Rihanna’s Bankrupt Woes Accountant’s Fault? ‘Money On My Mind’ Singer Bounces Back From 2009, Now Estimated $43 Million Net Worth

Rihanna's bankruptcy woes in 2009 were reportedly the fault of her accountant and now she's asking a judge to be compensated in a civil lawsuit for gross mismanagement, despite having a current net worth estimated at $43 million.

According to the legal documents obtained by TMZ, the "Money On My Mind" singer claimed that she used to have $11 million at the start of 2009 and by the end of that year she was neck deep in debt that she had to file bankruptcy protection.

Berdon LLP, however, pointed the blame back at her in a separate news story by TMZ published last year.

By the end of 2009, she only had $2 million left but she racked up expenses too much that all that money only went for debt payment, the documents added.

One of her major contentions was the green light her accountant gave her to purchase a property with a market price of between $7 and $7.5 million, according to TMZ. Rihanna said that it was such a bad financial advice that she had to sell the property at a $2 million loss.

The singer also claimed in the legal docs that "Last Girl on Earth Tour" was bleeding money in 2009 but she never heard a word from her accountant which would have allowed her to make better decisions.

Finally, the sultry singer claimed that her accountant billed her very high commission, which was 22% over the standard rate.

In its defense, Berdon LLP that they wouldn't have collected the commission they billed her without the express approval of Rihanna through an engagement letter.

The accountancy firm said that Rihanna's "own financial action or inaction" as well as some people surrounding the actress was to blame for that mess.

And for that reason, Rihanna's accountant is petitioning the judge not to award compensation to Rihanna as a result of her bankruptcy woes in 2009.

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