It pays to be rich! America's wealthiest, includin
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Posted On: 08/17/2022 3:11:15 PM
It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon and Kanye all took millions in PPP loans - and nearly ALL have been forgiven
Celebrities including Kanye West, Jay-Z and Khloe Kardashian received millions in government PPP (Payment Protection Program) loans, which were set up for desperate businesses hit by the Covid pandemic.
DailyMail.com can now reveal the exact amounts that these millionaires took out via the government program.
Reese Witherspoon's clothing company, Draper James LLC, was given $975,472 in the first PPP round for payroll and rent, and had the loan wiped out.
Kanye West's Yeezy LLC, based in La Palma, California, borrowed $2,363,585, with $1,772,689 being spent on payroll for 106 staff.
Tom Brady's company, TB12 Inc, was given $960,855 to help secure 80 jobs. The full amount, plus interest of nearly $12,000, is fully forgiven.
Khloe Kardashian's denim brand Good American LLC had a loan of $1,245,405 approved on April 14, 2020, mostly for the payroll of 57 workers. The full amount, plus interest, was forgiven. In nearly every case, their companies have been 'forgiven' and will not have to pay back the full amount, including interest, despite the owners' wealth.
https://www.dailymail.co.uk/ushome/index.html
Celebrities including Kanye West, Jay-Z and Khloe Kardashian received millions in government PPP (Payment Protection Program) loans, which were set up for desperate businesses hit by the Covid pandemic.
DailyMail.com can now reveal the exact amounts that these millionaires took out via the government program.
Reese Witherspoon's clothing company, Draper James LLC, was given $975,472 in the first PPP round for payroll and rent, and had the loan wiped out.
Kanye West's Yeezy LLC, based in La Palma, California, borrowed $2,363,585, with $1,772,689 being spent on payroll for 106 staff.
Tom Brady's company, TB12 Inc, was given $960,855 to help secure 80 jobs. The full amount, plus interest of nearly $12,000, is fully forgiven.
Khloe Kardashian's denim brand Good American LLC had a loan of $1,245,405 approved on April 14, 2020, mostly for the payroll of 57 workers. The full amount, plus interest, was forgiven. In nearly every case, their companies have been 'forgiven' and will not have to pay back the full amount, including interest, despite the owners' wealth.
https://www.dailymail.co.uk/ushome/index.html
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