Meanwhile we are trying to eat

Crossville TN

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It pays to be rich! America's wealthiest, including Tom Brady, Khloe Kardashian, Reese Witherspoon, Kanye and Nancy Pelosi's husband 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, 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 Kanye West's Yeezy LLC borrowed $2,363,585, with $1,772,689 being spent on payroll for 106 staff 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 most cases, the loans have been 'forgiven' so the full amount, including interest, will not have to be repaid, despite the owners' wealth. The companies of mega-rich celebrities, including billionaires Kanye West and Jay-Z, received millions in government PPP loans – and in virtually every case the A-listers have been let off the hook for paying back the full amount. For the first time, DailyMail.com can reveal the exact amounts that these wealthy companies got through the Payment Protection Program, which was set up for desperate businesses hit by the Covid pandemic. In all but two of the cases we examined, the company was 'forgiven' despite the star owners being multi-millionaires. The status of the others is unknown. In all but two of the cases we examined, the company was 'forgiven' despite the star owners being multi-millionaires. The status of the others is unknown. The loan program cost US taxpayers $953billion, with the University of Texas estimating that 15 percent of PPP claims – around $76billion – were fraudulent. It was claimed that after the first round of PPP loans, up to 90 percent of ethnic minority business owners were unsuccessful at getting the loan and were at the 'end of a line', according to an Associated Press survey, which showed a disproportionate amount of white people in rich areas being approved for a loan. Yet celebs and their businesses had no problems. (Campaign Doners) 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. Jay-Z is associated to two firms approved for a loan two years ago. Malibu Entertainment is linked to his streaming platform Tidal and took $2,106,398 to secure 95 jobs and was let off of repaying the full amount. Yeezy's Adidas sneaker line's profits increased during the pandemic from $1.3 billion in 2020 to $1.7 billion in 2021, a rise of 31 percent. Kanye West himself has a net worth of about $2billion. A subsidiary, Yeezy Schloss LLC, borrowed $15,625 for one employee and was forgiven all but $147. A loan will be forgiven, including the one percent interest, through a complicated calculation based on the amount, how many employees were maintained during the coronavirus crisis and on what hours/wages were compared to pre-covid. Kanye's one-time sister-in-law 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. Khloe's net worth is reportedly $60million. The company is said to be worth $12.7 million and made $1million in sales on its first day of business in 2016. Jay-Z is associated to two firms approved for a loan two years ago. Malibu Entertainment is linked to his streaming platform Tidal and took $2,106,398 to secure 95 jobs and was let off of repaying the full amount. His champagne brand Armand De Brignac Holdings – where he holds a 50 percent stake – borrowed $293,119 for payroll, which was fully disbursed. It is not stated if the loan was paid back. Sean Combs's cable network, Revolt Media and TV LLC, took $1,929,252 for 134 jobs, which was forgiven. The two rappers are among the highest paid celebrities in the world, with Jay-Z worth $1.3billion, while Combs, aka Puff Daddy or Diddy, is just behind with a net worth of $900million. The crap has to stop.