R. Kelly Net Worth 2022: How Did He Lose All His Money?

R. Kelly, the notorious R&B musician accused of running a criminal business to enable him to prey on youngsters, girls, and adults for sexual enjoyment, was sentenced to 30 years in jail.

Kelly, 55, was convicted guilty of all allegations against him in federal court in Brooklyn in September. They included racketeering based on child sexual exploitation, abduction, forced labor, and Mann Act offenses, which prohibit the transfer of persons over state boundaries for sex.

After hearing testimonies from Kelly's accusers, Judge Ann M. Donnelly, who presided over the six-week-long trial last year in Brooklyn, New York, announced the singer's sentence on Wednesday.

Kelly, real name Robert Sylvester Kelly, was also fined $100,000. Kelly did not speak to the court. After only two days of deliberation, a jury of seven men and five women convicted the 55-year-old guilty on September 27. As the verdict was read, Kelly stood immobile, with his eyes downcast.

Kelly's accusers said in court Wednesday that he preyed on them and deceived his followers, as the fallen R&B singer sat in the dock awaiting punishment on his federal sex trafficking conviction, as per USA Today.

R. Kelly's Legal Battle

Kelly is alleged to have spent tens of millions of dollars settling a slew of lawsuits filed by women who claimed she assaulted them. Kelly reportedly lost a big chunk of his net worth after divorcing Andrea Lee, his wife from 1996 until 2009, while his career was at its peak.

Kelly owes $5 million in overdue taxes dating back seven years, it was discovered in 2012. After failing to pay his mortgage since 2010, he lost his Chicago home to foreclosure in 2013. In 2018, he was evicted from two Atlanta-area houses for failing to pay over $30,000 in back rent and fees. In recent years, he has been living in a rented unit in Chicago's Trump Tower.

In July of this year, Kelly addressed a number of his allegations in a 19-minute Spotify song. Kelly stated in this song that she is broke and needs to tour just to make ends meet.

He also admits to once owing the IRS $20 million and having to borrow several million dollars from his label to pay expenses. His financial problems are highlighted by the fact that he seems to be unable to perform in many countries as a result of his controversies, and his US tours are frequently disrupted by protestors.

Additionally, Spotify and other streaming services have pulled his songs from their public playlists. Individuals can still listen to his tracks on Spotify using their accounts, but they will not be suggested in public playlists like Discover Weekly or other Spotify-curated playlists and radio channels, according to Celebrity Net Worth.

R. Kelly Net Worth

R Kelly's net worth is believed to be at $-2 million as of June 2022, and after multiple lawsuits, issues, allegations, and even the "Surviving R Kelly" series, his net worth has completely vanished.

R Kelly is a composer, record producer, and performer located in Chicago. He became well-known after releasing his debut album, 'Born Into the 90s.'

He continued rapping from there, and today he is regarded as one of the greatest vocalists and composers of all time, with songs such as "I Believe I Can Fly" and "Ignition." R. just revealed fresh information. Kelly launched a new 19-minute song in which he explained why he was broke, Wealthy Gorilla reported.