‘Stronger’ rapper Kanye West claims the IRS has frozen four of his bank accounts due to a $50 million tax debt.
The 45-year-old rapper has reportedly lost his billionaire status after being accused of making antisemitic comments last month, which saw Adidas end their nine-year partnership with Yeezy.
It’s said his net worth has dropped to around $400 million (£334m), and he has claimed he owes the IRS $50 million ($42m) in back taxes.
Claiming he is being “debanked”, Kanye told the ‘Timcast IRL’ podcast: “I’m talking about literally finding out that they were trying to put me in prison this morning. But I found out — okay, so they froze, they put a $75million (£63m) hold on four of my accounts.
“And then they said, you owe a lot of taxes. Took me like six hours to find out how much. A lot — was it — well, around $50 million.”
The star noted he is “obviously not the most financially literate person on the planet”, and so he has turned to “different CFOs” to see if he’s at risk of being charged with tax evasion.
Kanye admitted he basically stopped learning after rising to fame in his mid-20s, when he had other people to handle various parts of his life.
He added: “So now… I get to actually learn how to run a company. I get to learn how to, you know, to count, really. It’s like I didn’t even know where to put the money.”
Source: Bang Showbiz
