Rihanna Is Broke
Ok, well for a lot of people this isn't actually broke, but for an international superstar who should have millions to her name this is bad news. Rihanna supposedly only has $20,000 in the bank. She was so shocked when she found out that she accused her business manager, Patricia Williams, of stealing from her and fired her.
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."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."
Rihanna has supposedly made just over a million and her manager says that most of that was spent on making her as big of a star as she is now.
"Then came for the repackaging of her album 'Good Girl Gone Bad,' which is called 'Good Girl Gone Bad: Reloaded,' that
entire project was funded through Rihanna's money. 'Take A Bow' was
bought through her money, the video was created with her money and so
is her most recent video and single 'Disturbia.' The label didn't even
want to pay a dime for anything! Close to 750,000 was spent on those
two songs alone. And now she expects to see money in her account?"
Let's keep in mind the person telling us this information is Rihanna's angry, recently fired manager. But, still, is it possible that Rihanna is really that close to being broke?!?
ONTD
i believe it! anyone remember TLCs problems?
yeah this doesn't surprise me... the music industry is notorious for screwing its clients. I think the majority of celebrities have no idea where their money is half the time, well until it's gone.
22235 points
Hopefully Chris pays for dinner and travel expenses unless he is being screwed too.
300 points
seems like a violation of privacy to be releasing exactly how much money this girl has. i guess the client-confidentiality agreement would have ended when she was fired, but still...
if having $20K in the bank is considered broke than i'm poor as hell. anyway, i have no sympathy, i've seen pictures of this girl doing two things: vacationing in expensive hot spots, and shopping.
21100 points
here here!
5420 points
AMEN!!!!
Boo-whoo for her according to "celeb" standards. She better stop shopping and start wearing those free clothing she gets.
me too...............................
and you are jealous because she worked hard and you choose not to ???????????????????......got to be joking , there is too much hate in this world....why ge mad at a person for exceeding thier limits and pushing themself to achieve it??????
go and find something to focus on except men
300 points
is that for real?? I thought she was a huge star and had lots of hits??!!! you would think her record label would be rolling out the red carpet for her. very very strange.....do you think Beyonce is behind all of this?
How in the hick could you even ask that question?? Why would Beyonce have anything to do with her finances?? I just think that maybe her management team did use her money to promote her, which in my opinion was a bad idea.
what on earth does Beyonce have to do with Rihanna's financials???????
HAH YEAH JAYZ HOOKED UP W/ RIHANNA, GOT INTO HER BANK ACCOUNT && BOUT BEYONCE SUM PANTIES. . IF BEYONCE IS GONNA ROB ANYONE IT AINT GONNA BE A #8 ALBUM SALES ARTIST!!
de ja vu - rip selena
the same incident
35580 points
Yea right
you look like a martian
this isent tru..if it was..why would she be on vacation?
you've never heard of people buying jewelry and clothes and are about to get evicted?
2675 points
whatever, even if it is true a lot of people will come up "save her" and she'll make a load of money again.
Do you guys remember there was an information that the Shut Up & Drive video costed more than 500.000 $? And they say 250.000 $ for SU&D and DSTM together?
Then she sold 150k in the first week but they forgot about Europe and the rest of the world. Her sales are at 5 million wolrdwide right now and she's broke? And her GGGB Reloaded is in the Top 10 of the BB 200 chart again. It's so FAKE.
+ Who would write so much information. They have mentioned every single, every album, every tour, just everything. It's like a fan or a hater wrote that.
and don't you think she would switch to a different label if this happened.. Thats impossible. She made Million of money out of her top 4 hits and diturbia is number 1 on the charts right now. This is some bullshit that a very smart hater wrote. Remover this shit. Its not true.
300 points
eeks! vera - new york maya be right. no other sites are posting this stuff and it seems a bit far fetched. i hope it's B.S for Rhianna's sake!
It cost money to make an artist, usually the record company puts the money first to market the artist, video, albums, promotion etc. Then when the artist starts making the money from album sales, concerts, endorsments. The record company takes their cut first, whatever money they spent promoting that artist, plus interest. Then there's the manager's cut, the lawyers, the agents. After everyone gets paid, then the artist sees some money. If the artist is big, like Beyonce, or Madonna or Britney; they see more of an income coming in. Also if the artist writes his or her own music, that helps with more income coming in. This is the reason artist have to tour and promote the hell out of their albums. They also need a gimmick to sell to the public, so we are interested and keep coming back for more. Is not what we all think, sometimes artis are all over the media, but they don't make as much money as we think.
......also I must add they used Rihanna's money to fund the videos, usually the record company pays for it and then they take it out of the artist cut from album sales. I don't think Rihanna knew how her money was being used, or she is just naive about the industry.
Um. . .New York Major--first, you need to pick up a copy of Hooked on Phonics. Secondly, you're an idiot. Do you know how much an artist makes off of each record they sell? Pennies. Literally. No artist nowadays depends on music to make them wealthy--it's all about endorsements and other deals (why do you think Jay-Z opened 40/40, Beyonce started Dereon, 50 Cent started endorsing Vitamin Water, etc. . .?). Plus--Rihanna can't just up and switch records companies--she's locked into a contract. Having top hits doesn't mean you have money. It all depends on the type of deal you have, and where the money you make goes--which is why if what you say is true, and they spent almost 1 million dollars on 2 videos for her, it's not surprising she only has 20K in the bank. Record contracts 101--any money the record company puts out for you MUST be recouped. You don't get paid until they get every dime that they've spent on you back from your album sales. They've spent A LOT of money on Rihanna, because they had to over compensate for her non-existent talent. The girl can sing, dance, or perform well--she just looks good. It costs money to manufacture a star, and Rihanna was very expensive. Thus, she won't see any real wealth until everything has been recouped, which is exactly why what her former manager said makes sense. Remember--she was just a girl from Barbados. No education, no family wealth, etc. . . Just a pretty exotic look. Her albums have never been strong sellers because the public sees her as a singles artist. Sadly, this is the tune that too many artists sing--although it's very difficult for me to muster up sympathy for Rihanna. 20K is far more than her voice is worth, so she's actually made out pretty well.
this is predictable.........u seem to know soooo much where r u????? what r u doing????? get focused on your own s#2465t
You are abosolutly right. Rhianna is a pretty face and I admire her style and grace but she got to have that drive. Chillin with Chris Brown aint going to get her no where. If she was promoting some perfume, a clothing line then
I would think these acusations aren't true but all she has is covergirl at the moment and I dont see her on to many commercials. At the end of the day I think this entire situatation is a lack of guidence on her family part regardless of how much education she has or where she comes from money is money, and at the end of the day you should be keeping a close eye on your money and how it is being spent. One thing I don't see from her is her family??? Beyonce, Britany, even down to Justin Timberlake had parents handling there affairs when they first got on she is still so very young where is the family????
300 points
Yeah, I'm not buying it (and if it is true, she shouldn't be buying anything either). Seriously though, I just read her island's newspaper and she was given a 2008 blue Land Rover! She can't be that broke!!!!
I totally agree with you Rihanna makes tousands every day, She so is not broke!!!!
300 points
Anyone remember MC Hammer? The posts here always amaze me when everyone assumes that just b/c you are a celebrity, you have a good business/financial manager and you are a multi-millionaire. It is simply NOT always the case. There are plenty of broke celebs. Fame doesn't equal money sense.
24005 points
As for her traveling shes always seen in Barbados...umm thats her hometown. Its probably not costing her a lot to vacation there.
300 points
Is it so hard for her to look after her own money? I really don't think I could trust someone to take care of my money unless they are my parents or my brother.
But I don't think she is broke at all
EXCATLY no one should know how your money is except you. Maybe she just got caught up in the life and assumed someone would take care of that for her.
lol....If Spencer & Heidi can make 3 millions, I can't see how Rihanna could be broke.
this story remind me of Toni Braxton. Nobody believe she was going broke, but she went on Oprah and admitted that she was in debt and that she had to sell everything.
1375 points
If someone gave me a New Blue Land Rover, I'd still be broke!
Stranger things have happened....
it was given to her as a birth day gift when she returned home some time after she won Grammy.
Well, if it's true, I'd sell all the designer clothing, jewelry, vacation homes, and buy a nice home, and be set for the rest of my life.
300 points
I'm not surprised at all. Gee Gee's right, good insight here and I guess Rihanna should have made a better contract or be a bit more interested in this side of the business in order to prevent being "shocked"
She also doesn't write the material. Though she is the voice, and image selling it. No surprise to me.. she doesn't have any money. That's why it's so important as an artist (Mariah Carey, Alicia Keys, Janet Jackson) that you're writing the material, or have a hand in it. That's what keeps the checks rolling in your account, instead of someone elses. It's not that glamorous afterall... huh?
Very good insight by lady gee. it is well known that the music industry is going through problems. For proof, look at usher's and mariah's latest albums. confessions sold 1 million copies the first week. here l stand only 446k,the first week. online and file sharing cuts down on that number, so for pure singers who don't write the songs, they can't make money for their publishing deals. However, money isn't the only sign of wealth, so if she has liquid assets, she isn't really broke!
Why doesn't she have an accountant to handle her finances? They would have put her straight in terms of what she can afford to spend. It's obvious that she owes no-one, but she needs to keep some of it back for rainy days. But Def Jam is wrong, they are robbing her. They don't pay for anything and are still making money out of her. Just downright wrong.
Rihanna got paid 1mil to make 6 albums with def jam.do you guys think rihanna got paid.she was a nobody with a preety face so thats what she got.why do you think she is releasing albums after albums,its so that she can be out of that contract.
Knew it. I said on other bloggs that she'll in up back in the island fat and broke fishing for her dinner.
I just knew it!!!
Well, another one bites the dust.
you pathetic piece of you know what....for anyone to wish bad on someone else shows severe sign of jealousy...why be upset at someone for trying to accomplish their dream because you choose not to?............there is more to life than hating go get a clue..........people would rather work against each other than with thats why the world is the way it is a bunch of cannibals.........................just plain disgusting...
This is what happens when you talk slick about other artist when YOU yourself sing like you're a goat whisperer & dance like you just discovered you had feet.
LMMFAO! Stop trying to keep up with the Joneses or in your simple azz case.. the Knowleses :-D
this is what happens when you are afraid to step out of your box and live your life for yourself and no one else.....................when you wish to be like others but you cant and never will because you hate yourself................self love gives the power to do anything possible when you dont have that....laughing my ass off ....one will end up like you.hsahahahahahah
I love youuuuuuuuuuu RIhanna, I will you, and I hope you aren't broke.......I have cried for you...........you will have my help if you want, I'm your Fan Number !................................COlombia loves you RIRI!
To: This is Predictable:
You need hooked on phonics, do you realize you need to edit your writings before hitting send?
Please review your paragraph where you said, the girl CAN sing, dance or perform, she just looks good.
Well thanks for your support, I'm glad the truth slipped out of your fingers, cause the lies were stuck on your lips. The girl can sing, dance and perform well, and YES, she does look good. HA< HA! So leave New York Major alone to make her own mistakes if she wants. You ain't no gossipist, so quit with the full page reports.
To: This is unpredictable
Quit dissen New York Major
cause you need hooked on phonics too,
is it me or did you make a typo in your paragraph about The girl can sing, dance or peform well , she just looks good?
And by the way, if your not a publisher, quit with the full page editorials.
This is so predictable of you to make errors. tisk, tisk, leave it to the majors.
I greatest wish for her is that she bounces back from this.
Hello everyone, to me it's kind of sad how some celebrities waste their big money that they are blessed to make to endup with nothing and humiliated, RiHANNA after having 100'S of sold out concerts all over the world and selling millions and millions of CDS plus having many six-figures cosmetics contracts, RiHANNA iS BROKE everybody with only $20,000 left in her bank account, it's the classic case of spending more money than the money you make, i hope she has another hit to recuperate some money, because to be broke is bad BUT to be broke and famous i think is the worst...CARLOS
remove this..a statement was hust released that it was false:
‘Ri Ri’s not broke’
TALK OF Rihanna being broke has been dismissed as nothing more than “just another rumour” by family members, in Barbados. Stories have been appearing on several international websites and blogs that the Barbadian-born superstar only has US$20 000 left in the bank.
The information was brought to the public by a Patricia Williams, who claimed to be Rihanna’s business manager who was fired by the Grammy-winning songbird. (Read full article)
Source: Barbados Nation News @ August 22nd & 23rd 2008
Rihanna Deserves Privacy
THERE HAVE BEEN numerous calls by people in our society to find ways to honour Rihanna on her international success. Some have called for us to erect structures, others have suggested placing her image at the airport.
I believe that the best way to honour this hardworking young woman is to give her, and any guests she brings along with her, privacy. When all of us come home from work we don’t like to think our neighbours are spying on us, and furthermore at times we even desire privacy from the others sharing our homes.
So instead of local photographers patterning themselves after the paparazzi, we should respect Rihanna’s need for privacy – something we all require.
‘Ri Ri’s not broke’
TALK OF Rihanna being broke has been dismissed as nothing more than “just another rumour” by family members, in Barbados. Stories have been appearing on several international websites and blogs that the Barbadian-born superstar only has US$20 000 left in the bank.
The information was brought to the public by a Patricia Williams, who claimed to be Rihanna’s business manager who was fired by the Grammy-winning songbird.
The blogs read that Williams was fired after Rihanna discovered there was only US$20 000 in her bank account. The story was first published on Page Six, an on-line edition of the New York Post, from which Williams said she was fired “for no good reason, all in ignorance” and is “livid” with Rihanna and her management company Rebel One’s decision to fire her.
“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?
“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, 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,” she said.
“Since 2005, Rihanna has been sponsored by the likes of JC Penny, Samsung, CoverGirl, Secret, Venus Breeze [and so on], and has gone on two major tours, most recently . . . Kanye West’s Glow in the Dark tour.”
Williams said close to $750 000 was spent on the most recent video and single Disturbia, and that Rihanna made “a little bit above a million” and “all of it was spent on making her as big as she is now”.
A family member told the SATURDAY SUN these types of rumours come with the territory.
“We never addressed rumours in the past and we are not going to start now,” said the member of Rihanna’s family.
remove this..a statement was hust released that it was false:
‘Ri Ri’s not broke’
TALK OF Rihanna being broke has been dismissed as nothing more than “just another rumour” by family members, in Barbados. Stories have been appearing on several international websites and blogs that the Barbadian-born superstar only has US$20 000 left in the bank.
The information was brought to the public by a Patricia Williams, who claimed to be Rihanna’s business manager who was fired by the Grammy-winning songbird. (Read full article)
Source: Barbados Nation News @ August 22nd & 23rd 2008
Rihanna Deserves Privacy
THERE HAVE BEEN numerous calls by people in our society to find ways to honour Rihanna on her international success. Some have called for us to erect structures, others have suggested placing her image at the airport.
I believe that the best way to honour this hardworking young woman is to give her, and any guests she brings along with her, privacy. When all of us come home from work we don’t like to think our neighbours are spying on us, and furthermore at times we even desire privacy from the others sharing our homes.
So instead of local photographers patterning themselves after the paparazzi, we should respect Rihanna’s need for privacy – something we all require.
‘Ri Ri’s not broke’
TALK OF Rihanna being broke has been dismissed as nothing more than “just another rumour” by family members, in Barbados. Stories have been appearing on several international websites and blogs that the Barbadian-born superstar only has US$20 000 left in the bank.
The information was brought to the public by a Patricia Williams, who claimed to be Rihanna’s business manager who was fired by the Grammy-winning songbird.
The blogs read that Williams was fired after Rihanna discovered there was only US$20 000 in her bank account. The story was first published on Page Six, an on-line edition of the New York Post, from which Williams said she was fired “for no good reason, all in ignorance” and is “livid” with Rihanna and her management company Rebel One’s decision to fire her.
“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?
“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, 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,” she said.
“Since 2005, Rihanna has been sponsored by the likes of JC Penny, Samsung, CoverGirl, Secret, Venus Breeze [and so on], and has gone on two major tours, most recently . . . Kanye West’s Glow in the Dark tour.”
Williams said close to $750 000 was spent on the most recent video and single Disturbia, and that Rihanna made “a little bit above a million” and “all of it was spent on making her as big as she is now”.
A family member told the SATURDAY SUN these types of rumours come with the territory.
“We never addressed rumours in the past and we are not going to start now,” said the member of Rihanna’s family.
omg I am not shock you only see her shopping and going to expenive hit and partying...supertar Haha you know its true because believe me she would be all like no its not true if it wasn't.... but it won't be forever because she is making some money now... i am sure at a point it wasn't that bad...but she is still raking it in....and still trying to live it up and what not....she is only 20 she is doing pretty well.
************************************
THIS IS 100% FAKE
An interview with The Edge radio asked Rihanna this and she CLEARLY stated she has NO idea what they are talking about and is laughing at it!
She doesn't even KNOW a Patricia Williams and she said "With a lifestyle mine, how would I be able to manage on only 20,000?"
Duh.
************************************
as a business major..she would see more money if she started her own label..I mean that's bascially what she's doing by financing her own singles and videos anyway. Plus...record labels get about 3 to 4 dollars per album sold while the artist only collects anywhere between .20 to .40 cents per album sold...most money is made by touring
I THINK rahianna is broke because she goes on vacation 2 her home town and she is buying 2 much clothes and jewerly for chris brown on the radio they said they spent 10 grand on each other. and she shop 2 much!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
she is not broke at all THE GOVERNMENT OF BARBADOS has made her an AMBASSADOR she gets a monthly salary has been given free DIAMONDS from Colombian Emeralds International many expensive gifts load of clothes from the worlds best designers LAND IN AWELL TO DO AREA ON THE ISLAND ,SO STOP HATIN ON HER AND PAY YOUR BILLS.Wish the best for people and God will bless you
i think rihanna is just young and stupid spending $6000+ on a stupid gladiator heals. girl i think you need some sort of money management advce. if you google rihanna you would see that her mother is said to be an accountant. now many stars have use their parents as their guiding light toward their career as to how and when their money is being spent. rihanna needs to get a life and get her mother in it. for heavens name she's an account. how can an accountant and a store supervisor's daughter who is a star be broke. grow up rihanna gro up
This is aload of lies. Rihanna makes thousands every day and she has her own umbrella line, she is in talks over oa fashion line this year, She will neva be broke she could live off the money she made from umbrella alone!!
Why doesnt she add her name to the writing credits of all her songs like Beyonce does.. that way she will make a cut from all the royalties made from her songs being played on radio etc....
She may not like Beyonce but why not learn from her .....
Rihanna must be so dumb........
All you singers out there could learn a thing or two from Beyonce's old man about making money...... he taught his baby well...
add your name to the writing credits... these people want Beyonce to sing their songs so they can make money from them, so 1/2 or 1/3rd is better than nothing and Beyonce gets payed for a song she never wrote.. everyones happy...
Poor Rihanna. No matter how much money some one has it is not an invaitation to steal from them.
if this is true JayZ need to go f**k himself ....
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I am a high school math teacher-I hear all the time "I dont need school I'm gonna be a famous rapper" so the famous rappers dont know squat about math and they end up broke. Ha ha I say.
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beauty!!!!good looking
RIHANNA PERFUME LINE SHOULD BE CALLED BLACK.
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