R Kelly Net Worth in 2024- How He Lost Million Wealth?

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R. Kelly’s net worth is approximately -$2 million. How he lost his fortune when he was once one of the world’s best-selling musicians?

In the 1990s, his outstanding contributions to hip-hop music made him the monarch of contemporary R&B. In addition to “I Believe I Can Fly” and “Ignition,” he released many other popular tracks, including “Born Into the 90s” and “Born Into the 90s.”

When he was at the pinnacle of his career, he led an extravagant lifestyle, but he has since been convicted of sex offender and extortion charges. In 1990, he was accused of using his prominence to engage in inappropriate sexual relationships with young women, including minors. R Kelly is incarcerated at Metropolitan Correctional Center, Chicago, as of July 2022 (federal register number: 09627-035).

After numerous litigation, allegations, and complications, he is now approximately -$2 Million in debt.

Who is R Kelly?

Robert Sylvester Kelly was born on January 8, 1967, in Chicago, Illinois, United States. He grew up in Bronzeville with his mother and brothers. Mr. Kelly is a successful businessman and has provided a comfortable lifestyle for his son, R. Kelly. R. Joanne Kelly was his mother’s name, and she married his stepfather when he was just five years old.

As a child, he used to sing in the church choir. In his early years, Robert Sylvester Kelly was sexually abused on numerous occasions. R Kelly’s significant contributions to hip-hop music have made him the king of contemporary R&B. He received three Grammys for his song “I Think I Can Fly” and was nominated for “You Are Not Alone,” which Michael Jackson covered.

R Kelly’s Biography

R Kelly Net Worth

A report says that most of R. Kelly’s money is gone. Because of this, R. Kelly’s net worth went down, and in February 2024, it was – $2 million. He used to be thought of as the best R&B and hip-hop singer of all time, and now he is seen as one of the most successful artists of our time.

Robert Sylvester Kelly is known for his work in different types of music, as well as his work in other types. He has had a lot of success over the course of his career, but because of all the accusations against him, he has had to give up all of his money. As of right now, R Kelly’s Net Worth is -2 million USD.

How R Kelly Lost His Net Worth

If he had never encountered legal troubles, R. Kelly’s net wealth could have easily topped $100 million. Kelly is alleged to have spent tens of millions of dollars to settle dozens of lawsuits filed by women accusing the singer of sexual misconduct.

In 2012, it was decided that Kelly owed back taxes for seven years totaling $5 million. He lost his house in 2013 because he hadn’t paid his mortgage since 2010. In 2018, he was kicked out of two homes in the Atlanta area because he owed more than $30,000 in late rent and fees. In recent years, he rented a place to live in Trump Tower in Chicago.

Kelly had also collaborated with a number of music business heavyweights, including Celine Dion, Justin Bieber, Lady Gaga, Aaliyah, The Isley Brothers, Jay Z, Cassidy, and Nick Cannon, among others.

Early Life and Career Beginnings

On January 8, 1967, Robert Sylvester Kelly was born on the south side of Chicago. He left high school to pursue a career as a subway musician. The $100,000 prize he won in the television talent competition Big Break was his big break. Kelly joined Jive Records in 1991, and his group Public Announcement released the album “Born into the 90s” in 1993.

R Kelly’s Career

Kelly began his singing career in 1991, following his years of street performance in Chicago. The next year, he released his debut album, Born Into The 1990s, after signing a contract with Jive Records. With the popular singles “Slow Dancing (Hello Mr. Dj)” and “Honey Love,” his debut album was a major success.

Bump N’ Grind became his first No. 1 single on the pop charts in 1993. After the death of his mother, he continued to live up to the moniker “Prince of Pillowtalk.” As the king of R&B, he launched the megahit “I Believe I Can Fly” in 1996, which earned him three Grammys in 1997.

Kelly has worked with international singers such as Whitney Houston, Michael Jackson, and Gladys Knight. He remained the R&B king throughout the 1990s. In 1998, he released the album “R,” which featured the duet “I’m Your Angel” with Celine Dion, which sold more than 7 million copies.

“Satisfy You” by Kelly and Sean “Puffy” Combs topped the charts in 1999, and two years later, “Fiesta” by Kelly and rap superstar Jay-Z also topped the charts.

“Write Me Back” was released in 2012, following in the footsteps of artists such as Teddy Pendergrass and Marvin Gaye. Since then, Kelly has endeavored to create new music. During the 1990s, he was renowned as the R&B king, and he sold millions of copies of his music.

What are R Kelly’s Most Popular Songs?

R Kelly’s music career reached its peak in the 1990s and early 2000s, with more Billboard Top 40 songs than any other male solo artist at the time.

Ignition (2003) and I Think I Can Fly (1995), two of his most successful songs, were used in the 1995 basketball movie Space Jam.

The third most popular song of his career, according to Billboard, is Step in the Name of Love (2011), followed by Bump n’ Grind (1993) and I Wish (2000).

R. Kelly’s Sentencing

Kelly was sentenced to 30 years in jail by US District Court Judge Ann Donnelly for all of his controversies. In the 2019 documentary series ‘Surviving R. Kelly,’ numerous of his victims discussed his crimes.

50Cent asserts that R. Kelly has publicly acknowledged his treatment of women. R. Kelly constantly monitored his victims and held them captive to fulfill his sexual demands.

For the charges of sex trafficking involving minor girls and women, the singer was also sentenced to five years of supervised release and a fine of $100,000.

Kelly was convicted guilty of racketeering, and other counts a year prior to the second sentencing. R. Kelly assaulted teenage women for decades, and there is video evidence of his confessions.

Education

Kelly has revealed nothing about his early education. We do know that he attended Kenwood Academy High School, where he began playing basketball and developed into a respectable linebacker. After the death of his friend, Kelly ceased playing basketball. He began singing and writing later on.

R Kelly’s Real Estate

In 1994, R. Kelly paid $1,107 million for an 8,400-square-foot, early 1900s-era mansion in Chicago’s Lakeview area. In 2002, he sold this mansion for $2.25 million.

In 1997, R. Kelly acquired a 4-acre undeveloped lakefront property in Olympia Fields, a Chicago suburb. He then constructed a 14,000-square-foot house that he named “the Chocolate Factory.” The 6-bedroom, 8-bathroom residence has an indoor swimming pool, a home cinema, and a basketball court. The property was valued at $5,2 million in 2009. In 2007, Kelly’s neighbors sued him for unlawfully parking his massive tour bus on the street, constructing a guard house without a permit, and breeding dogs on the site.

During the period he owned the property, Kelly owed JP Morgan Chase bank nearly $3 million in mortgage payments. According to reports, Kelly had not made a mortgage payment for approximately a year prior to the start of foreclosure proceedings in July 2011. In March 2013, JP Morgan bid $950,000 at a foreclosure auction for a home on which they already held the mortgage. In November 2013, the bank finally sold the property for $587,500.

All of R. Kelly’s other mansions and condominiums, including an Atlanta home and a Trump International condo in Chicago, were leased. In 2018, he was evicted from two Atlanta-area residences for failing to pay more than $30,000 in delinquent rent and fees.

Car Collection

Kelly had owned some extremely unique and rare automobiles. However, he no longer owns any automobiles, as the majority of them were sold at auction due to his illicit activities.

R Kelly’s Family, Parents, and Siblings

The date of his birth was January 8, 1967. Born in Chicago, United States. Mr. Kelly, renowned for his achievements in the business world, is his father. The name of his mother is R. Joanne Kelly. She was a homemaker and passed away in 1993.

Theresa Kelly, his older sister, and Carey Kelly, a rapper, and songwriter, are two of his siblings.

R Kelly’s Spouse

Andrea Kelly (née Lee), an ex-back-up dancer, is the mother of R. Kelly’s three children: JoAnn, Jaah, and Robert Jr. R. Kelly has three children with his wife, Andrea Kelly (née Lee). JoAnn, Jaah, and Robert Jr. In September 2005, following a violent incident with Kelly, Andrea decided to pursue legal action against her and obtain a restraining order. The next year, in 2006, she petitioned for divorce from Kelly.

Their divorce was formalized in January 2009, following thirteen years of marriage. Subsequent allegations made by Andrea, most prominently in the 2019 documentary “Surviving R. Kelly,” indicate that Kelly mistreated her physically, verbally, and emotionally.

R Kelly’s Physical Appearance

Kelly stands at 6 feet and 1 inch tall and weighs 91 kilos. His physical dimensions are 44-35-14 inches. Moreover, R. Kelly has black hair and brown eyes.

R Kelly Social Media Profile

Frequently Asked Questions (FAQs) about R Kelly Net Worth

What is the most recent news about R Kelly?

Illinois prosecutors abandoned pending criminal charges against R. Kelly in January 2024 because he was already convicted of federal crimes that will keep him incarcerated for decades.

Does R. Kelly own royalties?

Sony did not pay royalties on Kelly’s master recordings while the company dealt with judgements regarding the court actions Kelly was involved in. Wednesday, Geddes reported that they are currently holding onto royalties for Kelly amounting between $3.5 and $4.5 million, but they still owe $7 million in judgments.