Carlos Argüelles (Carlos Gardel) is the son of a wealthy man whose only interest in life is making money and business. But he wants to be an artist and one day, trying to success in show business as a singer, he meets Margarita (Rosita Moreno), a dancer, and they fall in love. But his father wants him to marry a rich girl, so they part and he marries Margarita. But success is hard to reach and when Margarita gets ill and he can't get any money to live he, desperate, tries to steal his father's safe box. It is too late anyway and when he returns home, Margarita is dead. He takes their daughter Marga and go to Europe, where he obtains a big success first alone and later with Marga dancing like her mother did. They go to Hollywood to make pictures and there he receives a telegram saying his father has died and has left him all his fortune. So they come back to Buenos Aires.