Kanye West’s Yeezy clothing brand owes California $600,000 in unpaid tax debt, state liens reveal – just weeks after he lost his billionaire status
- Kanye West’s Yeezy clothing brand owes California $600,000
- Records showed the company has been notified three times since 2021
- Experts said that the debt is a warning sign of ‘extreme cash problems’
- West, 45, previously admitted in 2016 that he was $54 million in debt
Kanye West owes California $600,000 in taxes and has received three notices about unpaid fees in two years, documents revealed.
Disgraced rapper West, 45, was first 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.
Kanye West’s Yeezy clothing brand owes California $600,000, according to documents
Yeezy’s headquarters is located in Calabasas, California (above). He opened his business in the state in 2017
West has received various lien notices since July 2021. A lien refers to a claim that is put onto an individual’s asset 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 told podcaster Tim Pool last week that four of his accounts were frozen by the IRS because he owes $75 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.
Lots to say: Kanye West continued his Twitter ranting on Saturday and admitted he is $53 million in debt in 2016
West was married to Kim Kardashian when he first announced his debt in 2016. Seen in 2019
West inked his lucrative deal with the brand Adidas in 2015 and it was meant to continue until 2026 (pictured in 2019)
The German sporting goods terminated its partnership with Kanye West after releasing a statement that called his comments ‘unacceptable, hateful and dangerous’
West was previously diagnosed with bipolar disorder in 2018 after being hospitalized in 2016 for a psychiatric emergency.
He has been the center of contention the past few months amid backlash against his recent antisemitic remarks.
In October, West wrote an anti-Semitic tweet declaring he would go ‘death con 3 On JEWISH PEOPLE.’
The tweet, along with his other recent remarks led to a blow to his multi-billion-dollar fortune, especially as major brands, including Foot Locker and Adidas decided to pull the Yeezy collection from their shelves.
The rapper had a $1.5 billion deal with Adidas and earned $191 million in royalties in 2020 alone.
West previously claimed that he lost $2 billion in a single day when the companies continued to sever ties with him in October.
Discussing the backlash, West insisted at the time that ‘money is not who I am’ as he penned a ‘love letter’ to Hollywood super agent Ari Emanuel, who had called for West to be dropped by all major brands.
In a post captioned ‘LOVE SPEECH’, he penned: ‘Ari Emanuel, I lost 2 billion dollars in one day and I’m still alive. This is love speech. I still love you. God still loves you. The money is not who I am. The people is who I am.’
West has claimed in October that he lost $2 billion in a single day as companies have continued to sever ties with the rapper following his anti-Semitic remarks (pictured in May)
Backlash: Super-agent Ari Emmanuel encouraged all major brands to stop working with West in an op-ed on account of his recent tirade against Jewish people, particularly those in media
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