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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.

0212_rihanna_through_years_footer

196 COMMENTS

No Avatar
76.

boo boo    

Also, the chacha has the WORST tattoos I have ever seen. How much did THOSE cost? Yuk!

220 days ago
77.

Sargio    

Effectively bankrupt with 2mil. I guess I am seriously fudged then.

220 days ago
78.

riridoll    

Jay Z is her manager. You know Beyonce is behind all of this. :D

220 days ago
79.

Don    

Its always somebody else's fault.
I'll bet you she is on a similar path now, for she's becoming
"Who is that?
Might want to try porn Poopsie,

Yeah, you've shared your goodies with everybody s eyes, so why not make a buck off it.

It doesn't require much talent to show the goodies, but if you're good good at showing the goodies....
Oh well, just a suggestion on a career path update

220 days ago
80.

LightJ    

See, thats the problem with these idiotic "stars"; They just blow through their f*ckin money thinking it will always be there. Just because you have millions, which is a lot of money, doesn't mean it will last if you are going to spend spend spend. Specially on expensive sh*t. Stop depending on other people to keep track of your over spending and check your accounts yourself and watch what you blow your money on. Uhg!

220 days ago
81.

Lady Unique    

But those stans swear she's worth $90 million... No that's just her net worth y'all idiots I told you she's only worth about 40 million but do they listen.... Ctfu Thank God for my accountant 1 &2 class... I know better!! Lol

220 days ago
82.

indaknow    

I can't believe the size of this skank's forehead. Rihanna, Tom Brady, and Payton manning ought to get together and go bowling.

220 days ago
83.

PhoenixFuller    

"Rihanna has rebounded nicely.  Her net worth is now estimated at $43 mil." Sounds like she handled the issue much better than most of her celebrity peers. And she never filed for bankruptcy.

220 days ago
84.

William Foresman    

don't let other people have so much control over your money, honey

220 days ago
85.

jef    

Keep blamin the white man douchbag

220 days ago
86.

MJR    

She might not had've went bankrupt if her dumb ass wasn't so DRUNK all the time

220 days ago
87.

Raarrr    

Why do celebs need accountants??? are they too stupid to manage their own money?

220 days ago
88.

Rocko    

Typical - Just place the blame on someone else…

220 days ago
89.

MJR    

I don't understand how celebrities put someone ELSE in charge of handling & keeping track of THEIR OWN money. If I had money like that I would be THE ONLY ONE who stays on top of & keeps track of EVERY DIME of MY money. You see what happens when you hire muthaphuckaz to "count" & "keep track" of your money, sh*t gets missing & it gets crazy. With YOUR money. Rihanna recovered from the "bankrupt" situation & she makes millions but she didn't even know how she winded up bankrupt or what happened with her own money. That's fk'in' ridiculous.

220 days ago
90.

Yurra Knutz    

...If you wanna go and get high wit me
Smoke a L in the back of the Benz-y
Oh why must I feel this way?

Hey, must be the accountant!...

220 days ago
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