An accountant mismanaged Rihanna's money so badly that she was "effectively bankrupt," TMZ reports.
The "What Now" singer is suing New York-based firm Burden LLC for mishandling her money. In new legal documents, Rih Rih claims that she was nearly broke.
Although she's worth upwards of $40 million today, back in 2009 she was down to her last $2 million, and didn't know. According to the latest paperwork, she made $11 million in cash in 2009, and blew through more than half of her earnings because of her accountant's bad business advice.
A good portion of the money went to a more than $7 million mansion, which she ended up selling for $2 million less than she paid.
She also claims her expenses also doubled that year, and that her Last Girl on Earth tour was losing money, yet the accountant neither informed her, nor advised that she curb the spending.
The 25-year-old singer, born Robyn Rihanna Fenty, filed the initial lawsuit in 2012. It is unclear as of press time if the company has filed a legal rebuttal to her most recent claims.
An accountant mismanaged Rihanna's money so badly that she was "effectively bankrupt," TMZ reports.
The "What Now" singer is suing New York-based firm Burden LLC for mishandling her money. In new legal documents, Rih Rih claims that she was nearly broke.
Although she's worth upwards of $40 million today, back in 2009 she was down to her last $2 million, and didn't know. According to the latest paperwork, she made $11 million in cash in 2009, and blew through more than half of her earnings because of her accountant's bad business advice.
A good portion of the money went to a more than $7 million mansion, which she ended up selling for $2 million less than she paid.
She also claims her expenses also doubled that year, and that her Last Girl on Earth tour was losing money, yet the accountant neither informed her, nor advised that she curb the spending.
The 25-year-old singer, born Robyn Rihanna Fenty, filed the initial lawsuit in 2012. It is unclear as of press time if the company has filed a legal rebuttal to her most recent claims.