Lil Wayne has gone on to become one of the biggest rap stars in the HipHop scene. Having arrived on the scene in the late 90s to early 2000s, the guy’s career spans over a few decades. He’s basically lived several lives at this point. He’s gone from one of the biggest breakout rap stars, to owning the Best Rapper Alive title to now a successful businessman. Lil Wayne has secured several investments, including serving as the head of Young Money Records, writing a book, and creating a skater shoe line.
Despite all his success, the former Young Money Records CEO had a couple of run-ins with the IRS. In fact, he was swimming in an ocean full of debt a couple times. Fortunately, his good friend Jay-Z stepped in and helped the rap star handles his tax debt.
Lil Wayne Owed The IRS Millions In Taxes
The last person we’d expect to have any financial troubles would be Lil Wayne himself. Even the greatest of us sometimes fall down. According to HipHopDX and The Blast, the IRS came after Lil Wayne after owing them millions of dollars in taxes. Furthermore, the national tax creditor company put two liens against the “She Will” rapper. While one was from his failure to pay $7 million in tax debt back in 2011, the second stemmed from a $6.8 million in back taxes from 2012. In total, the rapper owed $14,194, 944. Understandably so, that number would scare the hair off anyone.
Jay-Z Comes To His Rescue
Fortunately, Li Wayne received some major help from his good friend Jay-Z. Back in 2018, USA Today reported that Lil Wayne expressed his deep gratitude to Hough during a live performance in Chicago.
“There’s people like Jay-Z. He helped me when I was really, really, really down. Really, really, really down. Jay don’t want me to tell nobody. That man helped me with my taxes. He’s a real friend, y’all,” Lil Wayne said to his millions of fans.
Any friend that’s willing to help us with the IRS and fix our taxes, is a keeper for sure. Kiddos to Hough for coming to Lil Wayne’s rescue.