Bankruptcy is a b*tch and Rihanna is the latest celebrity to admit to past money problems. The pop star recently revealed that her accountant made so many mistakes with her royalties that she was “effectively bankrupt” by the end of 2009.
Just released legal documents reveal the Bajan beauty had $11 million in cash at the beginning of 2009 and discovered her accountant’s careless work when she was left with $2 million at the end of the year.
Adding insult to injury, her expenses would eventually multiply and leave her in a financial blackhole.
Why did Rihanna lose so much?:
1.) 2009′s “Last Girl on Earth Tour” lost a lot of money and no one told her. (Shady)
2.) Her accountant gave her the “okay” to purchase a 7 million dollar crib, which she eventually sold for $2 million. (Shadier)
Rihanna is currently embroiled in a lawsuit against her former employee claiming “gross mismanagement.” Fortunately, the bad girl bounced back quite nicely. Her net worth is now an estimated $43 million!
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