She may not have breathed a word about it at the time, but legal documents published today have revealed the Pop vixen Rihanna suffered a bankruptcy scare in 2008, brought on by a supposedly incompetent accountant.
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In legal documents obtained by Time Warner’s TMZ, the Def Jam darling revealed that she started 2009 with $11 million in cash to her name, generated by ventures launched after debut in 2005.
Alas, after taking a look at her finances at the end of that year, she learned that only $2 million of that $11 million was left, a problem that now rests at the door of her then accountant.
“As for how Rihanna blew through $9 million in one year … she says her accountant gave her the green light to buy a house priced between $7 and 7 1/2 million. So she took his advice. She ultimately sold the house for a $2 million LOSS.
She also claims her 2009 tour — ‘Last Girl on Earth Tour’ — was losing money but the accountant never gave her the heads up.
The legal docs were filed in connection with a lawsuit Rihanna filed against her accountant, claiming gross mismanagement.”
Launched to support her fourth studio album, ‘Rated R‘, Fenty’s ‘Last Girl‘ tour pulled in a reported gross revenue $24,248,656 by the end of its 67 date run, enjoying dates at London’s 02 Arena and New York’s Madison Square Garden.