Rihanna says she was “effectively bankrupt” by the end of 2009, according to TMZ. Rihanna has filed a gross mismanagement lawsuit against her former accountant, who, she says, made decisions to negatively impact her finances at the time.
New legal documents indicate that Rihanna had $11 million at the start of 2009. Her accountant made decisions that left her with $2 million by year’s end, she says. Some of those decisions are mentioned in TMZ’s report.
According to the report, for instance, her accountant approved her buying a new home, which she later sold for a $2 million loss. Her 2009 tour, Last Girl On Earth Tour, was also losing money at the time, but Rihanna says that her accountant did not notify her of the losses.
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Despite the 2009 struggles, Rihanna’s financial status has improved since 2010. In 2012, Rihanna made Forbes’ list of the year’s highest paid musicians. She ranked #12 that year with $53 million. That same year, Rihanna also made the publication’s 30 under 30 list. The singer’s net worth is now estimated at $43 million.
