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Wednesday 12 February 2014
Rihanna Admits bankruptcy
Back in 2012 Rihanna filed a lawsuit against her accountants claiming they defrauded her out of millions of dollars
In her suit Rihanna admits by the end of 2009 she was practically broke...
According to the court documents dug up by TMZ Rihanna claims she was worth $11 million at the beginning of 2009 and only worth $2 million by the end of the year, meanwhile her expenses had doubled.
Rihanna claims her accountants advised her she could purchase a house between $7 and $7 1/2 million even though her Last Girl on Earth Tour was losing money. She later ended up selling the house at a $2 million loss.
Rihanna's current worth is estimated at $43 million.
Fun Fact: Back in 2008 an open letter claiming to have been leaked by Rihanna's former accountant claimed the pop star was down to her last $20,000 because her manager was using all her outside endorsement money to fund her music career without her knowledge
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