Kanye West disclosed that he nearly went to jail due to his current $50 million IRS debt.
In a report originally published by Vibe, Ye confessed his difficult financial circumstances to presenter Tim Pool during an interview with the Timcast IRL podcast on Monday, November 28.
The rapper appeared alongside right-wing commentators Nick Fuentes and Milo Yiannopoulos. He stated that he had been told by his “financial guys” that he would “had to pay a lot of taxes.”
“I’m talking about literally finding out that they were trying to put me in prison this morning,” the fashion designer said. “But I found out — okay, 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, well, around $50 million,” he said.
West continued stating that he isn’t “the most financially literate person on the planet” and that he went around to his businesses’ “different CFOs” to see whether or not he was participating in tax evasion. This then led the rapper to disclose that he hasn’t known “how to run a company.”
“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 of his finances. “It’s like I didn’t even know where to put the money.”