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.
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.