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Rihanna Wins A Multi-Million Dollar Settlement After Taking Bad Real Estate Advice From Accountants

It was reported back in 2009 that Rihanna admitted she was broke after taking bad real estate advice from her accountants.

According to TMZ, Rihanna claims she was worth $11 million at the beginning of 2009 and only worth $2 million by the end of the year, meanwhile her expenses had doubled.

The “What Now” singer claims her accountants advised her she could purchase a Southern California house priced at $7 and $7 1/2 million… even though her Last Girl on Earth Tour was losing money. She later ended up selling the house at a $2 million loss including renovations made on the home.

In 2012, Rihanna filed a $35 million lawsuit against her accountants, Peter Gounis and the firm Berdon LLP, citing they defrauded her out of millions of dollars.

Page Six now reports that Rihanna has won the multi-million dollar settlement after a judge ordered Peter and his firm to pay the singer a total of $10 million, and papers are due to be signed this week.

Reps for Rihanna, whose financial position has vastly improved recently after earning enough to put her worth at about $43 million, and Berdon LLP didn’t get back to us last night. Rihanna’s current worth is estimated at $43 million.

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3 Comments

  1. GHHB

    February 19, 2014 at 3:48 am

    That's what's up get your damn money Rihanna!

  2. sandre Ennis

    February 19, 2014 at 3:07 pm

    happy for her

  3. Carla simpson

    February 19, 2014 at 5:19 pm

    this is great news for her

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