Kanye West Reportedly Owes $1 Million In Taxes, Catches Break In Separate Lawsuit

BYLavender AlexandriaPublished on January 03, 20241.6K Views

President Trump Hosts Kanye West And Former Football Player Jim Brown At The White House

WASHINGTON, DC - OCTOBER 11: (AFP OUT) Rapper Kanye West speaks during a meeting with U.S. President Donald Trump in the Oval office of the White House on October 11, 2018 in Washington, DC. (Photo by Oliver Contreras - Pool/Getty Images)

West owes more than $5 million combined between the taxes and lawsuit.

Kanye West has a long history of financial instability for somebody with such a high profile. Rumors of his debt have gone back years and reportedly date all the way back to the music video for his 2005 single "Touch The Sky." Now amid a myriad of other problems for the rapper including multiple lawsuits and accountability for some of the statements and actions he's made in recent years. And piling on top of it all is even more money troubles.

West is reportedly on the hook for more than $1 million in unpaid taxes in the state of California, according to AllHipHop. The taxes come from a pair of places starting with his Yeezy brand and two properties he owns in the state. On top of that pile of owed taxes, West was subject to a $4.5 million lawsuit from his former business manager Thomas St. John. West reportedly hired him as a financial advisor in 2022 and signed an 18-month contract. But after 3 months St. John was abruptly fired. However, he is now dropping the lawsuit.

Kanye West's Tax And Lawsuit Burdens

Earlier today, Kanye West may have once again delayed his new album. Last month, he promised a new collaborative project between him and Ty Dolla $ign called Vultures was dropping soon. Since then the project has been delayed numerous times and a version of it even leaked online in advance of the scheduled release. That might have something to do with why the album wasn't released on its previously announced New Year's Eve date. It has also now had its next release date of January 12 deleted.

Despite all the delays the pair still seem committed to sharing the album eventually. They both got matching Vultures tattoos recently to celebrate the supposedly impending release of the album. What do you think of Kanye West's $1 million in owed taxes? Let us know in the comment section below.

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About The Author

Lavender Alexandria

Lavender Alexandria is a music and culture journalist based in Los Angeles, California. She’s covered dozens of musical genres and styles from the most mainstream to the most experimental and underground on her blog and accompanying YouTube channel that looks at music, pop culture, and Billboard charts since 2017: Lav’s Music Corner. Lavender has produced editorial and listicle content both in written and video form over the past far years and has also interviewed up-and-coming artists like Censored Dialogue. Her experiences covering culture have taken her from Hyperpop parties in LA to underground rap shows in Atlanta, to DIY punk shows in Charlotte. Lavender has also written for iHeartRadio, covering some of the biggest artists in Hip Hop such as Ice Spice, Drake, Doja Cat and Cardi B. She also has bylines with ScreenRant and continues to write for Ringtone magazine. Lavender is a lifelong Charlotte Hornets fan and her favorite rap artists include Clipping, Little Simz, Earl Sweatshirt, and Kendrick Lamar.