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R. Kelly Reportedly Struggling Financially With Just $625 In One Bank Account And A Negative Balance In Another
The singer has fallen on hard times as criminal charges continue to hang over him and creditors loom.
R. Kelly isn’t only facing mounting legal troubles: his financial situation is reportedly getting steadily worse, with outlets reporting that the disgraced singer has one account in the negative and another with a balance of less than $1,000.
Robert Kelly, 52, was charged with 10 counts of aggravated criminal sex abuse in February, and his situation has been worsening ever since. Shortly after his first arrest, Kelly’s lawyer told the judge that the singer’s finances were a “mess” and, according to court documents obtained by The Blast, Kelly still appears to be struggling in that area.
One financial institution where Kelly has an account, Wintrust Bank, reported to Kelly’s former landlord that Kelly’s account isn’t looking good, with a balance of negative $13, according to The Blast’s report. Kelly’s two accounts at Bank of America told a similar story; despite previously having $44,595.58 in one account and $110,056.64 in another, Kelly now has only a combined balance of $625 after his landlord seized the bulk of those funds to cover Kelly’s debt, court documents obtained by the outlet state.
Kelly’s landlord secured a judgment of around $173,000 after suing Kelly for back rent earlier this year, the Chicago Tribune reports. In an effort to collect, Kelly’s creditor, Midwest Commercial Funding, also issued a subpoena to Sony Music and had more than $200,000 in Kelly’s royalties frozen, The Blast previously reported. They’ve asked a judge to order Sony to pay the remainder of Kelly’s debt by releasing around $50,000, according to the outlet.
The American Society of Composers, Authors and Publishers (ASCAP) was also hit with a subpoena, but the organization has claimed that they don’t owe Kelly anything, according to The Blast.
Sony cut ties with Kelly in January, amid growing protests to #MuteRKelly. The release of Lifetime’s “Surviving R. Kelly” documentary kicked off a dramatic fall from grace for Kelly, as the public, and law enforcement officials reconsidered the decades of sexual misconduct allegations that have followed Kelly throughout his career.
The “Bump n’ Grind” singer was acquitted on child pornography charges in 2008, and has pleaded not guilty in the current case against him, which involves the alleged victimization of three underage girls and one woman.
During his first interview on the subject, Kelly claimed that the public was trying to “assassinate” him.
“Stop it. Y’all quit playing! Quit playing! I didn’t do this stuff! This is not me!” he said. He added later, “I’m fighting for my f--king life.”
Kelly was recently spotted making an appearance at an Illinois nightclub, where he performed for less than 30 seconds and spent the bulk of his time at the club taking photos and smoking cigars with the people there, some of whom paid $100 to see him.