RIHANNA- NOT BROKE BUT NOT RICHAugust 20, 2008
I’m not into posting gossip or rumors since 99% of the time that shit is made up BUT I found this at one of the gossip sites and I know this to be true. If you’re an artist PLEASE read this below. This is the reality of being one of the biggest stars in the world in a post-downloading era and being signed to a major label.
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?”