The $9,000,000 Rihanna Scam That Will Make Your Blood Boil

The scam was allegedly a trap set by her financial advisors to embezzle $9 Million from her.

The $9,000,000 Rihanna Scam That Will Make Your Blood Boil

SUMMARY

  • Rihanna rose to fame in 2005 when she was only 16 years old and migrated to the US from Barbados.
  • She was scammed by her accountants during her rise in the industry for $9 Million.
  • It was revealed that she was made to buy an inhabitable property by her accountants almost leading her to ruin.
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Celebs are always defined by the fans who can recognize them from a mile away or the sheer amount of financial resources that they have at their disposal. When we talk about the music industry, there are a lot of stars like the celebs mentioned above, but Rihanna may be at the top of that list among others.

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Rihanna
Rihanna

Being one of the most commercially and critically successful singers of all time doesn’t necessarily mean that you’ll be having a cushy life. On the contrary, it might just prove harder to maintain yourself when you’re in that position, especially financially. The musician learned this the hard way when she was scammed for $9 Million when she was still a teen pop star in the industry.

How Rihanna Was Scammed For Millions By Her Accountants

Rihanna in a still from her music video If It's Lovin' That You Want
Rihanna in a still from her music video If It’s Lovin’ That You Want

Being a celebrity can be quite a challenging task even for those who have received fame and fortune when they’re already full-grown adults, so think about what kind of difficulties these young teenage stars in the entertainment business would have to go through. Rihanna was an upcoming star in the music scene since the age of 16, which is why she almost faced financial ruin at the hands of her accountants.

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Since she was a non-native of The US, she came to the States from her home country of Barbados when she was discovered by American producer Evan Rodgers. With her songs becoming smashing hits one after the other, she gained both tremendous fame and fortune with little knowledge about what to do with them, especially the fortune.

Thus, she put all her trust in her accountants when she hired them to take care of her finances. But instead of proving good on her trust, they decided to swindle her hard-earned money. In 2014. when the Love The Way You Lie singer sued them for scamming her of her money, it was revealed that they had once made her buy property as a financial asset.

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Little did she know that the property was absolutely inhabitable, which prompted her to sell it for a $2 Million loss, incurring a total loss of $9 Million in the process. This was still in the early days of her career, and especially around the time she was somewhat struggling with her finances, which makes it even more appalling to know.

You may also like: James Cameron Predicted the Downfall of Rihanna’s “Ridiculous” Franchise Film Even Before It Hit Theatres: “This is pure desperation”

What’s Rihanna Upto Today?

A still from Savage X Fenty Lingerie Show
A still from Savage X Fenty Lingerie Show

Despite her chart-topping superhits from her albums, collaborations, and singles that she has put out all these years, Rihanna decided to take a long break from her music career in the past.

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You may also like: “She had seen me in something”: Despite Starring in Star Wars and Marvel, Mads Mikkelsen Got His Kids’ Respect After His Music Video With Rihanna

After her last album in 2016, titled Anti, the nine-time Grammy Award-winning singer and musician took her break from the industry indefinitely, only returning in the 2022 MCU film Black Panther: Wakanda Forever with her single Lift Me Up. Apart from that, she’s now solely focusing on her Fenty brand of collaborative creations with Puma and Savage for the foreseeable future.

Source: Page Six

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Written by Deepak Bisht

Articles Published: 1392

Deepak Bisht is a writer at FandomWire who has vast expertise in films of many genres, a hardcore anime nerd along with two years of writing experience. After completing his Bachelor's in Business Administration, he became part of the company in hopes of providing accurate, informative, and exciting articles to the world.

Apart from his contributions to FandomWire, the rest of his time is spent either reading quality works of literature, listening to vintage music, or playing any video games he can get his hands on.