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Hip Hop Forums => General Discussion => Topic started by: DaT NiGGa P-DuB on August 22, 2008, 03:00:16 PM

Title: RiHANNa is Broke??
Post by: DaT NiGGa P-DuB on August 22, 2008, 03:00:16 PM
'Why would I steal from Rihanna?'


Rihanna Photo: AFP


 
August 22, 2008

Rihanna reportedly fired her business manager after discovering she only has $20 000 (about R150 000) left in her bank account.

Patricia Williams claims she was recently "let go" after Rihanna accused her of stealing after discovering her pop fortune has all but disappeared.

Williams said: "It's not my fault that she only has $20 000 to her name. 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."

Rihanna's recent album Good Girl Gone Bad has sold an estimated five million copies worldwide and she has toured extensively across 

the US and Europe this year. 


Williams claims the 20-year-old singer's record label Def Jam and her manger Marc Jordan are to blame for her financial problems.

She is quoted by website blackarazzi.com as saying: "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."

http://www.tonight.co.za/index.php?fArticleId=4571950
Title: Re: RiHANNa is Broke??
Post by: Malcom E.K.K.S on August 22, 2008, 03:04:53 PM
This is sad...20 Gz...
Title: Re: RiHANNa is Broke??
Post by: General Ratzinger van Stilzkin on August 22, 2008, 03:06:25 PM
WHOOAAA!!!!!

maybe chris brown will front her a Milli
Title: Re: RiHANNa is Broke??
Post by: Soul Amazin' on August 22, 2008, 03:19:53 PM
sad very sad....
for how many millions did she insure her legs....a lil accident to them will get rid of her financial problems....
Title: Re: RiHANNa is Broke??
Post by: Malcom E.K.K.S on August 22, 2008, 03:24:02 PM
I guess its now time for Chris Brown to step his game up, or else she's gonna leave him for an older and richer dude, now this is an "SOS" situation :)
Title: Re: RiHANNa is Broke??
Post by: Mo'licious on August 22, 2008, 03:35:21 PM
^^^^^LMFAO ;D
Title: Re: RiHANNa is Broke??
Post by: ToXic Candy on August 22, 2008, 04:19:39 PM
Hayi wethu she will survive
She's not the first person to be bankrupt,a lot of musians hav gone through that,I gas it's one of the industry's most tough lesson to learn.
Title: Re: RiHANNa is Broke??
Post by: Malcom E.K.K.S on August 22, 2008, 04:35:54 PM
She might be broke, but she sure does have the body of a million bucks a night hooker, damn

(http://www.xarj.net/wp-content/uploads/2007/07/rihanna-picture.jpg)
Title: Re: RiHANNa is Broke??
Post by: Mad on August 22, 2008, 05:13:58 PM
nhaa i dont believe it
Title: Re: RiHANNa is Broke??
Post by: Dpleezy on August 22, 2008, 05:21:24 PM
what? does she only check her bank account once a year or something?!

she's set up with all kinds of deals and endorsements so she ain't gonna end up starving on the street.


Title: Re: RiHANNa is Broke??
Post by: Bashin on August 22, 2008, 05:36:17 PM
Broke ??Daym wit $20 000 inda bank ??..im sure She'll bounce back tho.
Title: Re: RiHANNa is Broke??
Post by: Mad on August 22, 2008, 09:17:01 PM
no ways the bitch aint broke, not in a million years, even if god wanted to, its impossible wena stop talking garbage here on ag just bcoz u want pplez attention with your stupid thread.  uyabhanxa sirhama sakho
Title: Re: RiHANNa is Broke??
Post by: Mad on August 22, 2008, 09:28:23 PM
shit i cant stop thinking about this swordsman kid, been trying to get over it but i cudnt sleep for days he shit is on my mind. damn!!!!Cant stop imaniging this crazy f*** coming through holding this sharp weapon saying nothing and facing foward and ready to kill and slice some bitch. damm i think im addicted to this kid, id do anything to meet him, i can even suck mandelas old and shrink dick just to see the kid......god damn why do pple have to be so cool? why lord why? this kid rocks his a rockstar. im signing him to goldmine records so that he can be my bodygaurd
Title: Re: RiHANNa is Broke??
Post by: Myth on August 22, 2008, 09:42:24 PM
you young man is an arse
Title: Re: RiHANNa is Broke??
Post by: The KWEDZA HOD on August 23, 2008, 07:59:34 PM
back to the Rihanna story.
Don't the have bank statements? Maybe show what she did with her cash.
Title: Re: RiHANNa is Broke??
Post by: Mega on August 23, 2008, 09:08:48 PM
How she allegedly went broke :o :o :o

“Her record label Def Jam has put out 3 albums in a time span of 2 years. Alot 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 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 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. 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 Pussycat 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 there 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 her 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?”

Williams states that Jordan, her publicist from well-respected public relations firm 42-West, Alicia Silverman has built alot of hype around Rihanna’s name but the singer has only made “a little bit above a million” and “all of it was spent on making her as big as she is now. It’s not my fault that she only has 20,000 to her name.“

Title: Re: RiHANNa is Broke??
Post by: Myth on August 23, 2008, 09:58:42 PM
i was ready to proclaim this story misleading and now this..

shocking!!!...y'all emcees betta get that degree. behind the glam...its tough.

cash where u at?
Title: Re: RiHANNa is Broke??
Post by: The KWEDZA HOD on August 23, 2008, 10:52:55 PM
Jowwe!!
This is sad, hope we all took tips from this story. Always go for what you can afford. I think she needs a prayer.