Toni Braxton Net Worth - Pulptastic

June 04, 2024

What is Toni Braxton’s net worth?

Toni Braxton is a successful American singer, songwriter, pianist, record producer, actress, television personality, and philanthropist with a net worth of $10 million dollars. She has sold over 67 million records worldwide, making her one of the best-selling female R&B artists in history. Braxton is also a multiple Grammy Award winner.

Toni Braxton’s Early Life

Toni Braxton was born in Maryland in 1967 to parents Michael and Evelyn. Her family was both religious and musical, with her parents involved in the local Methodist church and her mother a former opera singer. Braxton’s first singing performance was in her church choir, and she went on to attend Bowie State University with the intention of becoming a teacher.

However, after a chance encounter with composer and producer William Pettaway Jr., Braxton decided to pursue a career in singing.

Braxton is the oldest of six siblings, with one brother and four younger sisters, all of whom have also pursued careers in the entertainment industry.

Toni Braxton’s Career Highlights

In 1989, Toni Braxton and her sisters formed The Braxtons and signed with Arista Records. Their first single, “Good Life,” was released in 1990 but didn’t gain traction. However, producers L.A. Reid and Babyface asked Toni to record a demo tape of “Love Shoulda Brought You Home,” which was ultimately included on the “Boomerang” soundtrack. They signed Toni to LaFace Records and released her debut album, “Toni Braxton,” in 1993, which won three Grammy Awards. Her second album, “Secrets,” was her most successful, featuring the hit singles “You’re Makin’ Me High” and “Un-Break My Heart.”

Braxton faced health issues and contract disputes during the release of her next few albums but won a Grammy for her 2014 collaboration album with Babyface, “Love, Marriage, & Divorce.” She also made her Broadway debut in “Beauty and the Beast” and has appeared on reality TV shows such as “Braxton Family Values.” Braxton headlined a Las Vegas show from 2006 to 2008, but had to cancel later dates due to a heart condition.

Toni Braxton’s Personal Life

Toni Braxton married musician Keri Lewis in 2001 after meeting him on tour. They have two sons, Denim Cole Braxton-Lewis and Diezel Ky Braxton-Lewis, who was diagnosed with autism. Braxton is involved with Autism Speaks as their International Spokesperson. The couple divorced in 2013.

In 2016, Braxton started dating rapper Birdman and announced their engagement in 2018. However, they called it off in 2019, but later confirmed they were still together.

Toni Braxton’s Health Issues

Rumors circulated in 2007 that Braxton had breast cancer, which she denied. In 2008, she had a benign lump removed from her breast and was briefly hospitalized in April. She later revealed that she had been diagnosed with microvascular angina. In 2010, Braxton disclosed that she had systemic lupus erythematosus, a potentially life-threatening autoimmune disease.

Toni Braxton’s Ongoing Money Problems

Toni Braxton has a long history of financial difficulties, having filed for bankruptcy twice. In 1998, she filed for bankruptcy when she was $5 million in debt. Her financial situation improved after the release of her hit album, The Heat, in 2000, but she was forced to file for bankruptcy again in 2010 when she was reportedly as much as $50 million in debt.

Braxton owed money to a variety of creditors, including the IRS, Tiffany & Co, AT&T, and Neiman Marcus. She spent $2.5 million on makeup, clothing, and hair in less than two years. In 2013, she lost the rights to 27 of her most famous songs as part of her ongoing bankruptcy case, meaning she no longer receives the majority of royalties from those songs.

Braxton’s biggest hit, “Un-Break My Heart,” was actually written by Diane Warren, so she does not receive significant royalties from it. However, she continues to earn between $750,000 and $1 million per year from live shows and personal appearances, including her reality show Braxton Family Values.

Despite the challenges, a bankruptcy court wiped away a significant portion of her debt, offering hope that Braxton can maintain her financial stability moving forward.

Toni Braxton’s Real Estate Investment in Calabasas

In 2014, Toni Braxton purchased a 5,323-square-foot home in The Oaks neighborhood of Calabasas, California for $2.9 million. The four en-suite bedroom home was considered “affordable” for the area and was built in 2006. Two years later, she sold the property for $3.4 million, making a profit of half a million dollars.