Jay-z, Kanye West & Diddy’s Multi-million Dollar Ppp Loans Reportedly Forgiven
JAY Z, Kanye West and Diddy are among the most wealthy Hip Hop artists They can also be among the many celebrities who will not have to pay the federal government on Paycheck Protection Program loans. In the report by the Daily Mail , the three received the sum of $6.3 million in PPP loans to create 335 jobs for their different businesses. Diddy took out $1,929,252 to fund the Revolt Media company, while Revolt Media company, Ye took out $2,363,585 for the Yeezy LLC company, while Hov has taken out a total of $2,399,517 to two companies, Tidal and Armand De Brignac Holdings. According to ProPublica the loan status of Yeezy has been declared “not disclosed” despite the Yeezy sneakers increasing in profits during the pandemic between $1.3 billion at the end of 2020 and $1.7 billion by 2021 which is an increase of 31 percent. This Paycheck Protection program was made available to small-sized firms as well as companies to keep em...