R Kelly Net Worth
R. Kelly is a multi-talented entertainer from the United States. As of 2013, R Kelly’s net worth was a meagre $2,000,000. When he was at his pinnacle, Kelly’s net worth was likely in the tens of millions, perhaps even $100 million. In April 2020, Kelly confessed to a judge that he owed over $1.9 million to the IRS alone in order to be freed from jail.
Childhood And Early Career
On 8 January 1967, Robert Sylvester Kelly was born in Chicago’s South Side. Performing as a subway musician led him to drop out of high school and pursue a career in music. When he won $100,000 on the TV talent competition Big Break, he got his big break. “Born into the 90s” by Kelly and Public Announcement was published by Jive Records in 1993.
R. Kelly’s solo debut, “12 Play,” was released in November 1993. “Bump n’ Grind” was significantly responsible for the album’s six-time platinum certification.
Meanwhile, Kelly started working as a song producer for other musicians. Aaliyah’s debut album was produced and written entirely by him.
His album “R. Kelly,” released in 1995, sold over 4 million copies worldwide. His song “I Believe I Can Fly” went to number one and won three Grammy Awards soon after. As well as a multi-part hip-hop opera, Trapped in the Closet, which he broadcast to radio stations in short instalments, Kelly published several multi-platinum albums in the 2000s. Finally, in the spring of that year, the entire was revealed to the general public.
A total of 14 studio albums, five compilation albums, and three collaborations have been released by R Kelly. Beyond his Grammys, Kelly has received scores of other honors, such as the American Music Awards (AMAs), the BET Award, and numerous Billboard Music Awards. He released “Black Panties” in 2013 and “The Buffet” in 2015, his most recent albums. A total of 12 official world tours, spanning from 1994 to 2013, have also included him.
Despite the fact that the marriage was later annulled, Kelly married Aaliyah in 1994. Following their divorce in 2009 and the birth of three children, he married Andrea Lee in 1996, and the couple had three children together.
R Kelly’s music career has been plagued by controversy. he was arrested and accused of having sex with a minor by a police officer. All 14 allegations against him were finally dropped.
An Unrecoverable Fortune
R. Kelly’s net worth might have easily reached $50-100 million if he hadn’t had any legal issues. It’s been reported that Kelly has paid out tens of millions of dollars to settle a slew of lawsuits brought by women who claimed the singer had sexually abused them. After divorcing Andrea Lee, his wife from 1996-2009, during the most prosperous years of his career, Kelly reportedly lost a significant chunk of his financial worth.
Kelly owes $5 million in past taxes, which were discovered in 2012. After failing to pay the mortgage on his Chicago house since 2010, he was foreclosed upon in 2013. For not paying over $30,000 in unpaid rent and taxes, he was kicked out of two Atlanta-area properties in 2018. As recently as a few of years ago, he was renting out a townhouse in Trump Tower in Chicago.
Financial And Legal Crisis
R. Kelly responded to several of the charges against him in a 19-minute song he put on Spotify in July of last year. Kelly sings in this song about being broke and having to go on tour “just to pay rent”. He has also admitted that he owed the IRS $20 million at one point and was compelled to borrow several million dollars from his record company in order to pay his obligations.
As a result of his controversial statements, he is unable to play in many countries outside of the United States, and protesters frequently prevent him from performing in the United States. In addition, Spotify and other streaming sites have removed his tracks from their public playlists. Songs by this artist will not appear in Discover Weekly or any other Spotify-curated playlists or radio channels, although they can still be streamed directly from their own personal accounts on the service if they like.
After receiving information that R. Kelly’s music studio had been subjected to several unpermitted alterations, Chicago building inspectors were given permission to check it in January 2019. R. Kelly has been renting the studio since 2017, not owning it. This property was actually for sale for $4 million at the time of our examination. At the same time, R. Kelly was being sued by the building owner for unpaid rent. He had not paid $23,000 per month for seven months, according to the lawsuit. At the time of the filing, he owed the landlord $167,000 in back rent.
Record company RCA/Sony announced on January 14 that it was halting all of R. Kelly’s upcoming music releases, preventing him from making any more money. His contract with RCA/Sony requires him to release two more albums. RCA/Sony is also refusing to fund new music videos, which is a shame. Since Kelly has not been convicted of any crime, the label is in a difficult situation. Legally, firing him and withholding money based on allegations would be difficult. If he has a “morals clause” in his contract, RCA/Sony may be able to get out of the pact.
R. Kelly was taken into custody on a new set of charges at the end of February 2019. He was free on a $100,000 cash bond, although the judge had placed his bail at $1 million. Kelly, on the other hand, was so strapped for funds that it took him a few days to come up with the cash. A woman named Valencia Love, whose link to R. Kelly remains obscure, reportedly donated the $100,000. Andrea, Kelly’s ex-wife, filed a lawsuit for $160,000 in unpaid child support while he was in jail.