Kanye West’s Company Received $2 Million PPP Loan From Trump Admin – Report

Kanye West’s Company Reportedly Received $2 Million PPP Loan From Trump Admin

Kanye West is currently on a mission to be the next President of the United States. The business mogul however, reportedly received a $2 million PPP loan from Trump’s administration during the pandemic shutdown.

About a week ago, it was announced that his wife, Kim Kardashian, had also become a billionaire after closing a deal with beauty brand, COTY inc.

Although Kanye is a Billionaire, and according to Forbes, Yeezy reportedly made $1.5 billion last year. It didn’t stop him from receiving a PPP Loan. According to the U.S. Treasury’s Small Business Administration, the multi-million dollar payout was part of the federal stimulus package payout.

 

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Name one thing that you would change if you were president. 🤔✊🏾 #kanyewest #kanyeforpresident

A post shared by Kanye West (@kanyew.est) on Jul 6, 2020 at 10:18am PDT

Many smaller businesses were unable to receive a PPP loan because the Trump administration chose to payout to large corporations who could have survived the shutdown.

The Daily Beast shared that Yeezy LLC is listed in the Treasury’s log as a recipient of a loan worth between $2 million and $5 million.

The company self-identified as being male-owned and a Black or African-American business and that 160 jobs were saved using the loan.