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R Kelly Net Worth

R Kelly used to be one of the most successful R&B singers in history, with a net worth that exceeded $115 million and would be worth close to $200 million today. However, various lawsuits and controversies have led to his net worth being completely wiped out and a tax bill with the IRS that has put the musician $2 million into debt. As a result, current estimates put his net worth at -$2 million.

What is R Kelly’s Net Worth?

R Kelly’s record sales tanked as allegations of sexual misconduct surfaced. His music stopped playing on radio stations, and he was dropped by his label. As a result, Kelly’s income took a massive hit, while he struggled to keep up with his expenses.

As a result of his financial struggles, Kelly’s net worth has been completely wiped out. Kelly reportedly owes around $2 million to the IRS for missed tax payments dating back to 2008, putting his current net worth at -$2 million.

Early Life

R Kelly was born Robert Sylvester Kelly on January 8, 1967, in Chicago, Illinois. He was the third child and only son of Joanne Kelly, a schoolteacher, and Henry Kelly, a mechanic. His father died when he was eight years old, leaving his mother to raise him and his three sisters alone.

Kelly’s mother instilled a strong work ethic in her children, and Kelly began working various odd jobs to help support the family when he was just a teenager. He also started singing in local clubs and talent shows, which led to him being discovered by R&B singer Stephanie Mills. Mills helped Kelly get a record deal with Jive Records in 1991.

Career

R Kelly’s career began in the early 1990s, when he rose to fame with his debut album, “12 Play.” The album was a massive success, selling more than eight million copies and spawning the hit single, “Bump N’ Grind.”

Kelly followed up “12 Play” with the release of his second album, “R. Kelly.” The album was another success, selling four million copies and spawning the hit singles, “You Remind Me of Something” and “I Believe I Can Fly.”

In 1998, Kelly released his third album, “R.,” which was a commercial disappointment, selling only two million copies. The album’s poor sales were attributed to the allegations of sexual misconduct that had surfaced by this point.

R Kelly’s career would slowly begin to decline in the early 2000s, as more and more allegations of sexual misconduct surfaced. In 2002, a video surfaced that showed Kelly engaged in sexual acts with an underage girl.

What’s Next For R Kelly

On September 27, 2021, a jury found Kelly guilty of all criminal charges, including racketeering, sexual exploitation of a child, kidnapping, bribery, sex trafficking, and violation of the Mann Act. He is being held in custody pending sentencing, set for June 16, 2022.

Kelly’s once lavish lifestyle is now a thing of the past, as he now spends his days in jail. It’s a far cry from the days when he was one of the richest R&B singers in the world, but Kelly’s fall from grace has been hard to watch.

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