Toni Braxton (Bankrupt in 1998 and again in 2010): After her album Secrets went platinum with No. 1 hits “You’re Makin’ Me High” and “Un-Break My Heart,” Braxton was an overnight success. But despite selling 25 million albums worldwide, she declared bankruptcy in 1998 after racking up a $20,000 American Express bill and monthly expenses of over $43,000. So much for learning her lesson, though — by 2010, the R&B singer was bust a second time with debts as high as $50 million. If that’s not enough public embarrassment for you, tune into the sordid affairs and finances of Toni and her kin in the Braxton Family Values reality show on WEtv, a property of AMC Networks (NASDAQ:AMCX).
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Article printed from InvestorPlace Media, http://investorplace.com/2012/07/10-ugliest-celebrity-bankruptcies-in-history/.
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