5 Famous Celebrities That Got PPP Loans List

Searching for celebrities that got PPP loans? Below is the list of them! According to an analysis by the Washington Post, more than half of the over $522 billion in loans disbursed through November 2020 went to barely 5% of the more than 5 million beneficiaries. Forbes, citing research by the Washington Post, found that most SBA loans went to larger companies.
Even though the SBA had previously claimed that 87% of loans went to smaller ones, fewer than a quarter of the money was for ($28%) borrowers seeking loans of less than $150,000. This post will provide you with a list of the five famous celebrities that got PPP loans. If you want to catch up with Entertainment news, access these websites.

#1. Famous Celebrities That Got PPP Loans List

1. Kanye West

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Soon after declaring himself a millionaire in 2020, announcing 10-year cooperation with Gap, and going public with plans to build a 52,000-square-foot house on his ranch in Wyoming, the Daily Beast reported in July 2020 that West had secured millions in PPP loans for his Yeezy fashion line.
The Daily Mail reported that of the $2,363,585 borrowed through his Yeezy LLC, $1,772,689 went toward paying his 106 employees' salaries. According to the Daily Mail, a Yeezy subsidiary borrowed $15,625 for one employee, and everything except $147 was forgiven. However, the current status of this loan is "secret" Also, Ye has just been banned from two big social media platforms, click here for full information.

2. Brady - Famous Celebrities That Got PPP Loans

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According to the Daily Mail, Brady borrowed $960,855 PPP to fund TB12 Inc, the sports performance and nutrition company he co-founded with his body coach Alex Guerrero. Eighty employment was the promise as a result of the loan.
When people found out that the Tampa Bay Buccaneers quarterback had been given the loan in February 2021, they started a Change.org petition to ask him to pay it back. About 180,000 people signed the letter. They thought Brady could have made more than $350 million during his NFL career. Part of the petition said, "By taking this money, he is taking advantage of the government just like any con artist would take advantage of a person on the street."

3. Kushner’s family - Celebrities Got PPP Loans

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While Kushner was helping to coordinate his father-in-reaction law to the epidemic, three PPP loans were for his family's various businesses. According to the Daily Mail, Observer Holdings, LLC, owned by the Kushner family, is a newspaper publisher that received initial loan approval on April 27, 2020. Thanks to a loan of $800,407, the company could keep 41 employment at the company. They waived all payments on the loan, including the interest.
In April 2020, the Kushner family's hotel business, Princeton Forrestal, LLC, had a loan for $1,569,977. According to the Daily Mail, Esplanade Livingston, LLC, which owns the land on which the Kushner family of New Jersey's Westminster Hotel stands, got a $630,735 loan to pay 56 employees. They canceled the loan payment and any interest that had built up. Also, they also canceled the full balance of the loan.

4. Paul Pelosi

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Another highly influential person whose firm benefited from PPP forgiveness is Paul Pelosi. According to the Daily Mail, Paul Pelosi owns 8.1% of EDI Associates, a restaurant company in North Bay that has taken out two PPP loans. It had two debts written off, totaling $711,708 and $996,392.

5. Other Famous Celebrities With PPP Loans

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The $975,472 PPP loan obligation of Reese Witherspoon's Draper James LLC was forgiven, and Jay-Malibu Z's Entertainment was released from paying back the whole $2,106,398 of its loan. Reese Witherspoon and Jay-Z have respective net worths of $1.3 billion and $400 million.
Similarly, the Daily Mail reports a $1,929,252 loan to Sean Comb's cable network, Revolt Media and TV LLC, and a $1,245,405 loan to Khloe Kardashian's denim line, Good American LLC, has gone too. Loans totaling $629,335 and $452,302 were almost entirely or completely forgiven to rock bands Pearl Jam and Green Day traveling companies. If you are interested in movie news, here are some of the best websites for you.
 
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