I went bankrupt in 2009: Rihanna
R&B star Rihanna claims bad financial decisions from her accountants caused her to be 'effectively bankrupt' in 2009
Los Angeles: R&B star Rihanna claims bad financial decisions from her accountants caused her to be 'effectively bankrupt' in 2009.
The 'Only Girl in the World' hitmaker blamed her accountants for her fortune dwindling away from USD 11 million at the beginning of the year to USD 2 million several months later, reported TMZ According to the documents filed in her gross mismanagement case against the accountancy firm, Berdon LLP, Rihanna said they gave her the go-ahead to buy a house priced between USD 7 and USD 7.5 million, which she did and later sold for at USD 2 million loss.
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 had 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.