Rihanna, the
Barbadian singer, whose real name Robyn
Fenty won a multi-million dollar lawsuit against her former accountant claiming
he advised her to make a string of bad financial decisions which almost saw her
go broke.
She
claimed that she was 'effectively bankrupt' at the end of 2009 after bad advice
from accountant Peter Gounis of Berdon LLP.
Rihanna says in the lawsuit that she
had $11million in cash in January 2009 but just $2million left at the end of
the year - mainly because her accountant told her to buy a Beverly Hills
mansion for $7.5million which turned out to be moldy and leaking.
The 25-year-old, who is now worth
$43million, said that Mr Gounis told her she could afford to purchase the home
when she was actually running out of cash.
The trouble-ridden mansion ended up
having to be sold at a $2million loss
In response, Mr Gounis said that the
singer squandered huge amounts of money on designer clothes and jewellery.
Inorder to settle out of court, the
firm has now offered the singer a settlement of more than $10 million, and
papers are due to be signed this week
No comments:
Post a Comment
Kindly share your view or contribution on this topic