Rumor : Rihanna Going Broke

Would explain why shes' wearing those kind of clothes and it's no surprises many artists has made million to get screwed up after or spend too much money...Tlc...etc. I did wonder why she never invested in getting a proper home either in barbados or even up here at least if she stops singing she'll have a roof...a car you know? but those youngings *humph*

but why do you NEED to put people's business for?

Rihanna's now ex-business manager Patricia Willliams has been recently fired as she recalls "for no good reason, all in ignorance" and is "livid" with Rihanna & her management company Rebel One's decision to axe her.Patricia Williams, who was recently released from her duties as Rihanna's accountant, tell all to New York's Page Six revealing that the singer is broke, check out the report: Rihanna's now ex-business manager

“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 of “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.”

“Since 2005, Rihanna has been sponsored by the likes of JC Penny, Samsung, CoverGirl, Secret, Venus Breeze etc, and has gone on two major tours, most recently label-mate Kanye West’s “Glow in the Dark” Tour and with ***** Cat Dolls across Europe. 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.”

“Her record label Def Jam has put out 3 albums in a time span of 2 years. A lot of that was orchestrated through her management Rebel One. It was never Def Jam’s intention to release so many albums back-to-back but Marc Jordan found loop holes and ways to make it happen. A lot of the money Rihanna made was through her endorsements between CoverGirl cosmetics, Samsung.. Notice that majority of Rihanna’s videos have a cell phone in it?”

“After the release of Rihanna and Teairra Mari, Def Jam had the intention to drop both acts because their album sales were not successful. Her manager fought to get “S.O.S (Rescue Me)” and quickly tried to negotiate with as many companies as possible. Nike picked up the song and funded a video.”

“This brought the hype back for Rihanna in the company’s New York office. The majority of the official ‘S.O.S’ video was funded by Samsung because the record label was only willing to put up a small amount. Once ‘S.O.S’ picked up digitally and at radio, Def Jam agreed to fund the rest of her album. Jordan instantly got a video shot to ‘Unfaithful’ (he negotiated with video director Anthony Mandler to drop his price and would be given more videos from Rihanna in return).”

“Then they shot ‘We Ride’ which was an extremely cheap video to create. ‘Break It Off’ was released as a third album, but again, Def Jam was unhappy with the sales of her album A Girl Like Me and refused to shoot a video.”

“At this point Rihanna was opening up for the ***** Cat Doll’s in Europe. She was making 30,000 a show but she didn’t see any of that money because it was needed to fund her next album.” Which is now known to the greater public as a Good Girl Gone Bad.”

“The song “Umbrella” was found & Jordan fought again for Rihanna to have it. They shot the video, which CoverGirl funded half of, and the song became a success. When the record label had their meeting with Music Stores across the U.S to order her album for shipment, the number’s weren’t coming in the way that they expected.”

“When the album’s first week numbers came in at less than 150,000, the label was shocked. Def Jam’s President LA Reid was livid! “Umbrella” was #1 for 11 weeks! Any other artist would have sold way more first week. T-Pain even did better in sales than her that week. Def Jam told Jordan they were no longer funding the album, so Jordan needed money again to pay for music videos ‘Shut Up & Drive’ and ‘Dont Stop The Music’. Almost 250,000 was spent to have those videos created. Plus, an additional 120,000 to shoot ‘Hate That I Love You’.”

“Jordan was noticing that ‘Dont Stop The Music’ was picking up, so he persuaded the label to support it at radio in the U.S and the remaining singles, and they did. 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?”

[killa]

damn it wouldn't surprise me that she's goin' broke although she is famous she's not all over like she used 2 b and her style has changed dramatically 2

[gifted chick]

i doubt it highly

[killa]

i dunno just look @ the way thingz b goin' this could all b a lie but 1 would wonder, there is usually sum truth 2 certain thingz ppl say

[MrCee]

I wonder what's really going on here

[Shana B]

no comment


i don have 20,000

[StrawBerry]

Kinda doubt it but its not impossible though.

[Mr. Marcus ™]

who would even believe something dumb like this ...

[Mz K]

the same one who didn't believe Tlc and all the other ones

I've added more info on what the person said


as far as i'm concerned only Jay-z was able to make the most out of def jam cause he's such a great business man and he had them in the palm of his hands...

[Mr. Marcus ™]

TLC was never broke broke ...
being broke for the rich and famous is not the same as being broke for us.

Its like Jermaine Dupree and MC Hammer ... they both filed for bankruptcy because they were "broke" ... and as you can see today they are both still very rich

In the music business royalties never die, you will always get a check consistently

[Mz K]

i know that no one said she was broke like us

hell 20 grand is still a lot more then what i have lol

Yes you do get a check keeping in mind that some people never invest...never buys houses etc etc...then what happens when you get that check is to pay whatever you already owe wich is living just like us just larger you know?

Why you think Jay-z, Dre Master p and them investing so much in other stuff, tv,clothes, headphones? cause they know music won't feed them for the rest of their lives...

If jay-z had to only stick to music he wouldn' t be half of the man he is today

But nonetheless we have enough to worry on our stuff then to worry about a next girl ne ways

[Mr. Marcus ™]

... true

[killa]

Originally Posted by Mz K

i know that no one said she was broke like us

hell 20 grand is still a lot more then what i have lol

Yes you do get a check keeping in mind that some people never invest...never buys houses etc etc...then what happens when you get that check is to pay whatever you already owe wich is living just like us just larger you know?

Why you think Jay-z, Dre Master p and them investing so much in other stuff, tv,clothes, headphones? cause they know music won't feed them for the rest of their lives...

If jay-z had to only stick to music he wouldn' t be half of the man he is today

But nonetheless we have enough to worry on our stuff then to worry about a next girl ne ways

good point and when they have all their richess they just go and blow it all

[agenteddie]

well i aint going doubt it but it go be sad if she just ha drop off just like that.

one reason i wouldnt doubt it was withing how much years she singing she been in too much different genres, like if she wasnt getting the feel in one so she had to try out a next one to see if there gonna be a better response.

all i hope is she dont just drop and go broke cause she young and hell she supposed to be caribbean

[Caribbean Royalty]

well she sure has been releasing s**t loads i mean 3 albums in two years I have been wondering where that money comes from. But I would definately use my own money to get my records out there because If i had an important message Id want everyone to hear it. However Rihanna's songs are not that incredible or do not seem to show high levels of sophistication and maturity.
It's not the quantity but the quality.
She needs to start acknowledging artists like Mary J Blidge and learn.