BREAKING NEWS

Rich Getting Richer: Kanye West, Khloé Kardashian, Nancy Pelosi's Husband, Jay-Z & More Wealthy Celebs Have Their PPP Loans FORGIVEN After Borrowing Millions

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Source: Mega

Aug. 17 2022, Published 5:30 p.m. ET

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Talk about the rich getting richer! Kanye West, Khloé Kardashian, Reese Witherspoon, Nancy Pelosi's husband, and Jay-Z's companies are among the list of brands owned by wealthy celebrities whose loans have been forgiven after they borrowed from Uncle Sam during the pandemic.

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RadarOnline.com has learned that each of the well-known stars listed above participated in the Payment Protection Program, which the government set up to help companies that suffered during the COVID-19 shutdown.

The loan program reportedly cost hardworking taxpayers nearly $953 billion, with an estimated 15 percent of those claims being fraudulent.

However, billionaires like Kanye and Jay-Z and a slew of other rich A-listers' loans were "forgiven."

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ppp loans
Source: Mega

The list of companies owned by those living the high life who won't have to pay a cent back has been exposed by the Daily Mail, and it might shock you.

Ye — who's worth an estimated $2 billion — took out more than $3 million in the PPP loan for Yeezy LLC and has been completely "forgiven." According to the website, the Donda rapper used $1,772,689 on payroll for his 106-person staff.

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His soon-to-be former sister-in-law Khloé was also forgiven for her clothing company Good American's $1,245,405 loan which also used most of the money to pay its nearly 60 employees.

Jay-Z — whose net worth topples at more than $1 billion — is associated with two companies that locked down loans that are double what the music mogul is worth.

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Source: Mega
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Records show the companies with ties to Jay-Z's streaming site Tidal secured $2,106,398 in government assistance for salaries and won't have to pay a cent back.

Witherspoon's clothing company Draper James LLC was handed $975,472 to pay her staff and property rent. The loan has also been forgiven.

Football star Tom Brady has been excused from paying $960,855 plus $12,000 in interest for his company, TB12 Inc.

The loans weren't just forgiven in Hollywood. Politicians don't have to pay the money their companies borrowed back either.

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ppploans
Source: Mega

Donald Trump's son-in-law Jared Kushner's family took out three loans during the pandemic totaling in just over $3 million, which have all been fully cleared, according to DM.

The ex-president's archenemy Nancy Pelosi's husband, Paul's restaurant company also borrowed more than $1 million, also completely forgiven.

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