News

Kanye West In Hot Water Over $1 Million Unpaid Taxes

BY Abena Dzaka January 4, 2024 6:57 PM EDT
Photo Credit: Facebook @Eron Sjöberg

Kanye West’s messy finances continue to fall apart as according to an exclusive report published by a news platform (The Daily Mail )on Wednesday, January 3, he owes over $1 million in unpaid taxes.

Yeezy Apparel, LLC, his company, is the target of four liens.

As per the report, Kanye owes the company $934,033.56 in taxes covering three years. Along with that, he supposedly owes $101,093 in property taxes on the two Calabasas homes he owned with Kim Kardashian, his ex-wife.

The rapper, producer, and designer has had a turbulent few years following his dropping out of Adidas, Gap, Balenciaga, and numerous other brands due to his anti-Semitic outbursts, which caused his $2 billion net worth to plummet to $400 million, which Forbes later claims that after his business contracts were terminated, Kanye lost his status as a billionaire.

Apart from losing business, he has also lost the support of his followers due to his controversial remarks, such as saying that “slavery is a choice” and maintaining that Minneapolis police officer Derek Chauvin did not kill George Floyd—instead, Floyd passed away from a fentanyl overdose.

Fans have thrown out merchandise from Kanye’s Yeezy line and boycotted his music since fashion powerhouse, Vogue, announced that it would not be working with him anymore.

This recent report follows the news that Ye was asking $53 million for the sale of his Malibu, California, mansion.

After paying $57 million for the beachfront house, Ye completely demolished it, taking out all of the windows and the electricity. The former property manager of the house is also said to be suing Ye, claiming he was forced to sleep on the floor and was only paid for one day of work during the reconstruction.

This news invariably means Ye is facing financial difficulties ahead of the release of his new Vultures album featuring Ty Dolla Sign. The album’s release date has been postponed multiple times, with January 12 being the most recent one mentioned.