At the height of his profession, Billboard magazine named R. Kelly the most successful R&B artist of all time. He was the 55th highest-selling musician in the year 2012 and sold more than 32 million albums across the world.
But recent developments have put Kelly’s net worth in doubt. He is believed to be in debt of approximately $2 million by the IRS. Although he was previously believed to be worth $100 million the value of his assets has dropped to a mere -$2 million because he owes funds to the IRS.
Celebrity Net Worth calculated the value of R. Kelly at $2 million
According to the Celebrity Net Worth website recently it was disclosed that R. Kelly has a net worth of less than $2 million. According to the website, Kelly was once worth $100 million however, her worth has dropped to less than 1 percent of that currently.
Even though this is an enormous amount, Kelly is certainly in an extremely difficult financial position. With a value of less than $2 million is there anyone to blame?
The record producer and singer Kelly is a record producer, singer and songwriter. Kelly’s wealth is currently less than 2 million dollars, a drop from the $100 million he earned in his prime.
This means he will have due the IRS more than $1 million by when his court trial gets underway at the beginning of April 2020. But, it must be remembered that he’s still among the top-selling R&B artists of all time and has sold more than 75 million albums across the globe.
R Kelly owed $5 million in tax
As per reports, R. Kelly owed more than $5 million in taxes unpaid The pop star has been in an ongoing legal battle with thes IRS over the past few years and owed them $2.6 million in 2008 and $1 million in 2011.
The singer’s Olympia Fields mansion, which was purchased in 2007 is currently in foreclosure following his bank JP Morgan Chase, stating that the singer had a debt of $2.9 million in taxes unpaid
The singer has been in prison following his detention in the year 2011. The release of his is subject to numerous complications, including an increase in the chances of contracting coronavirus, among other illnesses.
The label that he is signed to have withheld the funds for two albums that are due to be released, along with music videos. Kelly is suspected of sexually abusing youngsters and minors in addition to being the focus of numerous civil lawsuits. Kelly was also nominated by the criminal courts of New York, Chicago, and Illinois for his work in child pornography.
R kelly was owed $167,000 in rent arrears
In January of 2019, the building inspectors from Chicago carried out an audit of R. Kelly’s studio. They discovered that he’d repeatedly remodeled the studio without a license, which led the owner to sue the singer for not paying rent. When the building was inspected R.
Kelly owed the owner of the studio a $167,000 leaseback, which was greater than two months’ rent.
The rapper is also owed an amount of $5 million in taxes unpaid Kelly hasn’t made mortgage payments since 2010, and his Chicago property was foreclosed on in 2013.
In the past, Kelly rented a townhouse in Trump Tower, but after numerous reports of him abusing women living in his house, the singer was required to move to two apartment units in the Atlanta region.
R kelly’s studio for recording is available for auction
R. Kelly’s studio is being sold after the alleged sex abuse scandal was exposed in the Lifetime documentary “Surviving R. Kelly.” The group of singers was required to leave the studio when new management was elected and stopped allegedly making payments. Following allegations of corruption, the building has suffered a loss of $1.6 million worth of value.
A realtor representing the property did not provide any information on whether or not R. Kelly’s alleged cult that involved girls played a role in the property’s sale.
The studio is believed to be situated within the Chicago warehouse that is zoned for commercial usage. Although the studio is a recording studio on the second floor, it also has an entire kitchen as well as a dining space. Kelly is believed to owe around $170,000 in rent owed to her in the past.
It is on auction for $4 million and Kelly’s lawyers have not protested against the sale. Meanwhile, the incident has brought about a wave of lawsuits involving the landlord’s mismanagement of the property.
R Kelly’s relationship with Aaliyah’s relationship with Aaliyah
R. Kelly was introduced to the singer Aaliyah by her manager Barry Hankerson when she was just 12 years old. Kelly had already been signed by Blackground Records, and Hankerson would like to create Aaliyah an artist coach and producer.
The problem was that Kelly was alleged to have abused girls under the age of. In the end, he was terminated from his job at Blackground in the year 1996. His relationship with Aaliyah was the topic of much speculation and many are still wondering about the circumstances.
In the words of MTV News, Kelly and Aaliyah were in a relationship sexually at the beginning of the 1990s. On a tour bus trip, Kelly allegedly gave Aaliyah oral sex even though she was still a minor. The couple did not Kelly or Aaliyah’s parents provide permission to marry.
The singer then divorced her parents and, despite all the debate over her wedding, Kelly refused to elaborate on the union.