Monday, August 18, 2008

Is She Really Broke?

LiveDaily.Com is reporting:
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

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.According to our insider the Pop Singer is down to $20,000 dollars in her Account.Rihanna recently met with Willliams to check on her accounting affairs and was shocked to see that almost all her money was missing. She instantly accused Willliams of "stealing her money.""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 PussyCat 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."

6 comments:

Anonymous said...

I can believe it. She's all marketing. She takes great pictures and has a cool sense of style but her albums have been re-released not because they sold like hotcakes first time out, but to make there money back. It took a year almost for her last CD to go plat. And they re-released it to make the money back they put in her marketing plus to just to keep her out there in the public eye period.

Miami Mami said...

i think her next album will really sell i think people are finally thinking of her as a real "artist"

Anonymous said...

how this bish get all these albums in 3 years adn a rerelease and like 7 singles that prob all did top 10 and she can barely sell a millie is beyond me.

and i can believe the story bc she has no control. we all know tjhat. neyo made more off her album than she did

Mikey McFly™ said...

Rough business...

Anonymous said...

i believe this story. only jayz, kanye, jeezy, and mariah are happy with defjam. if an artist has to pay out of pocket for their own videos and album productions cost they will definately be broke.

Paul said...

The Indie labels are knocking at the door now