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February 12, 2014

Rihanna Sues Accountancy Firm Berdon LLP For Losing Her Millions And Making Her Effectively Bankrupt

Rihanna has apparently revealed how she was left ‘effectively bankrupt’ after spending nearly £7million in just under a year.
Celebrity website TMZ claims new legal documents show the 25-year-old claiming that by the end of 2009 she was down to her last million in cash thanks to her accountant’s poor decision-making over her fortune.
To make matters worse for the What Now singer, she reportedly also claims her expenses ‘doubled’, leaving her on the brink of financial ruin.
In documents apparently filed in her 2012 gross mismanagement case against the accountancy firm, Berdon LLP, RiRi alleges she was given the go-ahead to purchase a house priced between £4million and £4.5million but later sold it for a £2million loss.
Rihanna also apparently claims in the lawsuit that her 2009 Last Girl on Earth tour was losing money, but she said her accountant never warned her to watch her spending.

Rihanna 'blames bad accountant for losing her millions and making her effectively bankrupt'
Rihanna’s 2009 Last Girl on Earth tour was reportedly losing her money (Picture: AP)

Berdon previously claimed Rihanna’s own ‘financial action or inaction’, or those of people working for her, caused her to lose money – not its decision-making.
It also dismissed the star’s previous objection she paid an ‘above-average’ commission of 22 per cent as something she had signed off herself.
Luckily for the singer she has picked herself back up and is now said to be worth around £26million ($43million).
Meanwhile, RiRi has pushed her legal battle to the back of her mind to enjoy a date night with her mother, Monica Braithwaite.
The Pour It Up hitmaker covered up in a white fluffy coat to dine at the Giorgio Baldo restaurant in Santa Monica, LA, on Tuesday.
She is also said to be working hard on her eighth studio album alongside producers David Guetta and Nicky Romero.

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