Sources close to the Osbourne family have revealed that legendary rock star Ozzy Osbourne faced significant financial difficulties before his death. The report comes from The National Enquirer.
The National Enquirer claimed that Ozzy and Sharon were reportedly hit with two tax liens by the feds — one for $689,107 in 2023 and another for $4,362,410 in 2024. An insider provided details about the family’s financial situation and Ozzy’s determination to continue working despite his declining health.
“Ozzy was in serious debt towards the end when he was dying, and it’s clear he was determined to work hard so he could get his family as much money as possible, which makes it so tragic,” the source said.
The insider elaborated on concerns about Ozzy’s final performances and the impact on his health.
“A lot of people worry he pushed himself too far doing the last show — he could barely walk or stand — but he had his reasons, especially with the debts they racked up,” they continued.
The source also addressed the challenges now facing Sharon Osbourne in the aftermath of her husband’s passing.
“Now, Sharon, who’s already grieving that he went so suddenly, must pick up the pieces and figure out what they have and settle accounts,” the insider revealed. “The feds and their other creditors will be coming after the estate, so she is bracing herself.”
The financial pressures described by the insider align with documented tax issues that had been mounting for the rock legend in recent years.
Radar Online reported that Ozzy Osbourne owed over $5 million in tax liens to the IRS at the time of his death. Two major liens were filed in 2023 and 2024. These substantial tax obligations likely contributed significantly to the financial strain mentioned by sources close to the family.
The timing of Ozzy’s final performance adds another layer to the story of his determination to continue working despite his declining health. His last concert with Black Sabbath took place just 17 days before his death. The show was a major charitable event that raised approximately $190 million, distributed among several organizations. It remains unclear whether Ozzy personally received payment for that show.
Ozzy had taken steps to secure his family’s future through careful estate planning despite the mounting debts and tax issues. Economic Times noted that he had meticulously planned his estate to ensure his $220 million fortune would be fairly divided among his six children from two marriages.
The estate arrangements were reportedly designed to avoid family conflict and provide for all his heirs, including those less in the public eye. Parade indicated that this considerable net worth reflects his decades-long career and business endeavors. The outstanding debts present significant complications for the estate’s management that Sharon must now navigate.
The report suggests Sharon Osbourne now faces the difficult task of managing the estate’s financial obligations while dealing with her grief.
