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R Kelly Net Worth: How The Singer Lost His Net Worth

Singer, songwriter, and record producer R. Kelly has a negative $1.3 million net worth. In America, R. Kelly is a highly well-known and popular singer. Kelly is a fantastic American musician that has received widespread acclaim for his work. As a very accomplished composer and record producer, Kelly is also. With his albums and songs, he has established a reputation for himself in the music business.

R. Kelly is well-known throughout the world for making an incredible contribution to hip-hop music. He holds many titles, including “King of Pop Soul” and “King of R&B.” He has radically changed how R&B and Hip Hop music are seen.

R Kelly performing on stage

R Kelly net worth

Robert Kelly, though, has suffered more losses lately than gains. Kelly’s legal issues and sexual misdeeds have caused him to lose the majority of his wealth, reputation, and popularity. He settled the numerous women’s lawsuits against him for millions of cash. Additionally, there has been recent reports regarding Kelly owing the IRS millions of dollars.

R. Kelly Net Worth

R. Kelly is the greatest R&B and Hip Hop performer of all time and one of the most popular musicians of this generation. Kelly has amassed enormous money over the course of his career, but because to the charges brought against him, he has lost everything and is today $1.3 million in the hole.

R Kelly Net Worth

R Kelly

Kelly may have had hundreds of millions in his account, but due to the numerous sexual assault allegations and lawsuits brought against him, he lost everything. Kelly has spent millions of dollars settling all the claims with attorneys, courts, and women. He recently paid $1 million to obtain bail. He is therefore without anything.

How He Lost His Net Worth

If R. Kelly hadn’t run into any legal troubles, his net worth might have easily topped $100 million. Kelly is said to have paid millions of dollars to settle numerous lawsuits brought by women who claimed she had abused them.

In 2012, it was discovered that R. Kelly owed $5 million in back taxes over a 7-year period. After failing to make mortgage payments since 2010, he was foreclosed on in 2013. In 2018, he was kicked out of two homes in the Atlanta region for nonpayment of more than $30,000 in rent and other costs. He spent a time in the recent past renting a townhouse in Chicago’s Trump Tower.

R. Kelly has also worked with a wide range of other influential people in the music industry, including Celine Dion, Justin Beiber, Lady Gaga, Aaliyah, The Isley Brothers, Jay Z, Cassidy, and Nick Cannon.

How much is R Kelly catalog worth

“R&B song catalogs typically sell for a 12-times multiple of net publisher’s share of gross profit,” according to Billboard, “but such a successful sole writer could potentially get 20-times NPS, which Billboard estimates to be at least $1.05 million and implies that Kelly’s songs could have been worth up to $21 million.”

Read Also: How Long Was Aaliyah Married to R Kelly? Their Marriage Timeline

R. Kelly House

A report claimed that R. Kelly held several women hostage in a sex “cult” at his Georgia home, which has since been sold.

The Atlanta mansion reportedly sold for $1.785 million, but according to property records, the home actually sold for $2.1 million.

R Kelly on sun shades

R Kelly

Women who were residing in the singer’s Johns Creek house at the time accused him of heinous crimes, including an instance captured on a sex video that leaked of him reportedly engaging in sexual activity with a 14-year-old girl, in the astounding documentary series “Surviving R. Kelly.”

Other allegations against the musician include holding women inside the house against their will and requiring them to get permission before eating or using one of the eight facilities. Even that was said, that they were made to refer to him as “daddy.”

The sale of the house was finalized on May 28, so it appears that the new owner is willing to overlook its troubling past.

The house has seven bedrooms, a gigantic 11,455 square feet, and sits on 2.5 acres of ground.

The estate’s study contains wood paneling and French limestone floors. The breakfast area and family room are connected by a remodeled kitchen with all-new stainless steel appliances, which also houses one of the space’s seven fireplaces.

The main suite, which is located on the first floor and features a spa bath and his and her walk-in closets, looks out onto the loggia and glittering pool.

The estate’s study contains wood paneling and French limestone floors. The breakfast area and family room are connected by a remodeled kitchen with all-new stainless steel appliances, which also houses one of the space’s seven fireplaces.

The main suite, which is located on the first floor and features a spa bath and his and her walk-in closets, looks out onto the loggia and glittering pool.

At the Metropolitan Correctional Center in Chicago’s downtown, Kelly is currently detained. According to CBS2 Chicago, he is accused of committing sex crimes in federal and state courts in Chicago, New York, and Minnesota.

He was charged with 21 charges of child pornography in 2002. Kelly has denied doing anything illegal.

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