While Rihanna and Nicki Minaj have both made it big as this year’s AMA Favorite Female Artist nominees, Go Banking Rates expert contributor investigates the financial backgrounds of these American Music Award favorites, and identifies which pop songstress will likely wind up in debt first.
EL SEGUNDO, CA, November 18, 2012 – The 2012 American Music Awards is bringing the nation's most popular entertainers under one roof, with die-hard fans are anxiously awaiting a night of amazing red carpet moments and exciting performances. To pay tribute to this heralded event, Go Banking Rates assesses the financial portfolios of Nicki Minaj and Rihanna to reveal which performer’s finances are headed downhill.
Both Nicki Minaj and Rihanna have been nominated for multiple awards, including one category they share -- Favorite Female Artist (Pop/Rock). These two women are undoubtedly at the top of their game, having sold millions of albums, respectively. But with the millions of dollars made over the course of their careers, how likely are they to hold onto what's in their savings accounts?
Rihanna
As of May 2012, Forbes estimated Rihanna’s net worth at $56 million. A lot of her money has come from album sales, which according to Def Jam has soared above 100 million over the course of her career.
But along with this success, Rihanna was plagued with continuous lawsuits, for example, the case brought against her accountants blaming them for tens of millions of dollars in losses as a result of bad bookkeeping and failure to prevent spending during a 2009 tour.
But Rihanna isn’t the only one surrounded in controversy.
Nicki Minaj
Nicki Minaj’s net worth has been unofficially estimated at $14 million, largely thanks to millions in album sales and one single, "Super Bass," being certified quadruple-platinum by the RIAA, and her endorsement deals through Adidas, MAC Cosmetics and Pepsi.
However, eyebrows raised after her hometown of Trinidad sacrificed regional community funds to pay her $825,000 for a performance.
Both artists are clearly in hot water due to financial issues, thus far, only one is likely to end up on the list of broke celebrities.
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