Before his 30-year sentence on Wednesday for racketeering and sex trafficking, R Kelly, whose full name is Robert Kelly, was one of the biggest R&B singers of the 90s and early 2000s, earning a fortune in the millions of dollars.
However, years of legal troubles ultimately reduced R Kelly’s personal net worth. So how exactly did he go from being one of America’s most successful entertainers to insolvency?
After gaining recognition in 1993, Kelly’s debut album “12 Play” was certified six times platinum. Two years later, his next album, ‘R. Kelly’, sold over four million copies, but it wasn’t until the singer released his single ‘I Believe I Can Fly’ that he won three Grammy Awards and topped the music charts in 1998.
Kelly has also won dozens of music awards, including a BET award, Billboard awards and several AMAs. He took part in 12 world tours between 1994 and 2013. Over the years, he built a substantial fortune in the tens of millions, approaching nearly $100 million at one point, according to Celebrity Net Worth. However, abuse deals with victims, a costly divorce, and other legal issues led to the singer’s slow but costly downfall.
YOUTUBE DELETS TWO R. KELLY CHANNELS AFTER SEX TRAFFICKING CONVICTION
After 2000, Kelly spent tens of millions of dollars settling sexual abuse lawsuits with multiple victims. In 2019, Illinois prosecutors alleged Kelly paid hundreds of thousands of dollars to recover videos of himself having sex with several underage girls in 1998 when he discovered those videos were missing from his collection.
Kelly lost millions in a costly divorce from ex-wife Andrea Lee who he was married to between 1996 and 2009. After his 2019 arrest, Lee sued Kelly for $160,000 in unpaid child support. In 2013, Kelly’s Chicago home was foreclosed on after she failed to pay the mortgage for more than three years. He was evicted in 2018 from properties in Atlanta after failing to pay $30,000 in rent.
WHAT WILL HAPPEN TO R. KELLY’S MUSIC AFTER THE GUILTY VERDICT?
He also faces tax issues with the IRS. Last year, the IRS granted Kelly a $2 million tax lien for not paying taxes in 2008. In 2012, they revealed that Kelley owed $5 million in unpaid taxes for seven years. year. The agency accused Kelly of possessing more than $600,000 in 2013 and $1.2 million in unpaid taxes in 2016.
During his sentencing, U.S. District Judge Ann Donnelly ordered Kelly to pay a $100,000 fine in addition to his 30-year sentence. His lawyers argued during sentencing that Kelly had been “repeatedly defrauded and financially abused, often by the people he paid to protect him.” Kelly’s current net worth stands at negative $2 million, according to Celebrity Net Worth.
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE