Connect with us

Kanye West's yeezy clothing brand owes California $600,000 in unpaid tax debt

Victorious

Published

on

Follow
ENTERTAINMENT CELEBRITY: Kanye West's yeezy clothing brand owes California $600,000 in unpaid tax debt [New Entertainment Celebrity] » Naijacrawl
Photo: Naijacrawl

A new document has revealed that Kanye West owes California $600,000 in taxes and has received three notices about unpaid fees in two years.



The American rapper, 45, reportedly received a tax lien notice in July 2021 and another one in September 2022 linked to his clothing brand Yeezy.

West, who now goes by the name Ye, has been candid about his financial stress since 2016 when he came clean about his $53 million debt in 2016.

The former billionaire was also dropped from Forbes' high-status rankings after companies such as Adidas cut ties with the rapper over his rampant antisemitism.

West has received various lien notices since July 2021. A lien refers to a claim that is put onto an individual's assets if they have unpaid debts. The first lien the clothing brand received was $13,999, according to Forbes.

The second lien was sent in February 2022 for $279,085, and in September he received another one for $321,591. In total, the liens add up to more than $610,000. 

Edward McCaffery, a USC law professor told NBC: 'Multiple California tax liens, adding up to $600,000, that's certainly a sign of either extreme incompetence or extreme cash problems.

'That is kind of an Amber Alert for the financial health of the enterprise.' 

The controversial rapper's financial debt has appeared to of got him into some trouble with the IRS. 

West told podcaster Tim Pool on November 28 that the IRS enforced a $75 million hold on four of his bank accounts. He also said he owed $50 million in taxes. 

'Ok, so they froze, they put a $75 million hold on four of my accounts,' West told Pool. 'And then they said you owe a lot of taxes. Took me, like, six hours to find out how much 'a lot' was. They said, well, around $50 million.'
West has a track record of not paying his tax dues. 
The singer admitted on The Late Late Show with James Corden of being $35 million in debt in 2018. But he said in 2019, he got a $68 million tax return. 
'Last year I made a $115million and still ended up $35million in debt,' he previously explained.
'This year I looked up and I just got $68million returned to me on my tax. 

In 2016, the rapper stunned his fans after he told them he was $53 million in debt. 

He announced his debt on Twitter and asked for prayers. West wrote at the time: 'I write this to you my brothers while still 53 million dollars in personal debt... Please pray we overcome... This is my true heart...'

In 2015, West also admitted that he went $16 million into debt when he attempted to get his Yeezy clothing line off the ground. 

Click Here To Comment




Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

“What Olamide owes me after Ramadan fasting” – Nigerian singer, Burna Boy

Victorious

Published

on

ENTERTAINMENT CELEBRITY: “What Olamide owes me after Ramadan fasting” – Nigerian singer, Burna Boy [New Entertainment Celebrity] » Naijacrawl
Photo: Naijacrawl
Burna Boy, an African superstar, has turned to Twitter to reveal what Olamide owes him following Ramadan fasting.He felt compelled to express his feelings and resorted to Twitter to announce that the YBNL boss owed him 40 AZUL after Ramadan fasting.In his words, he tweeted:After Ramadan, na @Olamide go Gbemi Trabaye. He dey owe me something like 40 AZUL. I need all. ”Nigerians flooded the tweet and shared their thoughts via its comment section.
Continue Reading

“No Balance, No Show”- Davido Calls Out A Show Promoter Over Unpaid Balance

Victorious

Published

on

ENTERTAINMENT CELEBRITY: “No Balance, No Show”- Davido Calls Out A Show Promoter Over Unpaid Balance [New Entertainment Celebrity] » Naijacrawl
Photo: Naijacrawl
The Nigerian singer, Davido, has angrily called out a show promoter in Italy for refusing to pay his balance for a show in Italy.He hopped on Instagram to drag him and also demand he keep to his part of their agreement. Davido recounted how he couldn’t get a landing permit for his private jet and was forced to use 3 connecting flights to Italy.Davido also revealed that his Promoter sold tickets for his show, but he is refusing to pay him. According to Davido, he usu...
Continue Reading

DJ Fat Tony Claims That He Sold His Banksy Pieces To Pay My Tax

Victorious

Published

on

ENTERTAINMENT CELEBRITY: DJ Fat Tony Claims That He Sold His Banksy Pieces To Pay My Tax [New Entertainment Celebrity] » Naijacrawl
Photo: Naijacrawl
DJ Fat Tony has recalled in a new interview how he was once forced to sell his Banksy artwork in order “to pay my tax” bill.Speaking in an interview with The Times, the DJ born Tony Marnoch was asked about “the most important lesson you have learnt about money”.Fat Tony, who has been clean from drugs for 15 years, replied: “When I got clean, I wanted to go legit. It was daunting. I’d wake up at 2am, panicking about brown envelopes. By 7am I’d want to kill myself, be...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.