Going from hero to zero can’t be easy. Especially for an accused child sex predator.
At the height of his success, R. Kelly was worth in excess of $100 million, easily. And now, financially suffocated by lingering bills and other debts, the disgraced singer’s money has all but stopped. But with all the reports surrounding R. Kelly’s dwindling finances, it was unclear what exactly was fact and what was fiction.
The Blast reported that the singer who was facing 10 counts of aggravated sexual abuse for allegedly assaulting three underage girls and one adult woman “has a balance of negative $13” as of last week. The website pointed to court documents that it said showed an overdrawn account with one bank in particular.
That report came after R. Kelly’s royalties were reportedly frozen by Sony because of six figures’ worth of back rent he owed to a Chicago landlord.
Back in January, the Chicago Sun Times reported that a “county judge ordered Kelly be evicted from the building. Midwest Commercial Funding sued Kelly last summer, alleging he owed the company nearly $80,000 in back rent. Monday, the judge ruled in Midwest Commercial Funding’s favor, court records show, and awarded the company $166,981 while also issuing an ‘order of possession’ for Midwest Commercial Funding.”
That totaled more than $260,000 that was seized from the singer’s emptying account.
Kelly was arrested Feb. 23 after surrendering to Chicago police following his indictment on the same day for those 10 counts of aggravated criminal sexual abuse. After spending the weekend in jail because he arguably had trouble paying the $100,000 for bail, a woman friend of his posted his bond.
Kelly was then taken into custody again for failing to pay more than $160,000 in child support but was released a few days later after someone else paid his bond.
Most recently, Kelly, desperately trying to make ends meet, appeared and performed April 6 at an Illinois nightclub for less than 1 minute in a paid event with heavily discounted ticket prices.
Prior to that, Kelly stood a good chance at making some money from a concert series in Dubai, where a judge approved his travel to. However, he ended up withdrawing that request and missed out on a crucial payday.
All of the above has apparently added up to leave Kelly a broken, and broke, man.
Still, through it all, Celebrity Net Worth listed R. Kelly’s wealth at $100,000. That was still a mere shadow of what he’s been used to over the past two-plus decades, but it was still nothing to sneeze at and more than the average American citizen’s net worth.
Once the dust settled from Kelly’s funds being seized, frozen or rendered otherwise untouchable for him, he had about $625 left in cash.
Regardless of how his current case turns out, Kelly will still be saddled with hefty legal fees, making one wonder, but not worry about, how he’ll ever be able to dig himself out of his mounting debt.