Rihanna: "Good Girl Gone BROKE!"

Word on the street (according to Blackarazzi) is that Rihanna has $20,000 to her name, and she had to fire her business-manager, Patricia Williams, due to lack of funds. Williams is livid with Rihanna and her management's decision to let her go. This decision came to a head recently, when the two sat down to go over Rihanna's funds, and she realized how little she had left. Rihanna immediately accused Williams of stealing from her, and called her rude and obscene names. According to Williams, the truth of the matter is that Rihanna is a "singles" artist. She sells singles, but not albums. Because of this, all the funds she makes from sales, tours and various endorsements (Venus Breeze, Cover Girl, Samsung, JC Penny, Secret, etc) goes straight to funding for her albums and videos. Rihanna sees little to none of the profits from all those endeavors. That, mixed with her habit for shopping and lavish trips, most likely resulted in her unravelling. According to Williams:

“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?” She continues, “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 Pussy 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.

Wow y'all... I never would have guessed. This is why you should never sign anything without a lawyer, and you should ALWAYS read the fine print. Ya girl Rhi-Rhi got jerked. Fa shizzle!