Toni Braxton didn’t just bounce back from bankruptcy once — she did it twice. The “Un-Break My Heart” singer first declared bankruptcy in 1998. In a 2012 interview with “20/20,” she blamed her financial woes on a combination of small royalty checks and a serious spending habit.
She racked up $170 million in worldwide sales from hits like “Breathe Again,” but Braxton told ABC News she only received a $1,972 royalty check from her first recording contract. Paired with splurges on items like Faberge eggs, she couldn’t pay the bills.
In 2010, Braxton filed for bankruptcy again, citing debts between $10 million to $50 million, Reuters reported. She settled her Chapter 7 case for $150,000 in 2013, according to UPI.
During her second bankruptcy, she landed the reality show “Braxton Family Values,” which likely paid well, because she bought a $2.9 million Calabasas, Calif., home in 2014, Variety reported. Braxton’s net worth is now $10 million.
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