Rihanna’s estimated worth may be a whopping $43 million, but things were not always smooth sailing for the star. Recent documents reveal she was on the verge of bankruptcy in 2009.
Photo credit: Guillermo Proano/WENN.com
Rihanna may be one of the most successful pop stars of this generation, however, recent documents have revealed that all her hard work and well-deserved cash were almost depleted just a few years ago.
According to TMZ, RiRi’s former accounting firm Berdon LLP made some bad decisions, and because of its mismanagement, she almost blew through her entire fortune by the end of 2009.
The “Stay” hit maker allegedly claims she had a whopping $11 million in cash at the beginning of 2009. But because her accountant was so incompetent, her finances swiftly decreased, leaving the pop star with just $2 million at the end of the year.
There’s no doubt that blowing through such a massive wad of cash in such a short time frame came as a shock to the Barbadian beauty. However, to make her situation even worse, her expenses at the end of the year had significantly increased, which left her in a serious financial mess.
So how did the “Diamonds” songstress manage to blow through more than $9 million in one year? Well, apparently, her accountant told her everything was in order, so she decided to buy a swanky mansion, which sadly she was forced to sell at a loss.
The 25-year-old songstress had already enjoyed immense success in 2009 with some of her hit tracks, including “Umbrella” and “Take a Bow,” but apparently her 2009 Last Girl on Earth Tour was not doing as well as she expected. In fact, it was losing money, but her accounting firm failed to relay the news!
Rihanna’s financial headache may now be a thing of the past and her estimated worth is pretty impressive, but her former accounting firm’s headache is only just getting started — it has been hit with a lawsuit for gross mismanagement.
However, the ex-accountants are not about to take the blame for Rihanna’s mess. According to TMZ, the firm insists she has only herself to blame for her messy financial situation and it doesn’t want her to get a dime from it.
We will have to wait and see what the outcome of this decision is once the judge has made a ruling.