Kanye West still owes over $1 million in back taxes, and his finances are getting worse and worse.
The rapper, songwriter, and designer has had a rough couple of years since Adidas, Gap, Balenciaga, and many other brands dropped him after his anti-Semitic rants. His net worth went from $2 billiоn to $400 million.
As of now, DailyMail.com knows that his clothes company, Yeezy Apparel, LLC, has been Һit with four current tax liens for a total of $934,033.56 in back taxes that it owes.
The rapper’s recent tantrums have shocked the world. To make things even worse, he pays $101,093 in property taxes on two houses he owned with his ex-wife Kim Kardashian.
The Franchise Tax Board of the State of California last asked for money in March 2023. They wаnted $319,356.58, which includes a $97,063.78 fine and $9,644.40 in interest.
This is because taxes were not paid from October 2021 to March 2022.
The rapper is still facing two more tax liens.
The company owes $321,591.71 in taxes, fines, and interest for the years April to September 2021. One was made in September 2022.
There was another one in February 2022 for $279,085.99, which has a penalty of $92,374 and interest. This was for the time frame of January 2020 to March 2021.
The first lien was for $13,999.28 in July 2021, which included fines and interest for three months starting in April 2020.
We are owed a total of $934,033.56 by Yeezy Apparel.
At the same time, Kanye owns two homes that have not paid their property taxes.
One is a Calabasas home with four bedrooms that he bought for $2.2 million with his ex-girlfriend Kim Kardashian in May 2018.
As part of the divorce deal, he was then given the 300-acre farm.
He owes a total of $81,154 on that pad because he hasn’t paid any taxes on it since 2021. That’s $26,759 in 2021, $26,781 in 2022, and $27,614 in 2023.
Also, the 46-year-old man won a three-bedroom apartment in Calabasas, which he and Kim bought together in August 2017 for $1.6 million.
He stopped paying taxes this year, though, which cost him $19,939.
A total of $101,093 in property taxes have not been paid on the two homes.
Kanye has a tax bill of $1,035,126.56 for business and land taxes.
The penalties keep adding up, so it’s not clear if he’ll pay the big amount any time soon.
It was revealed last month that the Malibu beachfront home he bought for $57 million in September 2021 was being put up for sale for $4 million less. This is in line with his recent odd behavior in business.
Even though Kanye’s builders tore the building apart and left it to rot, they still want to buy it.
Tony Saxon, who is in charge of the project, is suing him because he wants to turn it into a “bоmb shelter from the 1910s” and was warned about the “dаnger.”
The house still needs water, electrical systems, HVAC, doors, windows, and finishes inside.
A real estate agent named Jason Oppenheim told The Wall Street Journal, “It will cost several million dollars to finish the house.” “The house still has a lot of its architectural integrity and value.”
Kanye, who is now known as Ye, also gave up on his plans to move his Yeezy business to Wyoming.
However, the building that is now home to Yeezy HQ on Melrose Ave in West Hollywood is in bad shape.
He has been seen traveling the world with his Australian wife Bianca Censori instead of fixing things. He often dresses her in very little clothing.
Page Six reported in October 2022 that Kanye, who had previously said he was a millionaire, might have money problems. Sources said that even though he has a lot of cash on hand, he also has a lot of bills that he needs to pay. If he doesn’t fix the problem, he could be in big trouble.
A source close to him said that he has “a lot of cash by anyone’s standards,” but that he also spends a lot of it quickly.
Throughout his career, the rapper has been involved in a lot of controversy. He has had public fights with Taylor Swift, Drake, and even the Kardashian family, which he attacked on social media over and over again.
In 2016, he was admitted for a mentаl emerge𝚗cy. In 2018, he first said that he had bipolar illness.
He has lost deals and friends because of the disturbing things he has said, like saying “slаvery is a choice” and insistence that George Floyd died of a fentanyl аccident and not from being killed by Minneapolis police officer Derek Chauvin.
During a Paris Fashion Week show for his Yeezy line in 2022, he and conservative journalist Candace Owens wore shirts that said “White Lives Matter.” This got him fired from the top talent agency CAA and Johnny Depp’s lawyer Camille Vasquez.
The fashion guide Kanye West and Vogue have decided not to work together again. Fans have stopped buying his songs and thrown away things from his Yeezy line.
The magazine Forbes says that Kanye lost his billionaire position when his business contracts ended.