Kanye West's tax troubles escalate as Yeezy debt tops $1 million

Kanye West’s financial situation appears increasingly precarious as his companies, including the iconic Yeezy brand, now face over $1 million in unpaid taxes. 

Park County records reveal his Psalm Cody Ranch LLC owes $2,780.33 and $2,966.66 in overdue property taxes from his recently sold Monster Lake Ranch in Cody, Wyoming. 

Additionally, Yeezy Apparel is grappling with four outstanding tax liens totaling $934,033, exacerbating the rapper’s fiscal woes.

Since splitting from Kim Kardashian, West's financial maneuvers have become unpredictable, with Forbes reporting a drastic decrease in his net worth to $400 million two years ago. 

Amid these financial strains, Yeezy's operations are winding down, pausing new orders and slowly fulfilling existing ones. 

Kanye's staffing strategy has also shifted predominantly to freelance hires from places like Adidas and London-based fashion firm Mowalola.

Legal troubles and operational chaos continue to cloud West's enterprises. 

His former lawyer Brian Brumfield has stepped down, citing non-communication and unpaid dues, highlighting ongoing legal battles and management issues. 

Despite substantial earnings, including a $70 million revenue in early 2024 from Yeezy, Kanye's financial and legal challenges persist, painting a complex picture of his business empire and personal fortune.