Wayne Newton, once a Vegas icon, now faces financial turmoil. Despite his legendary status in the entertainment world, the singer has struggled with money management throughout his career. From failed business ventures to ties with organized crime, Wayne’s financial woes have only worsened over time.
Despite his early success as a singer and multi-instrumentalist, Wayne’s lack of interest in the business side of his endeavors led to poor financial decisions. His attempts to expand into other ventures, like owning The Aladdin Hotel in Las Vegas, only exacerbated his financial troubles.
Wayne’s ties to organized crime came to light, causing further damage to his reputation and finances. Lawsuits and bankruptcy filings followed, leaving the once-prominent performer in dire straits.
Today, Wayne Newton’s financial difficulties persist, serving as a cautionary tale of the perils of fame and financial mismanagement.
Toni Braxton filed for bankruptcy twice.
The “Unbreak My Heart” singer opened up about her financial troubles in a 2012 interview with ABC’s “20/20.”
She said that in 1998, she had to file for bankruptcy due to her recording contract paying her poorly — she said she received less than $2,000 in royalties — as well as costly spending habits. Then in 2008, she had to cancel a Las Vegas revue due to ongoing health issues which forced her to again file for bankruptcy.
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Braxton has since starred on her own reality TV show, WE TV’s “Braxton Family Values,” and on other made-for-TV movies.
She also announced a 2019 “As Long As I Live” tour in support of her latest album “Sex & Cigarettes.”
