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Introduction
Towanda Braxton, reality TV star and member of the famous Braxton family, has an estimated net worth of $100,000 as of 2024. This figure represents a remarkable financial recovery following her Chapter 7 bankruptcy filing in 2019, when she faced severe insolvency with liabilities exceeding $547,000. Her current wealth stems from reality television appearances, acting roles, and her skincare business venture.
Current Net Worth (2024)
Towanda Braxton’s net worth is consistently estimated at $100,000 in 2024, according to Celebrity Net Worth as cited by AfroTech. This represents a significant positive shift from her negative net worth during her 2019 bankruptcy proceedings.
Key financial highlights:
- Current net worth: $100,000 (2024)
- Previous status: Severe insolvency (2019)
- Recovery timeframe: Approximately 5 years
- Primary recovery method: Chapter 7 bankruptcy discharge
The transition from overwhelming debt to positive net worth demonstrates successful financial rehabilitation through legal debt discharge and diversified income generation.
Primary Income Sources
Towanda Braxton generates income through multiple revenue streams:
Reality Television
- “Braxton Family Values” on WE tv (ongoing)
- “The Braxtons” Season 2 premiering Fall 2025
- Consistent platform for public visibility and income
Acting Career
Recent film appearances (2021-2024):
- “Hood Riches” (2024)
- “Indecent Choices” (2023)
- “Wide Open: The Andre Rison Story” (2023)
- “How to Snatch a Bachelor” (2023)
- “Sisters and the Shrink” series (multiple installments)
Career Coaching
- Additional professional service offering
- Specific financial contribution details not extensively documented
Business Ventures and Investments
Ladybug Skincare
- Launch date: May 2020
- Product focus: Age-defying, all-natural skincare products
- Target market: All skin types
- Business partner: Charlotte Wilson of Glow Skin Enhancement
- Sales platform: Exclusively available at ladybugskincare.com
- Marketing initiatives: Targeted campaigns including “Sorority Sale” with 10% discount for Divine Nine members
T. Braxton Beauty Company
- Original beauty business listed as sole income source during 2019 bankruptcy
- Monthly income: $4,692 at time of filing
- Evolved into or rebranded as Ladybug Skincare
The 2019 Bankruptcy Filing: Detailed Financial Snapshot
Towanda Braxton filed for Chapter 7 bankruptcy protection in April or June 2019, approximately one year after purchasing her Georgia home.
Assets at Time of Bankruptcy Filing (2019)
| Asset Category | Value |
|---|---|
| Georgia Home | $275,000 |
| Household Goods | $1,500 |
| Clothing | $1,000 |
| Checking Account | $150 |
| Savings Account | $0 |
| Total Assets | $277,650 |
Liabilities at Time of Bankruptcy Filing (2019)
| Liability Category | Amount |
|---|---|
| Mortgage Company | $417,715 |
| Former Landlord | $76,000 |
| Sister Tamar (Personal Loan) | $35,000 |
| Covenant Christian Academy | $8,480 |
| Medical Bills | $6,211.30 |
| Collection Attorneys | Over $1,000 |
| Comcast | $982 |
| Various Other Debts | (Not specified) |
| Total Liabilities | $547,056.39 |
Monthly Financial Position (2019)
- Monthly income: $4,692
- Monthly expenses: $6,020
- Monthly deficit: Over $1,000
The severely underwater mortgage (debt of $417,715 against a $275,000 property value) was the primary driver of insolvency, along with substantial debts to a former landlord and family member.
Net Worth Growth Over Time
Towanda’s financial trajectory shows dramatic changes:
2019: Severe Insolvency
- Net worth: Negative (liabilities exceeded assets by $269,406.39)
- Filed Chapter 7 bankruptcy
- Facing potential home foreclosure
2020-2024: Recovery Period
- Debt discharge through bankruptcy proceedings
- Launch of Ladybug Skincare business
- Expanded acting career
- Continued reality TV presence
2024: Positive Net Worth
- Current estimated net worth: $100,000
- Successful financial rehabilitation
- Diversified income streams established
Financial Context Within the Braxton Family
Towanda’s financial standing within her famous family provides important context:
Braxton Sisters’ Estimated Net Worth (2024)
| Sister | Estimated Net Worth (2024) |
|---|---|
| Tamar Braxton | $13 million |
| Toni Braxton | $12 million |
| Trina Braxton | $1.5 million |
| Traci Braxton | $800,000 (prior to death) |
| Towanda Braxton | $100,000 |
Family Financial Interdependence
- Toni Braxton has historically supported family members financially
- Tamar Braxton provided $35,000 personal loan to Towanda (discharged in bankruptcy)
- Family financial arrangements created complex debt relationships
Assets and Properties
Real Estate
- Georgia Home (2018-2019): Purchased for approximately $275,000
- Mortgage status: Severely underwater with $417,715 debt
- Likely outcome: Lost to foreclosure during bankruptcy proceedings
Current Assets
Specific details about current assets beyond the $100,000 net worth figure are not publicly documented, reflecting the typical privacy around post-bankruptcy financial rebuilding.
Career Earnings Timeline
Pre-2019: Financial Decline
- Operating T. Braxton Beauty Company
- Reality TV earnings
- Monthly business income: $4,692
- Unsustainable expense structure leading to bankruptcy
2019: Bankruptcy Year
- Chapter 7 filing in April/June
- Debt discharge process initiated
- Financial reset achieved
2020-2024: Recovery Phase
- Ladybug Skincare launch (May 2020)
- Expanded acting career with multiple film roles
- Continued reality TV presence
- Diversified income approach
Future Financial Outlook
Several factors suggest continued financial stability and potential growth:
Ongoing Income Sources
- Reality TV: “The Braxtons” Season 2 confirmed for Fall 2025
- Acting: Active career with recent 2024 film appearance
- Business: Established skincare line with professional partnerships
- Public engagement: Openness about personal challenges may create endorsement opportunities
Strategic Positioning
- Diversified income streams reduce financial risk
- Professional business partnerships provide stability
- Active career development demonstrates proactive wealth management
Conclusion
Towanda Braxton’s financial journey from severe insolvency to a $100,000 net worth represents a successful bankruptcy recovery story. While her current wealth remains modest compared to her more financially successful sisters, her strategic approach to income diversification through reality television, acting, and entrepreneurship demonstrates effective financial rehabilitation.
The Chapter 7 bankruptcy filing in 2019 provided the necessary legal framework to discharge overwhelming debts totaling over $547,000. Her subsequent focus on building multiple income streams—including the successful launch of Ladybug Skincare and an active acting career—has enabled her transition from negative net worth to positive financial standing.
With confirmed ongoing projects like “The Braxtons” Season 2 and continued business development, Towanda Braxton appears positioned for sustained financial stability and potential growth in the coming years.
