'Stronger' rapper Kanye West claims the IRS has frozen four of his bank accounts due to a $50 million tax debt.
Kanye West claims the Internal Revenue Service 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."
His comments come after the 'Stronger' hitmaker - who has legally changed his name to Ye - confirmed plans to run for president again in the United States for the 2024 elections, and he enlisted the services of controversial far-right figure Milo Yiannopoulos to help with his campaign.
Meanwhile, last week he told reporters: "The reason why I’m announcing that I’m running for president is I want the FCC to look at my money.
"If the FCC was looking at my money, there would be a possibility that Adidas wouldn’t have went into JP Morgan Chase and froze my account … and put a $75 million hold on four different accounts.”
On the same day that Glastonbury welcomed back Margate's adopted sons, The Libertines, Margate itself put on it's very own Leisure Festival as it...
Sheffield's very own all girl group Pretty Fierce are still on a high after the recent release of their debut single - 'Ready For Me'.
Three nights before the end of his current tour Will Varley returned to his home town of Deal to delight a sold out crowd in The Astor Theatre.
With only a few days to go before Portsmouth based songstress and producer WYSE releases her new single, 'Belladonna', we caught up with her to find...
Colorado raised, Glasgow educated and Manchester based Bay Bryan is nothing if not a multi-talented, multi-faceted artist performing as both...
Former Marigolds band member Keelan Cunningham has rediscovered his love of music with his new solo project Keelan X.
Wiltshire singer-songwriter Luke De Sciscio, formally known as Folk Boy, is set to release is latest album - 'The Banquet' via AntiFragile Music on...
Electronic music pioneer and producer Annie Elise says that the release of her first EP - 'Breathe In, Breathe Out' feels "both vulnerable and...
Though Derek and Hansel have left the world of fashion modelling behind them, a part...
This blending of the stoner bromance with the Christmas comedy works surprisingly well, layering gross-out...
Derek, Hansel and some other familiar faces are back in Zoolander 2! After offering their...
Ever since Chris, Ethan and Isaac were young, the trio of friends have always spent...
After a disastrous return to the fashion industry following his retirement, which almost ended in...
Made in America Festival is an annual music event founded by rapper and businessman Jay-Z...
DJ Peanut Butter Wolf set up independent LA label Stones Throw Records in 1996 and...
The legend of San Diego's Channel 4 news team may have long since dissolved over...
The news used to be a noble profession before the likes of Ron Burgundy with...
Ron Burgundy compares a Dodge Durango's horsepower to that of an actually horse before insulting...
Ron Burgundy, Brian Fantana, Brick Tamland and Champ Kind have now hit the eighties and...