Steve Harvey’s $20 million IRS debt now looks tiny compared to his net worth

Steve Harvey is one of the most relevant celebrities today. From hosting gigs to his stance on daughter Loris’ relationship with Michael B. Jordan, he never fails to make headlines.

He recently recalled owing the IRS (Internal Revenue Service) a whopping $20 million through no apparent fault of his own.

Though the unforeseen incident hit him hard right after his marriage to Majorie, Steve’s fortune has only grown massively over the years.

You’re wondering how he got into this position? let us tell you!

Steve Harvey owed IRS $20 million

in a (n interviewSteve shared how he got into trouble with the IRS after the death of his accountant.

He said, “My accountant died and an accountant who worked for him called my attorney and said, ‘We have a problem.’ She had found all of my tax forms from seven years on the floor, signed with the checks attached.”

“They cashed the checks, kept the money and didn’t file the tax forms… They didn’t cash it, they took the money out [of] the account that matched the number exactly,” he added.

This got Steve in trouble and he was ordered to pay a whopping $20 million.

How did he pay off the tax debt?

Back in 2016 Steve recounted Yahoo! that he found out how much he owed the IRS when he had just married Majorie.

“I sat my wife down and she cried and I held her and I told her everything was going to be fine; I wanted to get us out,” he said.

He was determined to pay it back, even if it meant taking on multiple jobs to do so.

“I just went to work. I took every gig and every contract and worked and worked. I stuck it out and I stuck it out in 2012 and I got free. And it’s been fine ever since,” Steve said.

What is his net worth in 2022?

Steve has an estimated net worth of $200 million, according to the information celebrity net worth. That makes his debts from back then look tiny.

The celebrity host reportedly makes $45 million a year from his salary alone.

His career in comedy spanned 27 years. He performed his last stand-up at the MGM Grand in Las Vegas in 2012.

He gained more popularity as a television host than as a comedian. Steve has been notable for hosting Family disputes and its spinoff show Celebrity Family Quarrel.

In addition to receiving Emmy nominations for Outstanding Talk Show Host and Outstanding Game Show Host Daytime in 2013, Steve also received a star on the Hollywood Walk of Fame.

He owns properties in multiple locations, including mansions in Atlanta, Texas and Chicago.

In other news, Howard Schultz’s net worth was revealed as Starbucks founder returned as CEO