What Is Net Worth Of R. Kelly? How Did He Lose His Money? Click Here To Find out

What Is Net Worth Of R. Kelly How Did He Lose His Money Click Here To Find out

Hello Dear Readers… so in today’s article we will talk about R.Kelly’s net worth, how he lose his money, what happened to him?

Let’s begin with the introduction of R. Kelly.

Who Is R. Kelly?

American singer-songwriter, producer, and multi-instrumentalist R. Kelly (real name Robert Sylvester Kelly) (born January 8, 1967, in Chicago, Illinois, United States) is one of the best-selling rhythm and blues (R&B) artists of the 1990s and early twenty-first century, with over 100 million records sold worldwide. Known for his gospel-tinged vocal delivery and sexually explicit lyrics, Kelly was a popular artist in his day.

Kelly was reared in Chicago’s public housing projects, where his mother instilled in him a strong sense of Christian faith that he has carried with him to this day. Despite the fact that faith has been a frequent topic in his songs, early hits like “Sex Me” (1993) established carnality as the focal point of his music, a style that has been described as “church-trained.” Over the course of his career, the tension between the sacred and profane, as well as the contradiction between his tough-guy demeanor and his soft vocal abilities, have remained constants.

During the recording of his debut album, Born into the ’90s (1992), Kelly collaborated with the vocal group Public Announcement to create a smooth and melodic distinctive sound that was infused with hip-hop rhythms. Kelly’s dominance of the R&B industry translated into pop popularity, and his subsequent efforts saw ever-increasing success as his stardom grew. Three Grammy Awards, including one for best R&B song, were bestowed upon him for his inspiring ballad “I Believe I Can Fly” (1996), which became a worldwide smash.

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What Happen To R. Kelly?

The R&B star has been found guilty of racketeering and sex trafficking and has lost his fortune after owing millions in unpaid taxes to the IRS.

It has been a long time since R. Kelly was a popular singer. He was found guilty of racketeering and sex trafficking, and he could now spend a decade in prison.

New York child pornography and obstruction charges against the 54-year-old were dropped in September, but he still faces federal child pornography and obstruction charges in Chicago.

Asked to be let out on bail in April of 2020, and said that he owed the IRS close to $1.9 million. When his lawyer asked for free transcripts of jury selection hearings in August of this year, they said that Kelly couldn’t afford to pay for them.

His lawyer, Calvin Scholar, wrote: “As the defense was presented during the conference, Mr. Kelly is not able to afford to get the transcripts, and the transcripts are important for his defense,” he said.

His exact worth is unknown, but Celebrity Net Worth says his value is negative $2 million, which means he has a lot of debt. If he had been worth more than $100 million at one point, the report says that he had a net worth in the tens of millions. He’s now in the red.

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How did R. Kelly lose his money?

The R&B singer rose to fame after winning $100,000 on a TV show called “Big Break” and then signing with Jive Records in 1991. His first solo album, 12 Play, came out in 1993. The first single, “Bump n’ Grind,” was released, and the album would go on to be certified six times platinum.

He kept making money through the 1990s and 2000s, releasing 14 studio albums, five compilation albums, and three collaboration albums. He also won a lot of awards. He has been on 12 global tours and made a lot of money from TV appearances.

However, following his divorce from Andrea Lee in 2009, he saw a significant chunk of his wealth go, and his standing in the music industry began to wane. According to reports, he owed $5 million in back taxes by 2012, and the following year he was forced to surrender his Chicago house after failing to make his mortgage payments.

He revealed the entire depth of his financial difficulties to the world in 2018, when he published a 19-minute song in which he addressed the claims against him as well as his increasing debt. He stated that he was having financial difficulties and that he had owed the Internal Revenue Service $20 million at one point.

His revenues have been reduced as a result of the claims and subsequent convictions, which led to Spotify and other streaming services removing his songs from their public playlists and decreasing his earnings. More importantly, his fall from grace has made the prospect of profitable tours virtually unattainable, and he has found himself unable to pay off his rising obligations as a result.

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