Last Updated 15 | 02 | 2014 at 14:29

Lifestyle

Rihanna; 'Effectively Bankrupt' in 2009

Article By:
di-ve.com news
editorial@di-ve.com

She's a fan of throwing cash around in music videos but Rihanna was reportedly down to her last 'measly' million in 2009.

They claim Ri-Ri has reportedly filed new legal documents stating that she had $11 million in cash at the beginning of 2009, but that due to poor handling of her finances, she was left with only $2 million (£1 million) by the end of the year.

The accountant allegedly failed to inform the singer that her 2009 Last Girl on Earth tour was losing money and then irresponsibly okayed her request to purchase a house that cost $7 to 7.5 million.

In 2012, Rihanna filed a lawsuit against her former accounting firm for its alleged mismanagement of her finances; this latest letter is said to have been filed in connection to that suit.

However, accountancy firm Berdon LLP fought back, claiming any accusations of money mismanagement are false and that the unusual 22% commission they took was signed off by the Bajan singer.

Don't worry, Rihanna's bank balance is once again shining brightly now...

Forbes estimates the 25-year-old made $43 million in 2013 alone.

Please sign in or register to post comments.