Rihanna's Broke, Rihanna has $20K in Bank, Headed for Bankruptcy

Rihanna’s now ex-business manager Patricia Willliams has been recently fired as she says “for no good reason, all in ignorance” and is “livid” with Rihanna & her management company Rebel One’s decision to fire her. Rihanna recently met with her ex-biz manager to check on her funds and was shocked to see that almost all her money was missing. Rih-Rih instantly accused Willliams of “stealing her money.”

It’s not my fault that she only has $20,000 to her name.”

She adds -

“I’m a professional Business Manager, I have a staff of more than a dozen, I have worked for many high profile actors, musicians and multi-million dollar corporations. Why would I steal from Rihanna?” She continues,

“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”

The Barbados born singer has had four back-to-back albums, including a re-release since her debut of “Pon De Replay” in 2005.According to Willliams, Marc Jordan, manager and owner of Rebel One Management has been taking care of Rihanna’s financial situation with her.

“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.” Since 2005, Rihanna has been sponsored by the likes of JC Penny, Samsung, Covergirl, Secret, Venus Breeze etc,. and has gone on two major tours, most recently label-mate Kanye West’s “Glow in the Dark” Tour and with Pussy Cat Dolls across Europe.

”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.”Why is Def Jam lacking in funding support for there act? Why was so much money spent? How much exactly? Williams continues,”Her record label Def Jam has put out 3 albums in a time span of 2 years.

source