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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

No Avatar
46.

englishpetal    

How can she blame her accountant for making her bankrupt? If the accountant had been skimming off the books and took her money understand but she was spending and living beyond her means! Its her accountant who keeps what she is spending not a damn bank manager or financial advisor who tells her if she should or not. Celeb at their finest all the actions no regards for consequences and always someone else fault!

170 days ago
47.

marco    

Bankruptcy is the same as welfare. Its warfare for the Rich. The government helps and THEY are a bigger burden than the poor.

170 days ago
48.

Brit    

Sounds like 1% ppl problems...feel so sorry for her.

170 days ago
49.

Abbyth    

"she was horrified to learn at the end of the year she had $2 million left."

She's slutty, disgusting and she has no talent, $2 million is way too much for what she's doing.

170 days ago
50.

ladiiva    

her net-worth is over 90mil as of 2013, stupid TMZ

170 days ago
51.

Faunmax    

Stop drinking and doing drugs Rhi Rhi and balance your own accounts. You'll always know what you have that way.

170 days ago
52.

Jay    

Rich people always blame the accountant and not who who they should blame which is themselves. Maybe she should cut down on the lavish lifestyle and all that weed she smokes. Give me a break.

170 days ago
53.

Jamey Hunter    

Blame the accountant--the most overused excuse to justify your own bad behavior and excessive spending.

170 days ago
54.

Sheldon Siegel    

That's what happens when you give someone else full control of any aspect of your life.
It's fine to hire them to do most of the work, but check in once in a while. If you can't stop partying long enough to check on your business, you deserve to lose it.

170 days ago
55.

mikeylondon87    

Maybe she can hit up Beyoncé for a loan.

170 days ago
56.

BigSamStewart    

Even the famous blacks have bad credit.

170 days ago
57.

Vote2012    

Notice how they always blame it on others, they take no responsibility for anything, kind of like Obama.

170 days ago
58.

TW    

Cool story bro

170 days ago
59.

ALL_HAIL_RIHANNA    

Shame on rihannas accountant for not doing his job correctly! Rihanna is a beautiful, talented and hard working woman. She is perfect in every way and deserves better than a lazy 'accountant ' that cant even do his job! But don't worry... rihanna always comes out on top!

170 days ago
60.

bmsvds    

Good doobie can cost a lot of money.

170 days ago
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