What's NEW on Zando?

Shop our latest arrivals for shoes & apparel now!

Rihanna sues over money woes

Comment on this story


iol pic feb 12 rihanna 2009

AP/Matt Sayles

Rihanna arrives at the Clive Davis pre-Grammy party in Beverly Hills, California on February 7, 2009.

London - Rihanna claims she was "effectively bankrupt" in 2009.

The 'Only Girl in the World' hitmaker blames her accountants' poor decision making for her fortune dwindling away from $11 million in cash at the beginning of the year to $2 million several months later.

In documents filed in her gross mismanagement case against the accountancy firm, Berdon LLP, Rihanna claims they gave her the go-ahead to buy a house priced between $7 and $7.5 million, which she did - and later sold for a $2 million loss.

To further add to her financial woes that year, the singer's expenses "doubled", TMZ reports.

In the lawsuit, Rihanna also claimed her 2009 'Last Girl on Earth' tour was losing money but she was never warned of this by the accountants.

Berdon previously claimed Rihanna's own "financial action or inaction" or those of people working for her caused her to lose money, not their decision-making.

They also dismissed the 'Diamonds' star's previous objection she paid an "above-average" commission of 22 percent as something she had signed off on herself.

The 25-year-old star is now worth an estimated $43 million. - Bang Showbiz

To sign up for our Tonight newsletter click here

To vote on our Tonight poll click here


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks