Now comes word Ye has fallen way behind on his property and business taxes...
From The Daily Mail
Kanye West owes over $1million in unpaid taxes as his messy finances continue to unravel.
The rapper, producer, and designer has endured a tumultuous couple of years since Adidas, Gap, Balenciaga and a host of other brands dropped him after his anti-Semitic rants - tanking his $2billion net worth down to $400million.
Now DailyMail.com can reveal that his clothing firm, Yeezy Apparel, LLC, has four active tax liens filed against it over the last three years for unpaid business taxes totaling $934,033.56.
To make matters worse, the rapper, who has shocked the world with his series of outbursts, also owes $101,093 in property taxes on two homes he owned with his ex-wife Kim Kardashian.
The most recent demand from the State of California's Franchise Tax Board was in March 2023 for $319,356.58, which includes a $97,063.78 penalty and $9,644.40 in interest.
This stems from unpaid taxes between October 2021 and March 2022.
The rapper has two more ongoing tax liens against him.
One was filed in September 2022 for the April to September 2021 period, in which the company owes $321,591.71 inclusive of penalties and interest.
Another was filed in February 2022 for $279,085.99, which includes a $92,374 penalty and interest. This was for the January 2020 to March 2021 period.
The first lien was in July 2021 for $13,999.28, inclusive of penalties and interest, for three months from April 2020.
In total, Yeezy Apparel owes $934,033.56.
Meanwhile, Kanye also owns two properties that have failed to pay property taxes.
One is a four-bedroom mansion in Calabasas, which he bought with ex Kim Kardashian in May 2018 for $2.2million.
He was then given the 300-acre property as part of their divorce deal.
Kanye hasn't paid any taxes on that pad since 2021 - meaning he now owes a total of $81,154 - that's $26,759 in 2021, $26,781 in 2022 and $27,614 in 2023.
The 46-year-old was also awarded a three-bedroom apartment in Calabasas, which he and Kim bought together for $1.6million in August 2017.
Yet he stopped paying taxes this year, which totals $19,939.
For the two properties, unpaid property taxes stand at a combined $101,093.
In total, Kanye owes $1,035,126.56 in property and business taxes.
It remains to be seen whether he'll pay the hefty sum any time soon as the penalties continue racking up.
His recent erratic behavior is mirrored by his business dealings, as it was revealed last month that the Malibu oceanfront property he bought for $57million in September 2021 was being put up for sale for $4million less.
13 comments:
Whatever. Unless this man goes to prison he will always have a life more luxurious than my 66k a year salary could ever attain.
He doesn’t have a financial advisor to manage his money? Smh.
I'm sure he has more than one financial advisor, but you know he's not going to listen until it's too late.
Surviving Kanye
In a manic state it's all about spending money not paying bills. Seems like his wife would help him tend to his affairs but I guess she's too busy letting him dress her like a prostitute.
50 Said What 🤦🏿♀️
Deleting comments is why this blog sucks
Once the money is gone watch Kanye start dating black girls again. BM always do it after they become broke. Kanye will learn the hard way that the industry is fine with you disrespecting your own but once you cross the line and disrespect them you will be black balled and drained dry. I don't feel sorry for him at all.
The state of California never forgets. Good luck!
2024 Kanye death watch. He might make it to the fall.
Nah the Fake Rich r all going broke, it's Karma Time in the cosmic arena. It's all debt not paid off.
I agree 1041
A lil hard pressed to believe KW is broke. For one thing he is saving a bundle by dressing his wife in stockings, pillow props, g strings and shoes. In about 2 years and 1 baby she will tell all about how she never wanted to dress like that and was threatened not to speak. Kanye broke, yeah ok no way she would disgracing herself like that for nothing
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