Steve Harvey revealed that he ran afoul of the IRS, owing them more than $20 million.
“When my accountant died, a colleague called my lawyer and said, ‘We have a problem,'” he explained in an interview with Earn Your Leisure.
“She discovered on the floor all of my seven-year tax returns, signed and stapled with the checks.”
“They were cashing the checks, keeping the money, and not submitting the tax forms,” he added. They did not cash it; rather, they transferred the funds to the account that contained the exact figure.”
He spent seven years repaying $650,000 a month in interest, which included his current taxes.
According to Yahoo News, this occurred during his marriage to Marjorie. He believed he would lose everything — from his property to his wife — at the time. However, he stated that she was a considerate woman.
“I sat my wife down and she cried, and I embraced her and reassured her that everything would be fine; I would get us out,” he explained.
“I’ve just arrived at work. I accepted every gig and contract and worked nonstop. I persisted until a significant agreement came through in 2012, and I was set free. And it’s been fine since then,” he explained.
What is Steve Harvey’s current net worth?
The host of “Family Feud” has a net worth of $200 million and has appeared on other shows such as “The Steve Harvey Morning Show.”