Rihanna blames accountant for bankruptcy


Los Angeles, Feb 13 (IANS): Singer Rihanna claims that her accountant made so many wrong decisions that he blew her fortune and she was "effectively bankrupt" by the end of 2009.

Tmz.com reports that the singer claims in new legal documents that she had $11 million in cash at the beginning of 2009. Rihanna was horrified to learn at the end of the year that she had $2 million left.

To make matters worse, her expenses doubled, which left her on a financial cliff.

As for how Rihanna blew through $9 million in one year, she says her accountant gave her the green light to buy a house priced between $7 and $7 1/2 million. So she took his advice. She ultimately sold the house for a $2 million loss.

She also claims her 2009 tour - Last Girl on Earth Tour - was losing money but the accountant never gave her the heads up.

The legal docs were filed in connection with a lawsuit Rihanna filed against her accountant, claiming gross mismanagement.

Meanwhile Rihanna has rebounded and her net worth is now estimated at $43 million.

  

Top Stories


Leave a Comment

Title: Rihanna blames accountant for bankruptcy



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.