Singer Rihanna is known for making grand purchases, but back in 2009, Rihanna almost found herself in the middle of a bankruptcy case thanks to her ex-accountant. Rih Rih filed a lawsuit against the accountant for gross mismanagement and new legal documents reveal exactly how much money Rihanna lost due to the money manager’s terrible fiscal decisions.
Tmz.com reports that the singer claims in new legal documents that she had $11 million in cash at the beginning of 2009. Rihanna was horrified to learn at the end of the year that she had $2 million left.
To make matters worse, her expenses doubled, which left her on a financial cliff.
As for how Rihanna blew through $9 million in one year, she says her accountant gave her the green light to buy a house priced between $7 and $7 1/2 million. So she took his advice. She ultimately sold the house for a $2 million loss.
She also claims her 2009 tour – Last Girl on Earth Tour – was losing money but the accountant never gave her the heads up.
The legal docs were filed in connection with a lawsuit Rihanna filed against her accountant, claiming gross mismanagement.
Meanwhile Rihanna has rebounded and her net worth is now estimated at $43 million.