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IRS Freezes Ye’s Bank Accounts Due to Owed Taxes

Ye allegedly owes approximately $50 million in back taxes.

Ye, the rapper formerly known as Kanye West, has been beset by misfortune in recent months as various controversies have him hemorrhaging money and influence. As questionable decisions and condemned comments have partners pulling out and opportunities drying up, Ye’s net worth has dwindled to around $400 million, a far cry from his previous heights. It seems, however, that he’s about to lose another large chunk of change to the IRS.

In an interview on right-leaning podcast Timcast IRL, Ye admitted that the IRS had placed a freeze on his various bank accounts. “I’m talking about literally finding out that they were trying to put me in prison this morning,” the rapper said. “But I found out — OK, so they froze, they put a $75 million 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. They said, well, around $50 million.”

Admitting that he is “obviously not the most financially literate person on the planet” Ye spoke with the “different CFOs” of his various business ventures to determine if he could be found guilty for deliberate tax evasion.

“So now I’m having — I get to actually learn how to run a company. I get to learn how to, you know, to count, really,” Ye said, adding, “It’s like I didn’t even know where to put the money.”

The IRS has not publicly confirmed the matter, stating that it cannot divulge the details of a private citizen’s tax matters.

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