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Rihanna

I Was Bankrupt

Because of My Stupid Accountant

2/12/2014 1:00 AM PST BY TMZ STAFF
EXCLUSIVE

0211-rihanna-tmz
Rihanna
says her accountant made so many boneheaded decisions that he blew her fortune and she was "effectively bankrupt" by the end of 2009.

The singer claims in new legal docs she had $11 MILLION in cash at the beginning of 2009.  Rihanna says the accountant was not on the ball and she was horrified to learn at the end of the year 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.

BTW ... Rihanna has rebounded nicely.  Her net worth is now estimated at $43 mil.

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196 COMMENTS

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Previous 15 Comments | 4 | 5 | 6 | 7 | 8 | 9 | 10
136.

non ya business    

serves ya right you stupid slore!

163 days ago
137.

connie    

I always knew she was stupid.

163 days ago
138.

mommychavez    

only person she can be upset with is J-zay.

162 days ago
139.

andybilly111@gmail.com    

So much money for someone who Cant sing

162 days ago
140.

jag62orr    

NO!!! you didn't go bankrupt because of a dumb acct. you might have gone broke because you are dumb!!
Really?? yup!!!
Fame has gone to your head. Get your feet on the ground and smell the roses and GET RID OF ALL THOSE SO CALLED FRIENDS THAT SUCK MILLIONS OUT OF YOU BECAUSE THEY THINK THEY KNOW BEST AND JUST WANT TO PARTY!!

162 days ago
141.

Dan The Man    

Wow .... She almost went on EBT like the rest of the HO's

160 days ago
142.

Melly    

Didnt know two million dollars was being broke.

159 days ago
143.

robert    

It has to be some one else's fault of course, but when I blow my money it's my fault, wake up and smell the coffee, you blew it on your house, travels, drugs, ec.etc.

158 days ago
Previous 15 Comments | 4 | 5 | 6 | 7 | 8 | 9 | 10

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