Rihanna's accountant 'caused bankruptcy'

Rihanna allegedly blames her accountant for making her "effectively bankrupt" in 2009.

TMZ claims to have obtained the 25-year-old singer's legal documents, in which she is said to have insisted she had $11 million in cash at the beginning of 2009.

These files were reportedly handed in with connection to Rihanna's case against her accounting firm Berdon LLP. She sued them for gross mismanagement in 2012.

The gossip site writes: "Rihanna says the accountant was not on the ball and she was horrified to learn at the end of the year she had $2 million left."

It continues to claim her expenses had doubled at the time, which left her struggling more.

Rihanna would have lost $9 million in the year and in the legal documents she also reportedly says her accountant gave her the thumbs up to buy a house priced at between $7 million and $7.5 million. After allegedly taking their advice, she ended up selling the home with a $2 million loss.

In addition to these reported statements, the Bajan musician is also said to blame her accountants for not letting her know that her 2009 Last Girl on Earth Tour was also losing money.

In 2012 Berdon LLP hit back at Rihanna's lawsuit, insisting it was her own fault she lost so much money.

TMZ reported at the time that the law firm also defended the 22 per cent commission, saying it was "signed off on by [Rihanna] in an engagement letter that gave them permission to do so."

They reportedly claimed it was the pop star's "own financial action or inaction" or the work of those close to her, which resulted in the loss.

© Cover Media
Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Funeral for B.B. King held in Mississippi Delta hometown
    Funeral for B.B. King held in Mississippi Delta hometown

    INDIANOLA, Miss. (AP) — Hundreds of people filled a church in the Mississippi Delta for the funeral Saturday of B.B. King, who rose from sharecropper in the area's flat cotton fields to worldwide fame as a blues singer and guitarist who influenced generations of entertainers. …

  • CBS' Bob Schieffer is ready for retirement
    CBS' Bob Schieffer is ready for retirement

    WASHINGTON (AP) — At 78, Bob Schieffer is entitled to reminisce about the "good old days" of reporting. He believes young people coming into the business can also learn from them. …

  • Duggars To Sit Down For Interview
    Duggars To Sit Down For Interview

    Jim Bob and Michelle Duggar, parents of the "19 Kids and Counting" family, are heading to Fox News Channel for a new interview. "Next week we will sit down with Megyn Kelly on Fox News to share our hearts with you about the pain that we walked through as a family twelve years ago, the tears we all shed and the forgiveness that was given," Jim Bob and Michelle Duggar said in a statement. …

  • McCartney says he's given up pot now that he's a granddad
    McCartney says he's given up pot now that he's a granddad

    LONDON (AP) — Paul McCartney says he has given up marijuana after many years of indulgence and now prefers wine or "a nice margarita." …

  • Jury convicts TV actor Diamond of misdemeanors in stabbing
    Jury convicts TV actor Diamond of misdemeanors in stabbing

    PORT WASHINGTON, Wis. (AP) — TV actor Dustin Diamond was convicted Friday of two misdemeanors stemming from a barroom fight, but a Wisconsin jury cleared the former "Saved by the Bell" actor of the most serious felony charge. …

  • Taylor Swift: Muscle memory amazes me
    Taylor Swift: Muscle memory amazes me

    Taylor Swift occasionally forgets the words to her biggest songs while performing. …

  • Carly Rae Jepsen's inspiration takes flight
    Carly Rae Jepsen's inspiration takes flight

    Carly Rae Jepsen spends long plane journeys singing in the toilet. …

  • Actor Dustin Diamond not guilty of felony in stabbing case

    (Reuters) - A Wisconsin jury late on Friday found actor Dustin Diamond, who played the nerdy Screech in the early '90s sitcom "Saved by the Bell," not guilty of a felony charge stemming from the stabbing of a man during a Christmas bar fight, court records show. After several hours of deliberation, jurors found Diamond, 38, not guilty of recklessly endangering public safety, but guilty on two misdemeanour counts of carrying a concealed weapon and disorderly conduct over the Dec. 25 incident, …

  • Beyonce's unretouched L'Oreal photos only latest in her long history of Photoshop controvers …

    Beyonce's unretouched L'Oreal photos only latest in her long history of Photoshop controvers …

    Celebrity News - Fri, Feb 20, 2015 1:47 AM PHT
    Beyonce's unretouched L'Oreal photos only latest in her long history of Photoshop controvers …

    Beyonce’s #Flawless image is embroiled in controversy once again. On Wednesday, a web site called The Beyonce World leaked 224 allegedly raw photos of the musician. The images showed Bey in full makeup for the 2013 L’Oreal ad campaign — but with the kinds of “imperfections” we all have — beauty marks, bumps, creases. In the wake of Cindy Crawford’s unretouched photos, the images have been praised by critics of a beauty industry that sets impossibly high standards, standards that Queen Bey …

  • Taylor Swift reveals ‘Style’ video

    Taylor Swift reveals ‘Style’ video

    omg - Sat, Feb 14, 2015 12:14 AM PHT
    Taylor Swift reveals ‘Style’ video

    The 25-year-old released the video for her third cut from platinum selling album 1989. …

  • My mother-in-law’s personal encounter with the pope

    My mother-in-law’s personal encounter with the pope

    Write Away - Wed, Jan 28, 2015 2:29 PM PHT
    My mother-in-law’s personal encounter with the pope

    For my mother-in-law Mrs. Elsa Yrastorza Yuzon, flying and soaring in the skies is part of her normal routine. But it reached new heights when Pope Francis boarded Shepherd One. …