Rihanna Bankrupt Scare Despite $90 Million Networth? 'Stay' Singer Was Nearly Broke; Lost $9 Million Back in 2009, Documents Reveal
Rihanna is known to live a luxury life, but she almost went bankrupt a few years ago.
According to a new lawsuit, released by TMZ, the Stay singer was once broke in 2009, after she took bad financial advice from her accountants. New legal documents obtained indicated that Rihanna started with $11 million at the beginning of 2009, but ended the year with $2 million.
Her financial advisors gave her the thumbs up on a $7 million home purchase, which led to her finanicial downfall. Rihanna also claimed that her 2009 hit-tour, Last Girl on Earth was actually losing money, but her accountants never notified her.
The legal documents were filed in connection with a lawsuit Rihanna claimed against her accountant.
One of the Bajan's beauty's former accountants, Patricia Williams was fired back in 2008 and told New York Post's Page Six the inside scoop on what went down.
"I don't want to disrespect Marc's name. He is a fantastic manager and genuinely believes in Rihanna. But he uses her money to fund her future projects because he believes he can break her in the world-market. Her album sales are not nearly as close to her single sales and he knows that if she is only known as a 'singles artist' she will only be as good as her last hit. Unfortunately, he didn't inform his client and I'm receiving the brunt of it," Williams said.
"After the release of Rihanna and Teairra Mari, Def Jam had intention to drop both acts because their album sales were not successful. Her manager fought to get [S.O.S (Rescue Me)] and quickly tried to negotiate with as many companies as possible."
Currently, Rihanna has a net worth of $90 million.