https://welovetrump.com/2022/08/18/p...m_campaign=PTN
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.
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.
Jared Kushner - PPP Loan $3M - forgiven
Kanye - PPP $2.3M Jay Z - PPP $2.1M Diddy - PPP $1.9M - forgiven
Paul Pelosi - PPP $1.7M - forgiven
Khloe Kardashian - PPP $1.2M - forgiven
Reese Witherspoon - PPP $975k - forgiven
Tom Brady - PPP $960k - forvigiven
12:33 PM ? Aug 17, 2022
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.
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.
Jared Kushner - PPP Loan $3M - forgiven
Kanye - PPP $2.3M Jay Z - PPP $2.1M Diddy - PPP $1.9M - forgiven
Paul Pelosi - PPP $1.7M - forgiven
Khloe Kardashian - PPP $1.2M - forgiven
Reese Witherspoon - PPP $975k - forgiven
Tom Brady - PPP $960k - forvigiven
12:33 PM ? Aug 17, 2022
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