Rock’s First Couple, Ozzy and Sharon Osbourne, are selling their Malibu beach home just weeks after the British pair were slapped with a multimillion dollar lien by tax officials in the US.
The Osbournes are seeking $10 milllion for the 4,500 square-foot, five bedroom, five bathroom home boasts two balconies with spectacular ocean views. The rock couple purchased the property in 2003, but began renting it out for $40,000 a month last summer. Earlier this month, Ozzy and Sharon learned they were at risk of losing the property after running up a $1.7million tax bill. That’s a far cry from 2005, when The Osbournes were listed among the UK’s most wealthy couples, boasting an accumulated fortune worth $160 million.
After initially blaming the couple’s longtime accountant for the tax snafu, Sharon, 58, eventually took full responsibility for the debt. She vowed to take better care of her finance in the future.
“Even though he is paid to do a job, the buck stops with me. He did say ‘I’m to blame,’ but I’m to blame because I didn’t care enough. I was too involved with myself. I cancelled two meetings with him over the last 18 months because I was way too busy. The last couple of years, I have really been concentrating on myself – because I think I love myself a little bit too much – and not taking care of business,” the America’s Got Talent judge said.