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From ex-manager: Rihanna in need of a wider financial "Umbrella," ella, ella, eh eh eh...

6:12 PM Wed, Aug 20, 2008 |  | 
Lorrie Irby Jackson   E-mail   News tips


....if the reports circulating the web are correct. Apparently, Rihanna's now ex-business manager, Patricia Willliams, says that Rihanna is blaming her for mismanaging funds when it's her own fault for not checking her label and the fine print.

MS. Williams, who says that she was terminated "for no good reason, all in ignorance" and is "livid" with Rihanna & her management company Rebel One's decision, disclosed that 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.

Want some eye-popping details? read on....


(abridged version, the orignal was a novel, trust me)

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...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."

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 .... 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?"

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....Once 'S.O.S' picked up digitally and at radio, Def Jam agreed to fund the rest of her album. ...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'."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 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! 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 he persuaded the label to support it at radio in the U.S and the remaining singles.

"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 ... 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."



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