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 is always making headlines.

Recently, he recalled owing the IRS (Internal Revenue Service) a whopping $20 million, for no apparent fault of his.

Even though the unforeseen incident deeply impacted him right after his marriage to Majorie, Steve’s net worth has only grown massively over the years.

Wondering how he found himself in that position? Let us tell you!

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Steve Harvey owed IRS $20 million

In an interview, Steve recounted how he landed in trouble with the IRS following the death of his accountant.

He said: “My accountant died, and an accountant that worked for him called my lawyer and said, ‘We have a problem’. She had found on the floor all my tax forms for seven years, signed with the checks stapled to them.”

“They were cashing the checks, keeping the money, and not turning in the tax forms….They didn’t cash it, they took the money out [of] the account that matched the exact number,” he added further.

That got Steve into trouble and has was asked to pay a whopping $20 million.

Photo by Chelsea Lauren/WireImage

How did he pay off the tax debt?

Back in 2016, Steve told Yahoo! that he came to know about how much he owed IRS when he had just gotten married to Majorie.

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

He was determined to pay it back even it required him to take up multiple jobs.

“I just went to work. I took every gig and every contract and I worked and worked. I hung in there and I had a big deal come through in 2012 and I got free. And it’s been OK ever since,” Steve said.

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What is his net worth in 2022?

Steve has an estimated net worth of $200 Million, according to Celebrity Net Worth. That makes his debt from back in the day look tiny..

The celebrity host reportedly makes $45 million a year just with his salary.

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

He gained more popularity as a television host than a comedian. Steve became notable for hosting Family Feud and its spinoff show Celebrity Family Feud.

Not only did Steve receive Emmy nominations in 2013 for the categories of Outstanding Talk Show Host and Outstanding Game Show Host Daytime, but he also got a star on the Hollywood Walk of Fame.

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

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