Due to overspending and 'bad investments,' T-Pain went from having $40 million in the bank to having nothing to his name. He said, 'I, like, had to borrow money to get my kids Burger King.'
He also said,"I think I had — I don't know, $400 or $800 left in my bank account — and was my last audition before I went home for a little while to make some money and recuperate."With her first recording contract, Toni Braxton made her label $170 million in album sales, but she was only paid $1,972 in royalties, which contributed to her first bankruptcy. She told
,"What happens is they give you advancement [that you have to pay back] on the next record and then the next record. So, you kind of stay in debt, in a sense."After a career resurgence in 2000, then a trio of poorly performing albums, she self-financed a revue show in Las Vegas. However, after being diagnosed with microvascular angina and lupus, she had to cancel. This led to her second bankruptcy.
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