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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
91.

Brian    

This is what happens when dumb people make a lot of money. Did she even hire a real accountant or was it just some friend?

253 days ago
92.

Lil Wayne     

She's actually worth $90 Million, but who's counting.

253 days ago
93.

Moodyt    

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

253 days ago
94.

sweetpea    

This what i,m been saying riri used chris in 209 so she can get out of debt frame hoeing bitch .what people will do for money

253 days ago
95.

Panther    

She has recovered quite nicely.

253 days ago
96.

Rick    

You know how much money you have. Common sence says you can't spend more than you have. Sounds like there is more than one stupid person involved here.

253 days ago
97.

Real n the field    

and we all know her account is: Jewish!
all the athletics and singers gets there money
handled, or for a better word "taken" by them

253 days ago
98.

cluesarethere    

Really?.... She had to be told her tour was losing money!?! All she had to look out into the audience (or lack of audience in this case) to know the tour was a big fail.

253 days ago
99.

Susan Hudak Scherer    

The Owl is a symbol used by the Illuminati !!!

253 days ago
100.

Pablo Escabar    

I still dont get the fascination with this broad. She doesn't sing very well and ive seen prettier girls. Maybe its because she can take a punch?!

253 days ago
101.

Craig T.    

Who gives a rat's ass...maybe it was the monster's under her bed....

253 days ago
102.

Craig T.    

Who gives a rat's ass...maybe the misguidance was the monster under the bed?

253 days ago
103.

poolo    

you see how they put in fine print that this was 5 years ago and she rebound nicely and is currently worth over 43 million.... but the way the article is written it implies that she is broke lol smh...

253 days ago
104.

poolo    

its interesting how put in fine print at the bottom that she is currently worth over 43 million not to mention all the money she made of endorsments a sold out tour and album sales last year.... smh

253 days ago
105.

monique    

rihanna, if you're calling your accountant stupid what does that make you? you're the one who hired him to account for you in the first place.

253 days ago
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