R. Kelly does not have enough net worth to post his $100,000 bail. The ‘Step In The Name Of Love’ singer was arrested on several counts of sexual abuse this past weekend.
How i wish these reports were not true, such a great talented musician. He is still king of RnB though in my books. Lets not mix issues
— sabelo (@Sabza200BC) February 23, 2019
A Chicago judge set Kelly’s bond at $1 million with $100,000 in cash needed to get the recording artist out of jail immediately. Many expected the award-winning artist to produce the cash immediately. R. Kelly, however, remains in jail as he is unable to pay the bail.
Steve Greenberg, R. Kelly’s attorney, described the singer’s financial situation as a “mess” during a press conference this past Saturday (February 23). “He doesn’t have $100,000 sitting in the bank, in a shoebox, anywhere,” Greenberg revealed. “This is someone who should be wealthy,” the attorney added. “He’s trying to get it together.”
Shout out to every Black woman who endured criticism, attacks, and blame while putting in the labor to support victims of sexual violence. This effort is public today, but it certainly came with private pain.
Love and prayers to all the survivors.
— Shanita Hubbard (@msshanitarenee) February 22, 2019
Perhaps part of R. Kelly’s problems comes from his music deals. The singer does not own the rights to some of his most popular hits such as ‘I Believe I Can Fly,’ which means that Kelly’s residual income is practically non-existent.
R. Kelly also has other financial woes that may prevent him from having enough money to post bail. The singer reportedly owes upwards of $190,000 in unpaid child support to his ex-wife, Andrea Lee. Kelly also reportedly owes money in unpaid rent.
R. Kelly is speculated to have a net worth of around $1 million. Some of that value, however, has depleted due to lost business deals caused by the allegations of sexual abuse that earned even more stamina after Lifetime’s documentary, Surviving R. Kelly. Stay tuned for more celebrity breaking news!
Photo: Getty Images