Rihanna Former Accountant Patricia Willliams Tells All:Rihanna Almost Broke? – Rihanna‘s ex-accountant and business manager Patricia Willliams is revealing that the singer is almost broke with only 20,000 dollars on her bank account.Patricia Williams, who was recently fired for allegedly stealing from the singer did a long interview with the New York Post where she said:
“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.”
According to Willliams, Marc Jordan, manager and owner of Rebel One Management was 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. Unfortunately, he didn’t inform his client and I’m receiving the brunt of it.
She added:
“Why is Def Jam lacking in funding support for there act? Why was so much money spent? How much exactly?
“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 Pussy 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’.”
She also revealed:
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 concluded by:
It’s not my fault that she only has 20,000 to her name.”
rihanna only worth freaking 20,000 dollars. ha!
rihanna, that dumb ass janet jackson-beyonce wannabe. no wonder she only worth 20,000 dollas. plz. she got problems. first of all she worthless. second,she a goldigger.third,she need some anger management classes.and las but not least, the ho got a big fohead.
WOW!! She really put her business out there. Well at least now she can mooch off of Chris Brown
That is completely unethical for her to discuss her personal business in public. I would not use Patricia Williams and I think she just did a fine job killing her own reputation. Any existing clients should not feel safe with this professional (eh,hum..lack their of) handling their books.
My question is, “So why did she go to Rihanna in detail with her financial status when it was only down to $20,000 and not before if she saw the trend in bad management? She saw the spiral occurring and didn’t enlighten her as to what was going on along the way….something is not right. If her excuse is, ‘it wasn’t her place [then], then it certainly isn’t her place now. Patricia kept her mouth shut to make her money until she realized she wouldn’t be able to make it anymore, because essentially, now, there is no money in the books to manage.
If she has any sense, she would ask to have this article pulled, but now it is too late, right?!
For all of you people who aren’t aware…there has been constant talks about Rihanna’s poor album sales since her very first single. She is the reason Tiera Marie was dropped. Rihanna was to replace her, the only problem was she’s equally as useless and untalented. I would never buy her single, let alone an entire album. I don’t know what they thought they could do with this girl, but they need to send her on the next think smoking back to Barbados.I’ll fund the ticket! They have tried to change her image countless times, but to no avail. She was initially representing her culture/nationality, that flopped, and then she turns into Miss Innocent. They attempted to make her look similar to that of a true talent, Beyonce. When that didn’t pan out, they revamp her into some pop-punk rockish something. Who knows.This information is no secret to anyone has been following her career. She dropped three unsuccesful back-to-back albums. She’s the only black female teeny-bop artist around right now, but when someone else is brought into the light, I’m positive she’ll vanish from the music scene for good. Finally. Let a real artist step forward! If she’s really pregnant by CB, she better ride that meal ticket because she’s done for real
well,all ive got 2say is leave chris alone u aint worth him!!!!peac…..
Rahanna is one of my best female musician.if she is having problem with chris, i am ready to take her and make her happy.she is good and nice to me,even due she is having problem in her music job and she just worth $20,000 due some careless problem.my prayer is for God to 4give her if she have done something wrong to be having problem like this.one day it will be better for rahanna.+2348060882408
this is just crazy,she is ONE OF THE BIGGEST STARS IN THE WORLD and she worth that only sorry i just cant belive it and by the way IN THE WORL MUSIC AWARD for best selling female artist topping shakira and beyonce so stop saying she cant sell and try ro make look unseccessful cuz she’s THE SHIT
and she just bought a 10 million dollar hous in L.A so shut up bitch ,your 15 minut of fame r done
ihanna, that dumb a** janet jackson-beyonce wannabe. no wonder she only worth 20,000 dollas. plz. she got problems. first of all she worthless. second,she a goldigger.third,she need some anger management classes.and las but not least, the ho got a big fohead.
You are a looser. She is trying her best you just sit on your behind doing nothing.
i do not believe one word. somebody is trying very hard to d[scredit & destroy. whatever happens good will prevail over evil. she may be some wannabee from b’dos to some of you, but reality is you all know of her fame & power. you will be seeing her for a long time to come.
A bright and talented beauty,from small barbados,taking on big america and the entire world,how many out there can venture this,if her staffs don’t know the job?then she must dump them,george michael also fell victim to sony along time ago, even though,he’s home grown,these guys must be closely watched.Rihanna is outstanding and simply the best,way to go girl.