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Saturday 15 February 2014

In 2009, I Made $11m But Ended Up Almost Bankrupt – Rihanna

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No doubt Rihanna “can’t remember to forget” the mistakes she says her accountants made which resulted in the Unapologetic singer nearing bankruptcy in 2009.
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She might be singing “All I see is signs / All I see is dollar signs” now — but in her gross mismanagement lawsuit against accounting firm Berdon LLP, she says she found herself “effectively bankrupt” four years ago.In legal documents obtained by TMZ, RiRi claims she had $11 million at the beginning of 2009 and only $2 million by the end of the year — and that she saw her expenses double.How did she drop all those dolla bills? She says that her accountants gave her the go-ahead to sink $7 million into a Beverly Hills house she ended up selling at a $2.4 million loss two years later.She also claims that her accountant never told her that her Last Girl on Earth tour was losing money.Finally, Rihanna alleges that the firm’s commission was a staggering 22 percent. Berdon, for its part, says that she signed off on the commission.These days, however, the Barbadian pop star is riding high. Her current estimated net worth of $43 million can surely buy a few “Diamonds.”

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