Entertainment

Kanye West owes over $1million in property and business taxes after failing to pay on two luxury Calabasas homes he shared with Kim Kardashian as well as his Yeezy brand that now has FOUR claims against it

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.

Kanye West owes over $1million in unpaid business and property taxes, DailyMail.com can reveal. In total, the rapper owes $1,035,126.56

Kanye West’s Yeezy Apparel has four active tax liens filed against it over the last three years for $934,033.56 in unpaid taxes

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.

Kanye has failed to pay taxes on two properties he was awarded in his divorce from Kim Kardashian. He owes $101,093 in property taxes

Kanye hasn’t paid taxes on a four-bed mansion in Calabasas, which he bought with ex Kim Kardashian in May 2018 for $2.2million. He owes $81,154

The 46-year-old was also awarded a three-bed apartment in Calabasas, which he bought with Kim for $1.6million in August 2017. He stopped paying taxes in 2023, which totals $19,939

Kanye is selling his minimalist Malibu mansion for $53million because its concrete walls are too gray, an insider revealed

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.

This is despite it being a shell of a building after Kanye’s builders ripped it apart and have now left it to rot.

He’s currently being sued by the project’s manager Tony Saxon, who claims he wanted to turn it into a ‘bomb shelter from the 1910s’ and was told of the ‘danger of such actions.’

The house now lacks doors, windows, plumbing, electrical systems, HVAC, and interior finishes.

‘It will take several million dollars for the house to be finished,’ realtor Jason Oppenheim told The Wall Street Journal. ‘Much of the architectural integrity and the architectural value of the house exists.’

Kanye, now known as Ye, also abandoned plans to move his Yeezy operation to Wyoming.

The new Yeezy HQ is now on Melrose Ave in West Hollywood, but the building has fallen into disrepair.

Instead of tending to the repairs, he’s been seen gallivanting around the world with his Australian wife Bianca Censori, who he often dresses in scantily clad ensembles.

Kanye has been seen lately gallivanting around the world with his Australian wife Bianca Censori, who he often dresses in scantily clad ensembles

Adidas publicly parted ways with West in October 2022

Prior to his split with Adidas, Forbes estimated Kanye to be worth $2million, now it’s down to $400million

In October 2022, Page Six reported that Kanye – who previously claimed to be a billionaire – could hit financial trouble, as sources said that while he has a large stash of cash, he also has vast expenses and could be in trouble if he doesn’t turn the tide.

An insider revealed that he has ‘a lot of cash by anyone’s standards,’ but he also has a ‘high cash burn rate.’

The rapper  has been no stranger to scandal throughout his career, which has been marred by infamous public feuds with the likes of Taylor Swift, Drake and even the Kardashian family, whom he repeatedly attacked on social media.

He was hospitalized for a psychiatric emergency in 2016  and first revealed his bipolar disorder diagnosis in 2018.

In addition to losing deals, he’s lost the support of fans for his troubling comments – including claiming that ‘slavery is a choice’, and insisting that George Floyd died of a fentanyl overdose and was not murdered by Minneapolis cop Derek Chauvin.

In 2022, he was dropped by top talent agency CAA and Johnny Depp’s lawyer Camille Vasquez after he and and conservative commentator Candace Owens donned tops that read White Lives Matter during a Paris Fashion Week showcase for his Yeezy line.

Fashion bible Vogue decided not to work with Kanye in the future, fans have boycotted his music and thrown away items from his Yeezy line.

According to Forbes, Kanye loss his billionaire status following the termination of his business contracts.

KANYE’S UNPAID TAX BREAKDOWN

TOTAL OF UNPAID TAXES: 1,035,126.56

Yeezy Apparel

Tax lien one:

Filed: March 10, 2023

Period: October 1, 2021 to March 31, 2022

Unpaid tax: $212,648.40

Penalty:$97,063.78

Interest: $9,644.40

Total: $319,356.58

Tax lien two:

Filed: September 12, 2022

Period: April 1, 2021 to September 30, 2021

Unpaid tax: $212,886.46

Penalty: $98,070.85

Interest: $8,634.40

Total: $321,591.71

Tax lien three:

Filed: February 7, 2022

Period: January 1, 2020 to March 31, 2021

Unpaid tax: $186,080.72

Penalty: $85,810.33

Interest: $7,194.94

Total: $279,085.99

Tax lien four:

Filed: July 13, 2021

Period: April 1, 2020 to June 30, 2020

Unpaid tax: $8,866.30

Penalty: $4,681.85

Interest: $451.13 interest

Total: $13,999.28

Unpaid business tax total: $934,033.56

Property taxes

Property 1:

2021: $26,759

2022:  $26,781

2023:  $27,614

Total: 81,154

Property 2:

2023: $19,939

Total: 101,093

Related Posts

‘Goonies’ Sequel ‘Curse of One-Eyed Willy’ Is Releasing in Theaters in Summer 2026?

The 1985 classic film “The Goonies” was a hot topic of discussion on social media in early 2024, with users sharing news of a sequel title and poster….

QG Part 1 – (Hindi) Official Trailer | Vivek Kumar Kannan | Sunny Leone | Jackie Shroff | Priyamani

QG Part 1 – (Hindi) Official Trailer | Vivek Kumar Kannan | Sunny Leone | Jackie Shroff | Priyamani The plot centers around a mysterious protagonist who embarks…

Aranmanai 5 – Official Trailer | Sundar.C | Vijay sethupathi | Yogi babu | Hiphop Tamizha

“Aranmanai 5” is a cinematic masterpiece that opens up a world of mystery and suspense with its distinctive blend of supernatural and eerie elements. The story unfolds in…

CHUCKY vs M3GAN: Blumhouse Teases Epic Showdown in 2024

Blumhouse Productions has just released the highly anticipated teaser trailer for their upcoming 2024 horror crossover, CHUCKY vs M3GAN. The film brings together two of the most iconic…

The Boy 3: The Curse Continues – Official Trailer Released

The chilling new installment of The Boy franchise, titled The Boy 3: The Curse Continues, has finally unveiled its official trailer for 2024, and it promises to bring…

WINTER CHAINSAW MASSACRE | Teaser Trailer 2025 | Netflix

𝑁𝑒𝑡𝑓𝑙𝑖𝑥 ℎ𝑎𝑠 𝑗𝑢𝑠𝑡 𝑑𝑟𝑜𝑝𝑝𝑒𝑑 𝑡ℎ𝑒 𝑐ℎ𝑖𝑙𝑙𝑖𝑛𝑔 𝑡𝑒𝑎𝑠𝑒𝑟 𝑡𝑟𝑎𝑖𝑙𝑒𝑟 𝑓𝑜𝑟 𝑊𝑖𝑛𝑡𝑒𝑟 𝐶ℎ𝑎𝑖𝑛𝑠𝑎𝑤 𝑀𝑎𝑠𝑠𝑎𝑐𝑟𝑒 (2025), 𝑎 𝑓𝑟𝑒𝑠ℎ 𝑎𝑛𝑑 𝑖𝑐𝑦 𝑡𝑎𝑘𝑒 𝑜𝑛 𝑡ℎ𝑒 𝑖𝑛𝑓𝑎𝑚𝑜𝑢𝑠 𝐿𝑒𝑎𝑡ℎ𝑒𝑟𝑓𝑎𝑐𝑒. 𝑇ℎ𝑖𝑠 𝑤𝑖𝑛𝑡𝑒𝑟-𝑡ℎ𝑒𝑚𝑒𝑑 ℎ𝑜𝑟𝑟𝑜𝑟 𝑖𝑛𝑠𝑡𝑎𝑙𝑙𝑚𝑒𝑛𝑡 𝑠𝑒𝑡𝑠 𝑡ℎ𝑒…

Leave a Reply

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