties.

Let us take a look at Toni Braxton, the woman.

Full Name: Toni Michele Braxton

Birthday: October 7, 1967

Age: 55 in 2023

Best Known For: R&B and Soul singer

Zodiac Sign: Libra

Children: 2 sons

Married: Married once, divorced, now dating

Siblings: 1 brother, 4 sisters

Nationality: American

Race: African-American

Profession: Singer, Songwriter, Actress

Source of Income: Singing, Songwriting, Acting, Public Appearances

Toni Michele Braxton was born on 7 October, 1967 to Michael and Evelyn Braxton, both pastors at the local methodist church in Maryland. Her family loved making music, and Toni made her public singing debut in their church choir.

Toni is the oldest of six children. She has one brother and four sisters. While attending Bowie State University in Maryland to become a teacher, Toni’s phenomenal singing talent was discovered.

She was singing to herself while filling her car with gas. Composer and producer William Pettaway happened to hear her and convinced her to try a career in singing instead of teaching.

Toni first formed a band with her sisters. It was called The Braxtons. Their 1990 album did not do well, and their record company dropped them after its release.

In 1992, Toni was signed to a different label and began releasing solo albums to much acclaim. That was when her career took off.

Unfortunately, the royalties she received from selling millions of records and touring tirelessly were not enough to sustain her. She had to file for bankruptcy twice, first in 1998 and again in 2010. After both embarrassing times, Toni rose above the situation and came out on top.

She launched a career in reality TV with her sisters in 2011 and continued her music recording work to the continued support of her fans.

Toni married Keri Lewis in 2001 and had their first son the same year. She became pregnant the following year and was placed on bed rest. Their second son was born in 2003 and is autistic. Rising to the occasion once again, Toni became the spokesperson for Autism Speaks, an organization that supports those with Autism and their families.

Toni and her husband divorced in 2013. She began dating Birdman in 2016. They had plans to marry, which fell through, but they confirmed that they were still together in 2019.

Toni Braxton’s Source Of Income

Toni Braxton is primarily a singer and songwriter. She makes the majority of her income from performing live and selling records. However, because of her bankruptcy case in 2010, she no longer has the rights to 27 of her biggest hit songs. That means that she does not receive royalties from many of her songs that are played on public platforms.

Toni is also an actress and makes public appearances. She performs and tours for her fans and receives money for those performances. While the reality show “Braxton Family Values” seems off the cards for now, there is talk of a return, perhaps on a different network. If the show continues, Toni will receive income from the show once more.

Toni Braxton’s Properties

Toni Braxton has owned, lost and sold a number of properties over the years. Join us for a guided tour of the Toni Estate Empire.

1. Atlanta

In 1999, Toni Braxton bought her home in Atlanta, Georgia, for $1.3 million. It had 6 bedrooms and 6,400 square feet. It came with 2.3 acres of land. She sold the property for $1.4 million in 2003.

2. Los Angeles

Her next home was in Los Angeles. It was purchased for $1.2 million and is found on less than half an acre of land. Toni Bought it in 2002 and sold it a few years later for $2.2 million.

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The house has five bedrooms and seven bathrooms. The outdoor area has a pool and spa area.

3. Atlanta

In 2004, Toni bought an 11,000-square-foot mansion in Atlanta. She purchased it for $1.5 million. The house has six bedrooms, six bathrooms, a jacuzzi, a library, and a gourmet kitchen.

Toni had to take out a loan to purchase the home and could not afford to make the repayments. She put the house on the market in 2012 at $1.1 million but ultimately lost the house to foreclosure during her bankruptcy case.

4. Henderson, Nevada

Toni next owned a house in Henderson, Nevada. She spent $2.6 million to purchase it but later lost it in her bankruptcy ordeal of 2010. The house is in a gated community on 0.37 acres of land.

It has 5608 square meters of living space, four bedrooms, and four bathrooms. The outdoor area includes a pool and spa.

5. Calabasas

In 2014, Toni Braxton reportedly bought a $3 million house in Calabasas. The gated community called “The Oaks” is exclusive and home to stars like Justin Bieber. In fact, Bieber is said to live only a few doors away from Toni.

The house is 5 323 square feet and is the smallest in the area. It has four bedrooms, five bathrooms, and a pool. She lived in the house for two years before placing it on the market in 2016 for $3.4 million.

6. Century City

In 2018, Toni bought two Century City condos in the same building. Both condos measure 2,240 square feet and have two bedrooms with three and a half bathrooms. The luxurious Le Parc complex overlooks the Hillcrest Country Club. One condo was purchased for $3.35 million, and the other for $2.85 million.

She put the condos on the market in 2022.

Best Achievement Of Toni Braxton

Toni Braxton has achieved numerous awards and garnered much respect over her years in the entertainment industry. Her tireless work ethic and never-say-die attitude have given hope to fans around the globe, and she remains a highly sought-after performer and celebrity.

Toni has sold over 70 million records globally throughout her career and has been nominated for and won various awards. She has topped the charts in multiple countries.

Besides her awards and accolades, Toni Braxton has amassed a considerable body of work over her thirty-year career to date. According to her discography, she has released 10 studio albums, 5 extended plays, 6 compilation albums, 2 remix albums, 34 singles, 2 video albums, and 22 music videos so far.

Now, let us look at her awards in some detail.

Toni Braxton’s Grammy Awards

  • Best New Artist for “Toni Braxton” in 1994
  • Best Female R&B Vocal Performance for “Another Sad Love Song” in 1994
  • Best Female R&B Vocal Performance for “Breathe Again” in 1995
  • Best Female Pop Vocal Performance for “Unbreak My Heart” in 1996
  • Best Female R&B Vocal Performance for “You’re Making Me High” in 1997
  • Best Female R&B Vocal Performance for “He Wasn’t Man Enough” in 2001
  • Best R&B Album (with Babyface) for “Love, Marriage, And Divorce” in 2015

Toni Braxton’s Soul Train Music Awards

  • Best R&B/Soul Single, Female for “Breathe Again” in 1994
  • Best R&B Album of the Year, Female for “Toni Braxton” in 1994
  • Best R&B/Soul Single, Female for “You’re Making Me High/Let It Flow” in 1997
  • Best R&B Album of the Year, Female for “Secrets” in 1997
  • Legend Award in 2017

Toni Braxton’s NAACP Image Awards

  • Outstanding Female Artist for “Toni Braxton” in 1994
  • Outstanding Song, Traditional for “Long As I Live” in 2019

Toni Braxton’s American Music Awards

  • Favorite Adult Contemporary New Artist for “Toni Braxton” in 1994
  • Favorite Soul/R&B New Artist in 1994
  • Favorite Soul/R&B Album for “Toni Braxton” in 1995
  • Favorite Soul/R&B Female Artist in 1997
  • Favorite Soul/R&B Album for “Secrets” in 1997
  • Favorite Soul/R&B Female Artist in 2001
  • Favorite Soul/R&B Album for “The Heat” in 2001

Toni Braxton’s Echo Awards

  • Best International Pop/Rock Female Artist in 1998

Toni Braxton’s Billboard Music Awards

  • Best R&B Single for “You’re Making Me High” in 1996
  • R&B Female Artist of the Year in 1997
  • Female Adult Contemporary Artist of the Year in 1997
  • Adult Contemporary Single of the Year for “Unbreak My Heart” in 1997
  • R&B Female Artist of the Year in 2000
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Toni Braxton’s Fall

Toni Braxton has declared bankruptcy twice. At first glance, this may seem shocking. She is a multi-award-winning superstar who regularly performs and releases new music. How could she be broke? The truth behind the music industry is that for some artists, record deals are not as glamorous as they seem.

For Toni, the record deal she signed with the fledgling record label LaFace/Arista in 1992 guaranteed her only 35 cents per album she sold. The agreement did not seem like an issue at first. The label gave her millions in advance for touring, shooting videos, and more. In that way, Toni was trapped in a never-ending cycle of debt that she simply could not repay.

In a 2012 interview with 20/20, Toni shared that her low income and high expenditure were made worse by a toxic trait she battles. Toni has a weakness for home items. Sheets and plates bring her particular joy, and she admits that she spent excessive amounts of money on luxurious items for her homes at a time when she was not earning enough to pay for them.

Her second bankruptcy came during her residency in Las Vegas. The residency, highly coveted by many performers, was set to run from 2006 to 2010. However, during a performance in 2007, Toni collapsed on stage and was subsequently diagnosed with Lupus.

Under the crushing news of her diagnosis, Toni had no choice but to cancel the residency and was forced to refund the service providers and vendors for which she had paid upfront. The ordeal pushed her back into bankruptcy.

Toni had two young children at this stage, one with Autism, and she rose to the challenge of all her struggles to become the spokesperson for Autism Speaks. She also began her career as a reality TV star and resumed studio recordings for a new album.

With two bankruptcies behind her, Toni Braxton’s biggest fall these days may be a wardrobe malfunction like the one she experienced on stage in 2013. While it may delight fans to see more of her beautifully toned curves, the R&B star takes every fall in her stride and faces them head-on and with the dignity we have come to expect from her.

Lesson To Learn From Toni Braxton’s Life

If there is one central lesson to learn from the life of R&B star Toni Braxton, it is to be adaptable and open to changing things up when the going gets rough.

Toni was attending college to become a teacher when she decided to try a career in singing. She first attempted to make it work with a band she started with her sisters. When their band got dropped by their record label, she went solo and began her career again.

After her first bankruptcy, she could have given up. Instead, she performed on Broadway, married, had children, and kept recording. When her second child was diagnosed as autistic, she faced another challenge and rose to meet it. Instead of crumbling, she proved adaptable and open to changing things up.

She sells houses and belongings when necessary. She tries out being a reality star or collaborations with other musicians.

Even when people judged Toni for her bankruptcy cases, she held her head high and kept working hard to make a success of her life.

The lessons to learn from Toni Braxton are many, but here are a few takeaways we think you should keep in mind:

  • Always read the fine print
  • Keep working toward your goal
  • Remember your worth
  • Do not spend more than you make
  • Be adaptable, and change when you need to
  • Rise up to the challenges that come your way
  • Keep on dancing to your own tune

Wrap-Up

Toni Braxton is an American singer, songwriter, and actress worth around $15 million. She has sold over 70 million albums globally and continues to perform. Although she was forced to declare bankruptcy twice, her net worth remains well within the range of top earners.

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