Wednesday, February 12, 2014

Rihanna Admits She was Broke in 2009


Back in 2012 Rihanna filed a lawsuit against her accountants claiming they defrauded her out of millions of dollars [click here if you missed that].

In her suit Rihanna admits by the end of 2009 she was practically broke...

According to the court documents dug up by TMZ Rihanna claims she was worth $11 million at the beginning of 2009 and only worth $2 million by the end of the year, meanwhile her expenses had doubled.

Rihanna claims her accountants advised her she could purchase a house between $7 and $7 1/2 million even though her Last Girl on Earth Tour was losing money. She later ended up selling the house at a $2 million loss.

Rihanna's current worth is estimated at $43 million.

Fun Fact: Back in 2008 an open letter claiming to have been leaked by Rihanna's former accountant claimed the pop star was down to her last $20,000 because her manager was using all her outside endorsement money to fund her music career without her knowledge [click here if you missed that].

72 comments:

Reds4real2006 said...

LOTS OF PEOPLE ARE BROKE
WHY IS THIS NEWS?

SHE COULD HAVE BORROWED MONEY FROM BEYONCE
CASE CLOSED

Anonymous said...

Wow! Nice comeback though.

Anonymous said...

Now you see why beyonce is selling one size fits all black draws
With pink painted on letters ...struggle draws.

Half a billi like really huh jay...yeah right

Anonymous said...

but how much money does Beyoncé actually have?

Anonymous said...

I can tell something was amiss. she wore those nude louboutins damn near everyday. I know them shoes must have been smelly smelly

Anonymous said...

1:51 PM Beyonce tours a lot- the money comes from that, and personal performances she does and endorsement deals. and Im sure she made a killing on her lastest album

Anonymous said...

Doesn't matter, she's caked up now and learned her lesson. #NEXT

Anonymous said...

So this is why this chick won't ever sit her ass down she was up to her neck in debt and she needed money BAD! But still something ain't right... In 2009 she was 4 years in her career and had smash records and top selling tours and she was only worth 11 million dollars? Riri you might want to look over your contracts because something tells me you've been getting robbed since day one and still are. You are more successful than teeny bopers like justin Beiber and Taylor swift yet you're not even worth half their networths? Where the hell is all you're money going. With her type of success she should be worth well over 100 million dollars.

Honey Bun said...

She never showed it tho , love this bish

Rhianna aint got a man to rely on so she needs to stack that cahs

good comeback , those accounting crooks are the worst

Honey Bun said...

you gotta be the typa bitch to check your $$$$ weekly when you have millions...for real

Anonymous said...

@151 Wasnt rihanna doing the exact same thing... they both are
In fact doing the same thing rihanna generated multimillions

Who got the money tho...follow the money trail.

All these entertainers are products of the big Media empires who own them and sell them

Beyonce is no different.

Anonymous said...

At that time she was still a fairly new artist on the scene and new artist get taken for all the time. I'm glad she's more aware and has learned her lesson early, instead of putting in years of work and finding out she's broke later on down the line.

Anonymous said...

Jay z got their money DUH! Beyoncé and Rihanna are enslaved to him! But Beyoncé is married so she's reaping the benefits... But if they divorce it's gonna get ugly

zeeedeee said...

I'm so sure all the DRUGS she's on have absolutely NOTHING to do with it huh?..spending money on them and/or staying too high to notice will do it EVERYTIME!

Anonymous said...

Oprah and Bill Cosby always said count your own coins. And did Rihanna know her networth was 11 million in the beginning of 2009? If so why would she ever buy a 7 million dollar home I don't care who advised it I wouldn't of done it.

Anonymous said...

Why are yall comparing Bey money to Rhianna money.??!?! It makes no sense.

I'm sure keeping Melissa and who ever else in clothes, fed and housed don't help her bottom line. Or her whole entire family. Or the massive amounts of drugs she consumes.

Why was that tour losing money? How much did this last tour lose?

CaliGemm said...

drugs will do that to yo bank account hun'Ty!

Anonymous said...

2:27 you ain't never lied ask Whitney Houstan. Riri crack is WACK!

Anonymous said...

Those 360 contracts will fuck an artist up. She still gonna end up broke

Anonymous said...

7 platinum albums, a list of #1's a gang of digital downloads, top selling tours, endorsements and still she ain't worth half 100 mil? Girl count your pockets something is still very fishy, don't end up like Toni Braxton.

Anonymous said...

Jay is on a 360 deal to live nation himself.Sorry ...Sony and live nation are getting all of these guys money 80 percent or more

and if you owe them You can tour and still be in the red...in other words your touring to pay back what you owe and your not seeing one red dime from your tour

Ask your girl Beyonce about that

Anonymous said...

You gotta pay the devil his due, which is always a lot more than what you signed up for.

Anonymous said...

Jealous hoes.....how much money do you have right NOW?!

I'll wait.

Anonymous said...

You actually think you're gonna get paid signing deals with devils? Even if you make millions best believe before you're dead you're gonna have to give it all back and most likely will end up in debt.

CaliGemm said...

2:38 shut up, no one is jealous of this tramp... & if you have to ask how much $$ someone got right now then YOUR ASS is broke! bye FELICIA! #dumbbitch

Anonymous said...

I thought Rihanna was worth 90mil. Lol 43mil? Nicki Minaj is worth 30mil & she hasn't had nearly as many #1 hits or been out as long as Rihanna. LOL. Jay-Z is winning

ELove said...

"With pink painted on letters ...struggle draws." <---- I'M DYING!!!!!

The 2nd @2:35pm MFing BAM!!!!!

To the poster talking about Concert-Revenue...
Musical Artists RARELY MAKE (aka Get To Keep as EARNINGS...) 50% of their Grosses becuz of their Contract-Agreement and the Actual-AMT of Gross needed to be extremely Profitable are RARE FOR BLACK Musical Artists!!!!!

Michael Jackson, Prince, Lionel Ritchie were beneficiaries of SUCH EARNINGS But Their Business-Knowledge is FAR MORE ADVANCED Than ANY BLACK Musical-Artist since Their Time...

U2 makes RIDICULOUS EARNINGS becuz of Their Contract-Agreements and Advertisers/Promoters can't screw them out of $$$ like they do Other Artists... NO BLACK Musical-Artist today can come CLOSE TO THAT (Just Being REAL Here...)

I'll end by SAYING... Bono of U2 have LOST over $100 Million in the Stock-Market (MORE THAN ONCE...) and He STILL Ain't Hurting for MONEY Though (MmmHmm...)

Anonymous said...

At least she admits it. At least she's real, she's not selling underwear on her website while pretending to be worth billions.

You ever go to a hair salon or barber shop in the hood, and broke solicitors walk into the shop and bring out kitchen knives, AK-47's, blow up dolls, and everything under the sun, trying to get you to part ways with your money? That reminds me of BeYawnce and her camp.

Anonymous said...

Well good damn thing she and other celebs get free clothes, shoes, jewelery, good damn thing designers that are trying to make it big in the business happily send them free sh*t, meanwhile the celebrity is dressed for fame and the aspiring designer is in debt trying to make their dreams come true
Good thing car companies will let them ride as long as they make sure the paps snap pictures and influence their broke fans to buy it at full price, no sales discount.

Good damn thing if a celeb goes to an average joe hotel-motel-holiday inn or restaurant, their fans working there or an employee that's just star struck by anybody, will give them a damn discount or free, while the average joe customer gets overcharged for making a non-local phone call.

Broke celebs don't all suffer the way a broke average joe suffers. Broke celeb still living fancy with their free and discounted luxuries while broke average joe sleeping in their car for a few nights and sink bathing at starbucks.

Anonymous said...

@311....guess you havent read about all the legal cases of designers suing artist because they wouldnt give back the 'loaner'

clothing , jewelery, cars.. etc...Not to mention the rented and leased homes they never really owned....and were sued for months of back rent.

lets forget how many hotels have sued artist who ran up huge hotel stay and room service bills and skated without paying the bill
and then the artist trying to save face saying they thought the room was complimentary.


Anonymous said...

This is what happens when uneducated people end up with money.

Anonymous said...

Unlike Rihanna, Beyoncé is a hustler and has been one for almost 15 years now! Yeah she's selling underwear that's because she'll slap her name or image on anything as long as she's getting paper. It's called having multiple streams of income. Lol last year Pepsi paid her 50 million just to endorse them, apparently that's more than Rihanna's entire current networth and that's just from ONE of her endorsements HA! Dont compare her to this broke drug addict.

Anonymous said...

I remember that letter Snitch. In fairness to ex manager, he was only using her funds because Def Jam pretty much gave up on her. That's why when I see her with Jay Z, and he's cheesing hard like he is some big man, who is responsible for all her success, I wonder what she REALLY thinks at the back of her mind. Because Jay was the president of Def Jam at the time when they STOPPED giving her money for promo, including music videos. She essentially self financed her career after We Ride up until, Good Girl Gone Bad.

If that isn't yet another example how cold the industry is, I don't know what is.

I hope she wins the case, because it seems her naivety and youth, with regards to financial matters allowed her to be taken advantage of.

Anonymous said...

Anonymous said...

I thought Rihanna was worth 90mil. Lol 43mil? Nicki Minaj is worth 30mil & she hasn't had nearly as many #1 hits or been out as long as Rihanna. LOL. Jay-Z is winning
2:50 PM
---------------------
How much are you worth though? Seriously?? Your broke hoodrat ass is laughing about someone's net worth, who is insanely more wealthy than you.

Teyanna the bull dog, is that you?

Anonymous said...

@1:51 PM

I doubt we will ever know. I remember their PR handlers tried to put out there as a couple they were worth a billion. Lol.
Forbes debunked that nonsense with quickness.
Like y'all have been saying for the longest, that's why the carters stay on tour. They have no choice. Bey extended her tour, he went from his joint tour with kanye, to joint tour with JT, to his own tour. People often don't realize big money endorsements are actually really loans. JT took about 15-20 millions from Live Nation in a 'tour deal'. After a few years, the higher ups and LN are wondering what is happening with their investment. In 2012 the essentially called in their loan. Translation they made JT record an album so he could tour off it.

Anonymous said...

Anonymous said...

At that time she was still a fairly new artist on the scene and new artist get taken for all the time. I'm glad she's more aware and has learned her lesson early, instead of putting in years of work and finding out she's broke later on down the line.
2:10 PM
+++++++++++++++++++++++++++++++++++++++++++
Exactly!!! It can happen to absolutely anyone. Some idiot mentioned this is what happens when uneducated people have money. That comment only proves how dumb people unfortunately easy access to the internet. The lead singer of The Police, Sting is very educated. He used to be a teacher pre- fame. His education didn't stop his personal accountant stealing about 10 million dollars from him.

Anonymous said...

* ^^unfortunately have

Anonymous said...

@2:12 yep, Jay Z has their money (Rihanna and Beyoncé's) Look at the way they are marketed - exact same hoes selling "sex". The 360 deal is money up front for the artist (I think Jay Z got 150m il) and Live Nation takes 80% of their profits (touring, music, businesses, etc.). Damn greedy people sold their souls for nothing - fools for money!

Anonymous said...

Rihanna has not recovered from this. Dont be fooled into thnking
Her situation is changed its not.

She would have been dropped just like teyanna had she not got americas sympathy money from the chris brown incident

She realy milked that incident truth is it saved and exstended her career ....for now

Anonymous said...

@5:41
That incident put her on the map period lol.

Anonymous said...

Just like niggas:

Sitting up, arguing over other people's new worths and pulling up facts, figures and websites. SMH...

Only broke, destitute, no life having niggas are this invest in other's bank accounts.

Bee Gee said...

Them sharks bit a couple of chunks outta here but she lived to tell about it.

Anonymous said...

It's sad but true. The Chris Brown incident did elevate her career and helped solidify this victim turned survivor/bad girl image. White america became interested in what will become of this poor little black girl, thus the navy was formed.

Aside from that her tenacity kept her up float prior to the incident so for that reason I think she has earned every bit of her success. Regardless if she is worth 43 mil or 90 mil, she is a young black mainstream artist living out her dreams.

Anonymous said...

Yep! Had she not instigated that fight that grammy weekend 2009 she would have been a HAS BEEN by now! She took the sympathy, changed her image and walla the slut we see yodeling worse than Celine Deon today.
And I may be a minority but I have never seen the Beyonce Pepsi cans that were supposed to be a part of that huge dea THEY made.

Anonymous said...

@Reds4real2006 said...
Lots of people are broke, yes.but 'lots of people' aren't rich, high profile entertainers, like Rihanna, which is who this article is referring to.

Anonymous said...

The music industry has been operating the same way for over 60 years. Why do you think the Motown Revue and the Doo Wop groups from the 50s and 60s are still performing?

All the money in the music industry is paid to the labels, the management, and the lawyers. The artists are basically modern-day sharecroppers, working their debt down, and most of them never get to the point where they can work it completely off.

This is why these artists keep hustling 24/7, because they are actually earning their living off endorsements, and the small amounts they get from live performances. The long money is in writing and publishing, so someone who is just a singer, like Rihanna, with no other hats, is going to be broke at the end of the day, unless they learn how to invest the pittance they get paid after all the money is handed out to the middlemen and the lawyers.

Anonymous said...

2:15...that part right there...

Rollo Jenkins said...

I remember this. But they said she was only worth 20,000 not 2 mil

Anonymous said...

Rollo Jenkins said...

I remember this. But they said she was only worth 20,000 not 2 mil
11:32 PM
-------------------------
The alleged tea from her accountant was spilled in 2008. They said she was worth only 20,000. Because her record label had washed their hands of her and she was self financing her career

http://www.rhymeswithsnitch.com/2008/08/is-rihanna-broke.html

Anonymous said...

@9:06 PM

Rih was clearly never broke. She was 'Rich people broke'. Down to her last 2 million just 5 years ago. However she absolutely needs the financial mismanagement to be handled thoroughly. Many people have got rich off her back. Shady.

Anonymous said...

To 6:02 pm Wise words from the loser on a gossip site that seeks to speculate on the lives of celebrities. Lol

Anonymous said...

The conspiracy theorists are out in force, I see. The Chris Brown thing granted her some infamy, for sure but the disturbing image and the mere thought that her cute Rnb singer bf did that to her was bound to stir public interest. However it didn't help her record sales. Her first album after the incident, under performed. Bear in mind certain songs made people believe were about her ex and people drew parallels to her real life in certain lyrics. What ACTUALLY turned things around is the sexually liberty, saucy, sexed up image. THAT is what made Rihanna, Rihanna. Loud album has outsold all her output since after the incident.

Anonymous said...

You live and u learn. She has a true rags to richest
True life. Good thing she has hung in there and is a fighter.
She didn't have a street smart daddy to cover for her, and she
has clearly been through something and is as sharp as a tack.
She has had some good tours and some great Endorsements.
And has been able to keep her bills paid by herself some property
She's doing great, and still learning, working, and paying attention
to things around her especially her money.

Anonymous said...

This happened a while ago, and she has had a tour that grossed
90 million and a tour that grossed 140 million this past year not counting anything else haters go figure and then add her music sales, then her other ventures and remember she's not trying to sell dollar store drawers.

Anonymous said...

She's a strong woman, she had gone through hell and back, and
She's still standing. Through all the lies and slander she's letting
people know that she got taken, and she had Jayz, Def Jams so
if and when they find the dead rat it might be somebody close who
have had their hands in the cookie jar to much.
Know that Rihanna Lawyers are going to turn over ever phucking rock in sight, to get to the truth about her cash flow. They got some
new Lawyers out there now who want be bought.
And they are wanting to expose and make an example
out of somebody, no matter how big they are, funny how no one
else connected with Def Jams, or Jayz has ever had money,tax
problems.

Anonymous said...

Remember Rihanna making it to the times mist Influential
list making a cool 53 Million dollars for the year of 2012,then
29 Million for 2010, then 35 Million for 2011,and 43Million for 2013
I hope her Lawyers kick a** and take names for who,s at the root of her Money, doing the buck a roo in 2009, Remember who her Label and her Manger are right now.
Her Net Worth is up there now, for real.

Anonymous said...

@3:03
Excuse me all of her albums has gone platinum
Including RatedR, you tried though.

Anonymous said...

And she had dropped three albums before Chris lost
his mind and umbrella was owning the air ways in2007
and was the top selling single world wide.
And after Chris went crazy Rihanna still sprung back harder then ever, and had been rolling ever since, and she's still not trying to hustle some sales with some dollar store lookin drawers.
When they post on Rihanna on Forbes ate any list, it will be for hard work she put in and not from copying and stealing from her
Fellow man.

Anonymous said...

Teyana need to get herself some business and the B hive need to quietly stfu.

Anonymous said...

Many would have given up after Chris lost his mind, but she did not. And no matter how much Jayz pad Beyonce account to make her seem better than all the rest Rihanna will keep working hard and doing the best she can.

Anonymous said...

People hate her on any day, that is why she's living proof, that you can make it if yo try no matter what they say.

Anonymous said...

Her haters go in search for her each day to try and make her
go away, and she rebels by staying in the game.

Anonymous said...

Her money might be funny but I would bet on Rhi. She'll come up and stay there eventually.

Anonymous said...

And yall stay believing FORBES! LOL

Smoke and Mirrors with these fake ass celebrities!
Beyonce and Jay Z too

Anonymous said...

Forbes is full of s,,,

Anonymous said...

People can say whatever about this chick, she has had to overcome so much shyt. She has been dragged for filth, her looks has been talked about, her talent just you name it. Everything has been thrown at her and she's still trucking, the energizer bunny.

Anonymous said...

She drops music they bad mouth her. What would people be saying if she was a lazy Artist.

Anonymous said...

She feels the same way that many feel, and that is you have got to work your behind off to stay in the game.

Anonymous said...

This is why people love Rihanna, she doesnt make excuses... she gets her work done and comes out on top! No help from her father, boyfriend/husband/girl group/etc... all by herself and she has built an empire.
One thing no one can say is her music is garbage.. no matter if you like her or not when her songs come on the airwaves and it always excels.

Anonymous said...

Anonymous said...

She feels the same way that many feel, and that is you have got to work your behind off to stay in the game.
12:17 PM
------------------------
Absolutely!!! Is it an ideal situation? No. Is it embarrassing that one's financial life will be publicly scrutinized? Yes, perhaps. Is it frustrating that considering how hard she's worked, she should probably worth twice as much as she is now? Yes. But she turned it around. She never had to file for bankruptcy and I've never heard of her having any tax problems, so I will assume that has been handled properly. Kudos to her and her team. I truly hope she wins the case.

Anonymous said...

How much is she suing the firm for?

Anonymous said...

She's remarkable just for being honest about it. I wouldn't be surprised if Bey is not worth more than $50 mil herself. That's why Bey lies and says she co writes her songs- the real money is in song writing royalties that last for a lifetime. Rihanna doesn't write any of her music and she is probably paying for all of the air travel, hotels, tour staff, etc. out of her profit money every time they go to a new city. A hotel for the 50-100 tour staff can probably run $50,000- $100,000 a night, plus security, lights, private jets. It's sad no one has ever been honest about how the industry really works. Everyone just wants to sign up.

Post a Comment