If there is anything Rihanna doesn’t have to worry about today, it’s money; but she claims that wasn’t the case in 2009 after her accountants allegedly grossly mismanaged her money.
At the beginning of 2009, Rihanna had $11 million to her name and by the end of the same year that amount plummeted to $2 million, forcing the star to go “effectively bankrupt,” according to legal documents.
It’s the same reason she decided to sue her accountants in 2012, documents say.
According to the documents that were recently obtained by TMZ, Rihanna had no idea she was losing money until it was too late.
Her Last Girl on Earth Tour was operating at a loss but her accountants allegedly never made her aware of this– giving the “Diamonds” songstress the impression that she was pulling in major profits throughout the entire tour.
The documents also accuse the accountants of not telling Rihanna that her expenses had doubled that year and for approving her decision to purchase an extremely expensive house.
Under the impression that she was making enough to afford a new lavish home, the Bajan beauty purchased a home priced more than $7 million.Her accountants allegedly told her she would be fine and that the price was fair.
After the pop singer realized this wasn’t true, it was too late to fix the mess. Rihanna was forced to sell the home for a whopping $2 million loss.
Instead they say Rihanna was the one making poor decisions with her money and she foolishly spent all her money that year.
It’s also been noted that the 22% commission that her accountants took was well over the average cost for a celebrity accountant.
Those money troubles are seemingly a thing of the past now, however, as RiRi is currently worth more than $43 million and is one of today’s highest paid celebrities younger than 30.