Kanye West's Yeezy Took as Much as $5 Million From Pandemic Loan Program
Kanye West's Yeezy company received between $2 million and $5 million in loans from the Paycheck Protection Program rolled out during the early days of the pandemic, according to The Hollywood Reporter. Yeezy claims the loans saved 106 jobs. West will not have to pay back the loans if the funds were spent on eligible costs. According to The Daily Beast, West and wife Kim Kardashian both "have celebrated attaining billionaire status recently," with the rapper tweeting, “I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire." Loans of $150,000 and above represent about 13 percent of all loans approved, but about three quarters of total dollars loaned out by the relief program.