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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
121.

Kayla Sativa    

Now how does she feel about "broke bitches"??

251 days ago
122.

booboofucu    

This is old news like 2009 old she got bank now so who cares

251 days ago
123.

booboofucu    

So I guess they have nothing else to talk about as far as rihannas life is concerned so we are talking bout somethin that happened in 2009 nd these hating azs hoes wanna comment. Cause they have nothing better to do

251 days ago
124.

Truth    

THERE'S BEEN TONS OF STORIES ABOUT RHI RHI'S FINANCIAL STUPIDITY GOING BACK TO 2008-9. THE ACCOUNTANT TELLIN HER DONT DO THIS OR THAT BUT THE LIP-SYNCING IDIOT WOULD ARGUE AND THREATEN SAYING SHE WAS GONNA DO SH*T ANYWAY AND THEM BLAME THE MGT FIRM FOR HER OWN DAMN HIGH EXPENSES. THEN FIRED THE FIRM CUZ THEY WOULDNT DO WHAT THE F*CK SHE WANTED. DUMB C*NT!! #TRUTH!!

251 days ago
125.

Chilltopia    

Rihanna is so sexy but I bet she's also fun to be around. Seems like she knows how to have a good time without giving a f uck about what you fa ggots

251 days ago
126.

Chilltopia    

Think

251 days ago
127.

awesomewave    

So her finances took a beating too?

251 days ago
128.

GRACIELA TIPPETTS    

YOU BLAME SOMEONE ELSE . YOU ARE YOUR OWN BUISNESS. YOU RUN IT!

250 days ago
129.

Moni333    

Umm mm.. Played her n left her wit a little TLC money..... Poor Rih Rih... Hope things start lookin up.. <3

250 days ago
130.

betterdaysahead    

didn't Oprah have a show YEARS ago with Toni Braxton where she coined the phrase "sign your own checks"? dont these people LOOK AT THEIR ACCOUNTS ONCE IN A WHILE?

250 days ago
131.

meema    

sad for her

www.sindbadtravels.com

250 days ago
132.

donald keith    

I'm sure she could of gone back to her old street corner.

250 days ago
133.

Ricardo Castillo    

No, your broke cause you're stupid, and a ho

250 days ago
134.

realist    

Why worry about what's in her pockets. Atleast she bounced back . Some celebs hadn't bounced back to where they've started since bankruptcy ..like Hammer, TLC & many more who were on top. It just shows how Rihanna fan base and how big she is in the industry to get as many endorsements ...all what is keeping her on top. Reminder this happened in 2009(if it did happen , who knows) , so while yall lame asses are holding onto the past, media lies than the truth...she's steady moving forward to bigger & better things.

250 days ago
135.

Lil-za    

So much for making it rain in strip clubs lol! Do they even realize how stupid they look saying this after throwing money around in complete moronic fashion?

250 days ago
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