Inside Tyga's Financial Problems: Mansions, Lawsuits and Back Taxes
FFor an estimated $46,500 a month, the rapper is reportedly leasing a 12,800-sq.-ft. mansion in Bel Air, California, that’s just a stones throw away from Kanye and Kim Kardashian West and appears to have been showcased in a series of Snapchat videos by on-again girlfriend Kylie Jenner.
The news comes just days after a Keeping Up with the Kardashians source told PEOPLE that Jenner and the 26-year-old rapper are back together after calling it quits for the second time – and Jenner, 18, even invited him to move into her new Hidden Hills home.
“He still has money problems,” the source added of Tyga, who has had numerous financial issues in recent years.
Tyga and Jenner went house hunting in Westlake in April after he was evicted from a Hollywood Hills home he was renting earlier this year.
In May, rumors swirled that Tyga owed Jenner more than $2 million. Jenner took to Twitter to shut down the speculations.
Weeks earlier, he and Blac Chyna – the mother of his 3-year-old son King Cairo who is currently engaged to Jenner’s brother Rob Kardashian – held a three-day estate sale for all of their shared belongings, according to TMZ.
They reportedly sold a Ms. Pac Man arcade game, a marble table, a crystal chandelier, Tyga merchandise, a $500 Egyptian statue and other items with prices ranging from $500 to $1,200.
Last November, TMZ reported that the rapper tried to buy a $10 million mansion near Jenner, who then lived in Calabasas, California, but wasn’t able to close the deal after entering escrow three times. (His rep couldn’t be reached for comment at the time.)
Around the same time, Tyga found himself embroiled in a legal battle over a $8 million home he rented and tried to buy in September 2014: His landlord sued him for $70,000 in unpaid rent, and he countered with a breach of contract lawsuit.
Meanwhile, the state claimed last September that the rapper owes more than $19,000 in back taxes from 2009, 2010 and 2011. And a judge ruled against Tyga in January 2014 following a dispute with jeweler Jason of Beverly Hills, ordering him to pay about $200,000 for allegedly stealing $91,000 worth of diamond and gold pieces in an incident his rep deemed a “misunderstanding,” according to TMZ.
Tyga gained fame when his 2011 single “Rack City” became a smash hit, peaking at No. 8 on the Billboard Hot 100. But following a feud with Young Money, he released The Gold Album: The 18th Dynasty independently in June. The album flopped, selling just over 2,200 copies in its first week, according to Complex. Still, Tyga defended the project, tweeting that he focused on making his music available for free streaming because of “label problems.”
That hasn’t stopped his extravagant spending: When Tyga gifted Jenner a $320,000 Ferrari for her 18th birthday in August, some speculated that he’d only leased the vehicle, a rumor he attributed to his ex Chyna.
“When the hating don’t work they start telling lies. #WhereYoFerarriTho,” he wrote on Instagram.
Although things appear to be looking up for Tyga, it may take a while yet for him to fully step out of the shadow of his financial woes.