T-Boz is a famous name, especially in the music industry. T-Boz garnered public attention when she was part of the TLC girls’ group. The group was so famous in the 90s because of its numerous hit albums and songs.
TLC made a name for itself for selling millions of copies of albums but this did not mean its members lived well. As we will see later in this post, TLC faced financial struggles, forcing the members to file for Chapter 11 bankruptcy. After this sad moment, TLC would go on to experience more struggles financially, filing for bankruptcy a second time in 2011. So, did T-Boz’s financial struggles get better? Learn more in this guide.
T-Boz Earnings in TLC
T-Boz was lucky to be part of the music group TLC, which was one of the highest-grossing music groups of its time. Unfortunately, in 1995, TLC members including T-Boz filed for bankruptcy. The news was shocking and no one would believe that one of the highest-grossing music groups had debts without any money.
T-Boz and her band members later revealed that despite the group making millions of money from their songs, they earned just $50,000 annual earnings. T-Boz and her partners further revealed that they had to cater for their flights, clothing, hotels, and many other expenses even when they were on tours.
The more they toured, the more the ladies were forced to pay out of their pockets. This explains how they declared debts of around $3.5 million filing for Chapter 11 bankruptcy. The point made no sense at all considering that immediately before this, the group had sold over 14 million copies worldwide of their most recent album.
The ladies revealed that their managers and production companies were bagging in most of the income from music proceeds, which is why they had no money to cater to their needs.
What is T-Boz’s Net Worth
T-Boz’s net worth is $3 million according to Celebrity Net Worth. The singer and actress has been able to turn the tables around, despite filing for personal bankruptcy in 2011. In that year, the singer revealed that she had a debt of around $1 million. She went on to reveal that she earned around $12,000 per month, out of which $1,200 came from royalties. The singer also revealed that her monthly expenses were $9,000 per month and was paying a mortgage of $768,000 on a $1.2 million property.
The actress learned the hard way about her finances, but she has turned that situation around. When asked about her financial lessons, the singer revealed that she realized everyone had an agenda, including lawyers and accountants. She advised others to watch their back from every corner.
Music Career
T-Boz’s music career began with TLC, a music group that was famous in the 90s. After the band was disbanded, she went on to start a solo career. Her first single came out in 1996, and she has continued to focus on her career.
Apart from singing, Watkins is also into Television and film, ventures which have contributed positively to her net worth.
