Wyclef Jean Flat Broke, Owes IRS $2.9 Million And $100k In Legal Fees
Where did all of Wyclef Jean fortune go?
The former Fugees member is flat broke according to his business manager. Wyclef is reportedly up to his neck in debt including a $2.9 million tax debt to the IRS and owe over $100,000 in legal fees.
The Haitian born singer also owes law firm Shukat Arrow Hafer Weber & Herbsman $102,027.40.
Wyclef Jean reportedly the first $133,000 in legal fees but reached a deal to settle the debt for $60,000. The deal requested that Wyclef paid $10,000 in August and $50,000 in December, but if he defaulted on the payments to amount will jump back to $100,000 plus interest.
Well it turns out Wyclef defaulted on the payments and now owe a total of $102,027.40 to the law firm.
In 2012, Wyclef Jean came under fire for his handling of the finances for his charitable organization Yele Haiti. The organization received over $16 million in donations in the aftermath of the mega earthquake that decimated the Haitian capital Port-Au-Prince.
The organization has since being dissolved leaving a trail of debts.
The Fugees is one of hip-hop’s most commercially successful bans of all time, with their 1996 album The Score selling over 10 million copies worldwide and winning a Grammy for Best Rap Album.