shot-button
Subscription Subscription
Home > Entertainment News > Hollywood News > Article > I went bankrupt in 2009 Rihanna

I went bankrupt in 2009: Rihanna

Updated on: 13 February,2014 08:27 AM IST  | 
PTI |

R&B star Rihanna claims bad financial decisions from her accountants caused her to be 'effectively bankrupt' in 2009

I went bankrupt in 2009: Rihanna

Rihanna

Los Angeles: R&B star Rihanna claims bad financial decisions from her accountants caused her to be 'effectively bankrupt' in 2009.


Rihanna
Rihanna


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.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK