[size=14pt]Rihanna's vanishing fortune[/size]
(Agencies)
Updated: 2008-08-25 17:00
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Rihanna reportedly fired her business manager after discovering she only has $20,000 left in her bank account.

Patricia Williams claims she was recently “let go” after Rihanna accused her of stealing after discovering her pop fortune has all but disappeared.

Williams said: "It’s not my fault that she only has $20,000 to her name. I have worked for many high-profile actors, musicians and multi-million dollar corporations. Why would I steal from Rihanna?

“I showed her all the paperwork and tried to explain to her the circumstances but she wouldn’t listen. She called me all sorts of horrible names and stormed off.

“I now feel compelled to share with the world the background story as I will not allow my name to be slandered.”

Rihanna’s recent album ‘Good Girl Gone Bad’ has sold an estimated five million copies worldwide and she has toured extensively across the US and Europe this year.

Williams claims the 20-year-old singer’s record label Def Jam and her manger Marc Jordan are to blame for her financial problems.

She is quoted by website blackarazzi.com as saying: “Def Jam doesn’t fund Rihanna properly, so Marc uses the money Rihanna makes from third-party endorsements and from tours to fund her album and music videos.

“I don’t want to disrespect Marc’s name. He is a fantastic manager and genuinely believes in Rihanna. But he uses her money to fund her future projects because he believes he can break her in the world-market. Her album sales are not nearly as close to her single sales and he knows that if she is only known as a ‘singles artist’ she will only be as good as her last hit. Unfortunately, he didn’t inform his client and I’m receiving the brunt of it.”


http://www.chinadaily.com.cn/showbiz/2008-08/25/content_6969133.htm

her bf isnt broke. all is well.

her boyfriend isnt broke. all is well.

Boyfriend? They are not married now?

You sure say that guy get shishi?

Besides, how long do hollywood relationships last?

Damn!

Besides, how long do hollywood relationships last?

I wonderooo! DavidDylan sounds like he followed her squander her money. Abeg make Thisday and Nigerians wey she yab well well for BET come to her rescue with an umbrella because the rain is hitting her hard now.

She prolly spent all her money on Rims.

She prolly spent all her money on Rims.

Lol, i think these celebs are overated. The make money from subsequent successful albums and hit megabucks from endorsements and tours.

davidylan:

her boyfriend isnt broke. all is well.

Her bf got money, the problem is, they're not hers.
Why depend on a man for money?
They're not trust-able. . . . .why even ask a man that's not your husband for money?

@post
This girl get $20,00 and she's worried?
Plz bring her face over here so I can give her one or two thunder slaps.
That's what she gets for partying and spending unnecessarily.

@post
This girl get $20,00 and she's worried?

Why won't she be worried? She's high maintenance and cannot walk the street freely like you and me unless she moves to Saudi Arabia, Brunei or Ethiopia. I wonder what she was doing when her money remained about $300K?

Is she rily broke!

cuz she fired her wteva means she broke?!!

I don't believe this story. All the money she made from her Good Girl Gone Bad album is gone? Her shows? Her Volume 2 album?
I definately don't believe.

stop the rumour
abeg

why she no go broke, when chris don hammer dat thing with his tiny weeny!!!

ok since shes broke,make we do nairaland's community contribution for her

hard 2 blive tho' but c'mon y'all its riri n soonr or l8tr she'll b bac on top wit 1 slammn album soo,
dis just goes 2 say being broke @ 1 point or anoda happnz 2 lyk evry1

I don't believe this story. All the money she made from her Good Girl Gone Bad album is gone? Her shows? Her Volume 2 album?
I definately don't believe.

Yep; Just like Jackson's, Tyson's, Holyfield's, Mc hammer's etc money went down the drain only that it seems the plague is following only black people. Money do not come from album sales et al; Endorsements and tours are their major source of income. You care to know why Celine Dion lived 5 years in las Vegas(bellagio) instead of working on a strict album? You saw her album during that Casino contract never banged like others simply for lack of publicity and hard work.

mesmya:

ok since shes broke,make we do nairaland's community contribution for her

10kobo she no go get from me, even if she has bare puss.y all ova my king size bed!

Brash!:

10kobo she no go get from me, even if she has bare puss.y all ova my king size bed!

lol

lamidebaby:

lol

gba oooo!

DeepZone:

Yep; Just like Jackson's, Tyson's, Holyfield's, Mc hammer's etc money went down the drain only that it seems the plague is following only black people. Money do not come from album sales et al; Endorsements and tours are their major source of income. You care to know why Celine Dion lived 5 years in las Vegas(bellagio) instead of working on a strict album? You saw her album during that Casino contract never banged like others simply for lack of publicity and hard work.

Squandered in less than a year? I no gree seh.

eh yahhhhhhh,is dis really true?

Hmmm, this story sounds untrue. Just the other day on some website, she said she only wears designer clothings.

She usually travels to paris, etc to buy them and cannot wear anything less than that. when my brother told me, i was

like  . So, how can she possibly go broke now??

Hmmm, this story sounds untrue. Just the other day on some website, she said she only wears designer clothings.

She usually travels to paris, etc to buy them and cannot wear anything less than that. when my brother told me, i was

like Huh. So, how can she possibly go broke now??

may be that's where her money went. It will be a pity tho that she blew her fortune on designer clothes, Typical!!!

spikedcylinder:

Squandered in less than a year? I no gree seh.

money is like a spirit,if not properly managed can disappear at anytime

well if what they say is true then i would love to be as BROKE as Rhianna, fuksake! i could do with twenty grand

powderPink:

well if what they say is true then i would love to be as BROKE as Rhianna[b], fuksake! i could do with twenty grand[/b]

na vex?

money is like a spirit,if not properly managed can disappear at anytime

Thank you.

powderPink:

well if what they say is true then i would love to be as BROKE as Rhianna, fuksake! i could do with twenty grand

Me too o. Me too.

yhqahhahaaaaaaaa

something new to laugh about

I can't believe anyone believes this.