A new report and court documents shows that Rihanna was effectively bankrupt by the end of 2009 after bad financial advice from her accountant.

Her financial advisors approved a request to buy a $7.5mil. home but neglected to tell her that she wasn’t making any money on her “Last Girl on The World” tour.

She had to sell the house with a $2mil loss just to have money in the bank.

Rihanna eventually bounced back and since then is not worth $43mil.

Photo Credit: Getty Images