R5 is an American pop rock band formed in Los Angeles, California, in 2009 by siblings, Ross, Riker, Rocky and Rydel Lynch.

They asked Ellington Ratliff to join the band a year later after meeting him at a California dance studio called the Rage.

Since their debut YouTube web series in 2009, the band has released five EPs and two studio albums.

Ross Lynch’s acting career helped raise R5’s profile considerably, and the band signed a record deal with Hollywood Records in 2012.

They won the Next Big Thing Awards in 2013 and the Show Stopper Award at the 2014 Radio Disney Music Awards.

According to sources, the band has garnered a net worth of approximately $3 million.

While, lead singer, Ross Lynch and Ellington Ratliff have a net worth of $5 million and $300,000 respectively.

R5 started their seventh concert tour, New Addictions in May 2017 and it ended on January 25, 2018.

Hopefully, the band will be touring various countries and cities in upcoming years.