Pop star Rihanna is worth millions, but back in 2009, the “Diamonds” blew millions. Her spending caused her to be “effectively bankrupt” by the end of 2009. In a report by TMZ on Feb. 12, Rihanna says her ex-accountant was the reason she blew so much of her money.
At a young age, Rihanna turned to her ex-accountant for financial advice and she claims his decisions and advice had a negative influence on her financially. According to the singer, she had $11 Million in cash at the beginning of 2009 and because her accountant gave her the green light to buy a $7 million house, she ended up with just $2 million at the end of 2009, which wasn’t enough to cover her expenses.
Rihanna has filed legal docs against her accountant in which she also claims that he didn’t inform her that she was losing money while she was on her “Last Girl on Earth” tour. Rihanna has claimed gross mismanagement in her lawsuit.
The accountant firms, Berdon LLP is not staying quiet. They fired back at Rihanna claiming that it was the pop star’s own “financial action” that led her to losing millions.
In 2014, Rihanna is now worth $43 million, so needless to say she has rebounded and has definitely learned from her 2009 mistakes, both spending wise and trusting others with her money.