Rihanna ‘blames bad accountant for losing her millions and making her effectively bankrupt’

Feb 12, 2014 - 10:53
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Rihanna ‘blames bad accountant for losing her millions and making her effectively bankrupt’
RiRi: I was 'effectively bankrupt'

Rihanna has apparently revealed how she was left ‘effectively bankrupt’ after spending nearly $11.6million in just under a year.

Celebrity website TMZ claims new legal documents show the 25-year-old claiming that by the end of 2009 she was down to her last million in cash thanks to her accountant’s poor decision-making over her fortune.

To make matters worse for the What Now singer, she reportedly also claims her expenses ‘doubled’, leaving her on the brink of financial ruin.

In documents apparently filed in her 2012 gross mismanagement case against the accountancy firm, Berdon LLP, RiRi alleges she was given the go-ahead to purchase a house priced between £4million and £4.5million but later sold it for a $3.3million loss.

Rihanna also apparently claims in the lawsuit that her 2009 Last Girl on Earth tour was losing money, but she said her accountant never waed her to watch her spending.

Rihanna 'blames bad accountant for losing her millions and making her effectively bankrupt'

Rihanna’s 2009 Last Girl on Earth tour was reportedly losing her money (Picture: AP)

Berdon previously claimed Rihanna’s own ‘financial action or inaction’, or those of people working for her, caused her to lose money – not its decision-making.

It also dismissed the star’s previous objection she paid an ‘above-average’ commission of 22 per cent as something she had signed off herself.

Luckily for the singer she has picked herself back up and is now said to be worth around $43million.

Meanwhile, RiRi has pushed her legal battle to the back of her mind to enjoy a date night with her mother, Monica Braithwaite.

The Pour It Up hitmaker covered up in a white fluffy coat to dine at the Giorgio Baldo restaurant in Santa Monica, LA, on Tuesday.

She is also said to be working hard on her eighth studio album alongside producers David Guetta and Nicky Romero.

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Mike Gallagher Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.