Pop star Rihanna has accepted a court settlement of $10m (£6m) from an accountant whose advice left her ‘effectively bankrupt’.
The 25-year-old singer – real name Robyn Fenty – sued accountant Peter Gounis and the firm Berdon LLP for gross financial mismanagement.
Gounis and Berdon had advised Ms Fenty in 2009 to buy a mansion in the upmarket Beverley Hills area of LA.
However, after the purchase was made, it was discovered that the house was virtually inhabitable due to leaks, mould and general disrepair, forcing Ms Fenty to sell for a $9m loss.
Goudis’ case was based on the fact that Rihanna was unduly reckless with her finances and that this was more to blame for her financial troubles than his advice. During the trial, Mr Goudis told the Daily News:
“At the core of her claim is this belief: someone else is responsible for her conduct and its consequences.”
However, the court papers said:
“Mr Gounis was fully apprised of Ms Fenty’s financial condition, yet, nonetheless, failed to advise her that the purchase would be unwise.”
To date, Rihanna has released seven albums, performed three world tours, sold 50 million albums and 180 million singles. In 2013 she earned a combined total of $82m (£49m).