Rihanna Says She Was 'Effectively Bankrupt' in 2009, Blames Accountant

Today, Rihanna may be worth $43 million, but just a few years ago the superstar singer says she was "effectively bankrupt."

The 25-year-old artist blames her accountant for making bad decisions that blew her fortune by the end of 2009. 

According to TMZ, the singer claims that she had $11 million in cash at the beginning of 2009, but because her accountant was not on the ball, she took a $9 million loss and was left with $2 million at the end of the year. Furthermore, her financial troubles got worse because her expenses doubled, which left her hanging on a financial cliff.

In legal documents filed in her gross mismanagement case against the accountancy firm, Berdon LLP, the singer claims she was given the green light to buy a house priced between $7 and $7.5 million. Later on, she sold the house for a $2 million loss.

The "Can't Remember to Forget You" star also claims that the accountant failed to warn her that her 2009 tour, the Last Girl on Earth Tour, was losing money, reports Mirror.co.uk.

As a result, the Bajan beauty claims that she was "effectively bankrupt" in 2009.

Berdon previously argued that Rihanna's own "financial action or inaction" or those of people working for her caused her to lose money, not their decision-making. They also dismissed her previous objection that she paid an "above-average" commission of 22 percent as something she had signed herself.

Obviously, the Caribbean performer has made a nice recovery since then.