R. Kelly is a multi-talented American artist. In 2013, R Kelly’s net worth was meager $2 million. When he was at his peak, Kelly’s net worth could reach $100 million. In April 2020, Kelly confessed to a judge that he owed more than $1.9 million to the IRS alone to be released from prison.
Early life and early career:
On January 8, 1967, Robert Sylvester Kelly was born in the South End of Chicago. Underground musicians were his only source of income. When he won $100,000 on the Big Break TV talent show, he got his big break. By the time Public Announcement released “Born into the 90s” in 1993, Kelly had signed to Jive Records.
R Kelly net worth:
R. Kelly is one of the greatest R&B and Hip-Hop artists of all time and one of the most successful artists of this generation. Due to the charges against him, Kelly has lost his entire fortune and is currently in a negative situation. $2 million position.
There have been numerous lawsuits against Kelly which has caused her to lose every penny of her fortune due to her numerous sexual offenses. Kelly paid millions of dollars in legal fees, court costs and settlements to all of the victims. He recently paid $1 million to secure his bail. That explains why he’s not wearing anything.
|Net value :||-2 million dollars|
|Date of Birth:||January 8, 1967 (55 years old)|
|Height:||6 ft (1.854 m)|
|Job:||Singer, Record producer, Songwriter, Singer-songwriter, Music video director, Actor, Musician, Music director, Multi-instrumentalist, Rapper|
|Nationality:||united states of america|
R. Kelly’s first solo album, “12 Play”, was released in November 1993. The album went on to be certified six times platinum, thanks in large part to the single “Bump n’ Grind.”.
During the same period, Kelly began working as a record producer. Aaliyah’s debut album was produced and written entirely by him.
Four million copies of “R. Kelly” were sold by him in 1995. It didn’t take him long to top the charts with “I Believe I Can Fly,” which ended up winning three Grammys. With numerous platinum albums and Trapped in the Closet: A Hip Hop Opera for Radio Stations, Kelly dominated the hip-hop scene of the 2000s. In the spring of 2010, the final part was released to the general public.
R Kelly has fourteen studio albums to his name, in addition to five compilations and three joint ventures. Kelly has received many other honors besides the Grammys, including numerous AMAs, a BET Award, and a host of Billboard Awards. He released his latest albums “Black Panties” and “The Buffet” in 2013 and 2015. In addition, from 1994 to 2013 he participated in 12 official world tours.
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Controversies and personality:
Despite the marriage being later called off, Kelly married Aaliyah in 1994. Before divorcing in 2009, he married Andrea Lee, a professional dancer, and they had three children together.
It’s no secret that R Kelly’s career has been marred by controversy. he was arrested and accused of having sex with a minor by a police officer. Ultimately, he was found not guilty of each of the 14 allegations against him.
A fortune lost:
A man of $50 million to $100 million, R. Kelly’s fortune could have been much higher had he not been embroiled in legal troubles. Kelly reportedly paid tens of millions of dollars to settle dozens of lawsuits brought by women alleging the singer sexually assaulted them over the years. After divorcing Andrea Lee, his wife from 1996 to 2009, during the most prosperous years of his career, Kelly reportedly lost a significant amount of his financial worth.
Unpaid taxes dating back seven years were discovered in 2012 and Kelly owes $5 million. After failing to pay the mortgage on his Chicago home since 2010, he was foreclosed on in 2013. He was evicted from two Atlanta-area properties in 2018 after failing to pay more than $30,000 in rent and unpaid fees. Just a few years ago, he was renting a townhouse in Trump Tower in Chicago.
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Financial and legal issues:
A 19-minute song that R. Kelly posted on Spotify in July 2018 addresses several of the allegations made against him. Kelly sings in this song that she’s broke and has to go on tour “just to pay the rent”. His record label also admits to loaning him several million dollars to pay his expenses after he owes the IRS $20 million.
He faces additional financial difficulties due to his past controversy, which prevents him from touring in many other countries, and because protesters frequently prevent him from performing in the United States. As a result, Spotify and other streaming platforms removed his music from their public playlists. In Spotify, individual users can still listen to his tracks, but they will not appear on public playlists such as Discover Weekly or other playlists and radio channels curated by Spotify.
After receiving complaints that R. Kelly’s recording studio had undergone repeated renovations without the proper licenses, Chicago building inspectors were allowed to search the building in January 2019. The studio is not owned by R.Kelly; he has been renting it since 2017.
At the time of inspection, the 8,000 square foot facility was on the market for $4 million. R. Kelly was also being sued by the landlord of the building for unpaid rent at the time. He hadn’t paid $23,000 a month for seven months, according to the lawsuit. When he filed for bankruptcy, he still owed the landlord $167,000 in back rent.
All future song releases from R. Kelly’s record label, RCA/Sony, have been suspended, essentially preventing him from making more money. His contract with RCA/Sony obliges him to release two more albums. As a result, RCA/Sony also refused to fund new music videos.
Kelly has yet to be convicted of any crime, putting the label in a tough spot. Legally, firing him and withholding money based on allegations would be difficult. There’s a potential RCA/Sony could invoke a “morals clause” in their contract to get out of the deal.
R. Kelly was arrested in late February 2019 on a series of new charges. An upfront payment of $100,000 would have been enough to secure his release. Kelly, on the other hand, was so strapped for money that it took her a few days to find the money.
A woman named Valencia Love, whose connection to R. Kelly remains obscure, reportedly donated the $100,000. Andrea, Kelly’s ex-wife, sued for $160,000 in unpaid child support while he was in jail.