Entertainment

Rihanna hits hard times

Aug 25 03:10pm

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 a US website 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."

 

15 Comments Report Abuse
1. nacrasailor2007 - Aug 27 09:49am
Good singer. Bad financial planner.
Hope she bounces back
2. cybachic2000 - Aug 27 11:22am
What kind of fool doesn't keep an eye on their large sums of money at all times? Sure she had a manager etc but ultimately it is up to her to keep a tab on her finances - after all she's an adult now, no more holding on to Mamas apron strings.
3. amzels4eva - Aug 27 12:15pm
As a business manager Williams shouls have kept an eye on all Rhianna's money, no matter where it was going. good on her for getting rid of a 'bad asset'.
4. swish_swiss_shepherd - Aug 27 01:40pm
A lesson to be learned for everyone. If its your money, you must understand what is happening and who is spending it, not much point crying afterwards.
5. mariewest111 - Aug 27 01:50pm
someones telling porkies here come clean williams
6. milan_fan_04 - Aug 27 03:22pm
WHO CARES. HAVE A GOD DAM CRY. PEOPLE ARE DOING IT WAYYYYYY HARDER. TRY BEING A 21YR TRAINEE RENTING AND LIVING BY YOURSELF ON THE SUNSHINE COAST. oops had caps lock on..well GOOD! perhaps a refugee, imagrint or living in Sudan, kenya or west congo..or any 3rd world country. she is 20 for gods sake
7. joey.middleton - Aug 27 03:41pm
Someone is trying to Stop The Music
8. geralg2003 - Aug 27 04:55pm
SO SAD YOU REAP WHAT YOU SO .
9. namlan_41 - Aug 27 06:50pm
damn rihanna man i know ur doing a gd thing but i think u shuld investigate further because u don wanna accused the innocnet
10. naz7t - Aug 27 08:29pm
Seen her on some awards show on tv a while ago,she's pretty and knows how to shake it but her back up singers carried her through the whole song.Then again maybe she was mimeing?
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