Kanye West’s financial instability has been a recurring theme despite his high-profile status. Reports of his debt date back years, with rumors emerging as far back as the 2005 music video for his single “Touch The Sky.” The rapper is currently grappling with a series of challenges, including multiple lawsuits and accountability for recent controversial statements and actions.
Adding to his troubles, West is facing over $1 million in unpaid taxes in California, stemming from his Yeezy brand and two properties in the state. On top of the tax burden, he is confronting a $4.5 million lawsuit from his former business manager, Thomas St. John. Hired as a financial advisor in 2022 under an 18-month contract, St. John was abruptly terminated after three months. Now, he is suing West for breach of contract, seeking unpaid wages.
In the midst of these financial woes, West has potentially delayed the release of his new album once again. Despite his previous promise of a collaborative project with Ty Dolla $ign titled “Vultures,” the album has faced numerous delays, with leaked versions surfacing online. The anticipated New Year’s Eve release did not materialize, and the next scheduled release date of January 12 has been removed.
Despite the setbacks, West and Ty Dolla $ign appear committed to eventually sharing the album, even commemorating the project with matching “Vultures” tattoos. What are your thoughts on Kanye West’s $1 million in unpaid taxes and the new $4.5 million lawsuit?