With tax season in full effect, the finances of your favorite celebs are out in the open: Rihanna’s finances are the latest in the news…
According to TMZ, legal documents have surfaced stating the pop starlet was "effectively bankrupt" in 2009, due to the financial mishandling of a previous accountant, supposedly the same accounting company hired on to manage her finances when she first broke on the scene in 2005. The documents claim she pocketed a net amount of $11 million at the beginning of 2009, but by 2010 cash flow trickled to a drip with only $2 million, a difference of $9 million. All of this on top of the fact that her accountant didn’t tell her that her expenses doubled.
Rihanna claims in the legal docs that her accountant gave the OK for her to buy a house for approximately $7 million, which she eventually sold for $2 million less than what she paid. She also alleges her financial advisor never told her that her 2009 "Last Girl on Earth" tour was actually losing money.
Rihanna has since hired new accountants, and also has the last laugh; she’s bounced back as a $90 million dollar lady now!
