R Kelly has been sentenced to 30 years in jail for child sex abuse. Once known as the King of R&B, the singer fell to disgrace due to his actions. As of 2022, his net worth is estimated to be a negative $2 million, with the 55-year-old having lost most of his money in legal battles. 

With hits like ‘I Believe I Can Fly’ and ‘Trapped in the Closet’, the singer-songwriter who revolutionized R&B was estimated to be worth $100 million at the peak of his career. 

However, in 2021, R Kelly was found guilty of nine charges including bribery, forced labour, kidnapping, exploitation of a child, racketeering, and sex trafficking across state lines. 

The singer lost most of his wealth settling lawsuits with the numerous women who accused him of sexual wrongdoing. A large part of R Kelly’s personal wealth also went into divorcing Andrea Lee, who remained married to the singer from 1996 to 2006, arguably his most profitable years. 

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In 2020, it was revealed that Kelly owed the Internal Revenue Service (IRS) $1.9 million. In 2012, the news emerged that Kelly owed the IRS $5 million in overdue taxes, which went all the way back to 2007. A bank foreclosed his lavish home in Chicago, Illinois, in 2013, after Kelly had failed to pay the mortgage since 2010. Also, in 2018, news emerged that R Kelly had been evicted from two homes in Johns Creek, Georgia, for unpaid rent to the amount of $30,000. 

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The singer’s last known residence is in Trump Tower, Chicago. After accusations against Kelly came to the public spotlight, especially in the wake of #MeToo and the eye-opening Lifetime docuseries, ‘Surviving R Kelly’, the R&B legend also found it hard to tour, with many of his performances being disrupted by those protesting Kelly’s transgressions.