R Kelly Net Worth
The net worth of R. Kelly is on the negative side, as he owes nearly $1.9 million to the IRS. The divorce from his second wife has also taken a huge chunk of his net worth. The singer was married to dancer Andrea Lee from 1996 until 2009, but they later divorced. Before that, Kelly married the late singer Aaliyah, but the marriage was annulled a year later.
|Net Worth:||$100 Million|
|Age :||55 Year|
|Date of birth :||8, January 1967|
|Height :||1.85 m (6 ft 1 “)|
|Country of Origin :||USA|
|Source of Wealth :||Professional: Singer/Rapper|
r kelly’s net worth
- Kelly’s net worth is currently unknown. However, he is a three-time Grammy winner. The singer was born in Chicago in 1967 and has been accused of sexual exploitation on several occasions. His first charge of sexual exploitation came in 1998. In addition to his music career, he also has a history of drug abuse and domestic violence.
During his heyday, R.Kelly lived a signature lifestyle. However, he lost millions during a costly divorce. He was married to Andrea Lee from 1996 to 2009. The divorce was expensive and left her suing for unpaid child support. The singer’s Chicago home was foreclosed in 2013 when he failed to pay his mortgage for more than three years. In addition, his Atlanta homes were seized in 2018 after he failed to make payments.
r kelly’s career
- Kelly’s music career started at an early age. His first single, “Bump N’ Grind,” peaked at the top of the Billboard Hot R&B Singles chart for twelve weeks. The album also reached the top ten on the Billboard 200 and became gold-certified by the RIAA. By 1995, Kelly had received his first Grammy nominations for writing and producing.
His music career has spanned over three decades and resulted in an impressive net worth of over $100 million. However, despite his massive success, Kelly’s debts have sunk his net worth, as he currently owes large amounts of money to the IRS. His net worth is now estimated at around $2 million, despite his bankruptcy.
r kelly’s tax situation
- Kelly’s tax situation is no joke. According to the IRS, the singer owes close to $5 million in back taxes. His Chicago home was foreclosed on in 2013 and he has been late with his mortgage payments since 2010. He was also evicted from two Atlanta area homes in 2018, after failing to pay $30k in back rent. In recent years, Kelly has been forced to move into a rented Chicago townhouse.
In his deficiency determinations, Mr. Kelly focused on the assets he used to secure loans. He also focused on the value of these assets of the loans. He engaged in some ventures through his FCC and some on his own. The assets he used as collateral included business entities and real estate. He would foreclose on the collateral and then either operate the business or resell the real estate. He also borrowed money from Mountain Community Bank.
r kelly’s record company
- Kelly has a net worth of $10 million and is currently signed with the RCA record label. Although he did not attend college, he earned a high school diploma, which he used to start a successful career. He was sexually abused as a child but has since overcome the trauma and turned to music. His first albums were highly successful, and he has won numerous awards, including Grammys and the Billboard Music Award.
R Kelly‘s net worth has declined dramatically in recent years. In the early 1990s, he was the biggest R&B singer, earning a fortune in the millions. However, several years of legal troubles have severely reduced his net worth. Today, his net worth is only a small fraction of his previous wealth.
r kelly’s divorce
During his divorce from Andrea Lee, R. Kelly’s net worth fell dramatically. The singer owed more than $160,000 in child support. His divorce from Lee led to several legal issues, including a lawsuit by Andrea Lee for unpaid child support. The singer was also evicted from his Chicago home in 2013 and his Atlanta apartment in 2018.
Until his arrest in July 2019, R. Kelly was unable to tour or release any new music. However, his older tracks continue to generate plenty of revenue for RCA Records. In the United States alone, Kelly’s songs have earned over $1.7 million. However, this money does not end up in Kelly’s bank account.
r kelly’s eldest child
- Kelly has three children. His eldest child, Joann Kelly, is a singer and actress. Her father is a former disc jockey. Their divorce took place in 2009. R. Kelly has three children from his previous marriage. Their oldest is 20 years old, and their youngest is sixteen.
Joann Kelly was born on March 19, 1998. She decided to follow in her father’s footsteps and became a singer. She releases music under the name Buku Abi. In November 2020, she told fans that she had a miscarriage. She also talked about her father’s crimes and said that she is estranged from him.