Rihanna has claimed that she was “effectively” bankrupt in 2009, after her accountants made numerous woeful financial decisions for her.
The hugely successful Barbados-born singer has alleged that her accountants’ errors saw her $11million fortune dwindle down to just $2million several months later.
Rihanna is currently embroiled in a lawsuit with these officials, and new legal documents have insisted that she lost around $9million over 12 months. The “Umbrella” songstress also explained that her expenses doubled over this time too, which left her on the brink of financial collapse.
The files explained that Rihanna’s accountant advised her to purchase a house that was worth between $7 and $7.5million, but she then ultimately had to sell the abode for $5million.
The reportedly treacherous accountant also failed to inform Rihanna that her 2009 tour, Last Girl on Earth Tour, was actually losing money too.
The 25-year-old singer is currently in the process of suing Berdon LLP, the accounting firm that she has claimed mis-managed her. She began suing them for gross mismanagement in 2012.
Berdon LLP have argued back that all of Rihanna’s financial woes were her own fault. The company also defended the 22 percent commission that they received from Rihanna, which she has called “above-average,” stating that it was “signed off on by [Rihanna] in an engagement letter that gave them permission to do so.”
They added, Rihanna’s loss was because of her “own action or inaction,” before they then laid the blame on those who work close to her too.
However, there’s no need to worry about Rihanna, because she’s hardly on the brink of becoming a hobo. She is now worth worth around $43million, because over the last 4 years she has released four more studio albums, Rated R, Loud, Talk That Talk and Unapologetic, plus she starred in the film Battleship too.
Rihanna is currently involved in another lawsuit with Prudential California Realty, over the condition of the house that she purchased back in 2009.
The leaky Los Angeles mansion ruined a plethora of her household items, and a source told Page Six, “It doesn’t rain much in California, but when it did, it rained inside the house. Rihanna never got to move in, but she started modifying it, building a custom closet and fitting in state-of-the-art audio. She didn’t know the house would leak, and the water ruined the new sound system and grew mold on the walls and on some of her clothes.”
Rihanna filed the original suit in 2011, which read, “In or about January 2010, the property was subject to a moderate rainstorm. . . the rainwater pooled on the second-floor balcony and seeped into numerous rooms. . . numerous construction defects, which existed at the time [Rihanna] purchased the property were not made known to [her].”
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