A lot of people assume that when a singer becomes famous, he or she must be really raking in the dough and living the life, but that isn’t always the case. We have six singers who have signed some pretty bad recording contracts, which have cost them a pretty penny:
6. Toni Braxton
Despite $170 million in worldwide sales and a pair of Grammy Awards for best new artist and best female R&B vocal performance, Toni Braxton only got a $1,972 royalty check for her first recording contract. It turns out that she was responsible for paying the record label back for clothes, travel, studio time and music video expenses. “What happens is they give you advancement on the next record and then the next record,” Toni said. “So you kind of stay in debt, in a sense.” She ended up filing for bankruptcy and suspended her studio work until she was able to renegotiate her contract in 1999.