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Toni Braxton:

My Vegas Show Broke Me

10/7/2010 2:00 PM PDT BY TMZ STAFF

A close relative of Toni Braxton tells TMZ ... the singer's financial undoing can be traced back to her show in Las Vegas.

Toni Braxton broke.
The relative tells us Toni took out "show insurance" through Lloyd's of London for her act at the Flamingo Las Vegas Hotel & Casino back in 2006. 

And when Toni's heart condition started to act up  -- in the middle of the show's run -- she had to pull the plug, but she was still on the hook to the hotel for big bucks.  Toni expected Lloyd's to cover the loss but Lloyd's didn't, arguing Toni had an undisclosed, preexisting medical condition, rendering the policy void.

In the end, Toni had to absorb a huge loss, which the relative claims sent her on a downward financial spiral.

Still, it doesn't explain the bill for the Four Seasons and Tiffany & Co., for starters ...


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69 COMMENTS

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Previous 15 Comments | 1 | 2 | 3 | 4 | 5
61.

Vera    

I loved her better when she looked like a black woman with a little meat on her bones, then she started trying to look white and got too thin, like she was Cher or something.

1443 days ago
62.

beau     

Is she on drugs? The national Enquirer will find out.

1443 days ago
63.

Big Mamma Cornbread    

Just because you make a Million Dollars does not mean that you can run out and buy a Mansion and a BMW...this will make you broke in the long run....make a million buy a motel from the auction and have your relatives/ children working until you can afford to buy a house...IRS is not a joke..the revenue from the motel will be your income ..not the lousy million you made back in 1998...Buy a motel at a time...not a huge fancy hotel..regular in the neighborhood motel..this will pay for itself..but the Mansion derives not a dime...

1443 days ago
64.

Joel, JAMAICA    

This is sad, I Love Toni Braxton.. this will soon pass.. Love her new album too #PULSE

1443 days ago
65.

Maria not Nicky    

I remember years ago, every time I went over some black acquaintances, they had expensive cars, fancy clothes, beautiful house but could not afford to eat, sat on boxes, floor etc.
Now Braxton is no different than the fool acquaintances I have known. She is talented artist but she has no
talent in being a true down to earth person ho has some common sense and not to live beyond her means.
My suggestions to you Miss Braxton:
1. Shop at Walmart, get a fashion line for women and children with your name along with that to make some money to pay debts.
2.Cook your own food like beans, rice and potatoes, salad is cheap, stop all the high living.
3. Sell all you real estate and get a two bedroom townhouse or a humble middle class home.
4.When you go traveling get rid of the minions who follow you for money and suck you dry, then stay at the Youth Hostels to save money and make new friends and better fan relations, maybe you can get paid for being a representative for "Youth Hostel International" "A nicer place for a budget conscious celebrities.
Get with the program Miss Braxton and stash for retirement, you do not want to have a nanny./caretaker like Nicky handling your affairs because you spent every dime, get with a Spenders Anonymous

1443 days ago
66.

Cynthia B    

What's with all the name calling? You people don't know this woman from a can of paint. Most of you got more skeletons than her in your own closets. Stupid-ass righteous son-of-b&^%$$. Half of you cacasians probably don't even know who she is, just have to comment because she's Black.

1441 days ago
67.

Ato deGraaf-Johnson    

I'm personally inviting Toni to Ghana. I'll teach her how to need less, live with less and have a really good time. Let her know, good people, there are ways to demonetize your existence and find meaning! Her voice is her gift and not the things she ac***ulates or takes pride in. Besides, her health-problem is not incurable and the tropical climate and people might offer her an alternative. One more thing, I have over 20 hours of music we could work on together. She could get back to work without fuss!

1390 days ago
68.

Tina    

How can she have a preexisting undisclosed medical condition when she's been an American Heart Association spokesperson?

1353 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5

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