Rihanna Was Apparently Bankrupt Thanks to Her Dumb Accountant

Even pop stars have money troubles.

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Apparently no one is safe from financial troubles—not even chart-topping pop stars. Rihanna recently revealed that her less than stellar accountants left her "effectively bankrupt" in 2009, which in celebrity speak, means down to her last $2 million.

According new legal paperwork from Rihanna herself via TMZ, she claims to have had $11 million at the beginning of the year, but thanks to a hefty and accountant-approved housing purchase with a price tag of $7.5 million, she unknowingly dwindled her fortune down to its last legs—although, we have to admit, having a cool 2 million left in your bank account doesn't sound like bankruptcy to us.

Never fear for RiRi's finances, however—she's in the midst of a lawsuit filed against her accountant claiming gross mismanagement, and her current net worth is estimated around $43 million. Nothing to help you bounce back like 11 number one singles, right?

Diana Pearl

I'm an Associate Editor at the Business of Fashion, where I edit and write stories about the fashion and beauty industries. Previously, I was the brand editor at Adweek, where I was the lead editor for Adweek's brand and retail coverage. Before my switch to business journalism, I was a writer/reporter at PEOPLE.com, where I wrote news posts, galleries and articles for PEOPLE magazine's website. My work has been published on TheAtlantic.com, ELLE.com, MarieClaire.com, PEOPLE.com, GoodHousekeeping.com and in Every Day with Rachael Ray. It has been syndicated by Cosmopolitan.com, TIME.com, TravelandLeisure.com and GoodHousekeeping.com, among other publications. Previously, I've worked at VOGUE.com, ELLE.com, and MarieClaire.com.