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Wednesday, February 3, 2016

Singer's bank balance takes a battering as she's left with with just £265k in profits

Money woes ... Rita was left with just £262k in her accountRITA ORA doesn’t need to start searching down the back of her sofa just yet but her finances certainly aren’t looking as healthy as they were a year ago.
The X Factor judge could be paying the price for a continued lack of new music. Money woes ... Rita was left with just £262k in her account Splash News
Her company Ora Multi Services ended up with just £265,457 profit in the 12 months to April 2015 compared with £1.3million a year earlier. That’s the last thing she needs with her record label Roc Nation suing her for £1.6million.
A source said: “Not releasing music for nearly four years has had an effect on Rita’s bank balance.
“She hasn’t been able to hit the road, which is where most artists make their biggest bucks. She’s still yet to follow up her 2012 album Ora. But the figure doesn’t include her
X Factor fee, which would have been at least six figures.”
Washed up? ... Rita Ora tries to forget her money woes on relaxing hol Fame Flynet
I revealed how Rita earned £2.5million last year due to a string of lucrative TV, fashion and movie deals, including her role in Fifty Shades Of Grey.
She’ll be on the up again in no time.
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