Billionaire Kanye Received Millions in Federal Stimulus Money
Yesterday on The MRL Morning Show Roy wanted to know how I felt about Kanye voicing that he’d be running for Presidency this year, then he hit me with this.
Kanye West’s company ‘Yeezy’ took the government bailout money. To survive the shutdown, Yeezy applied for the ‘Paycheck Protection Program,’ where he took up to $5 million.
Now off the bat, when you first read that, you’re like WTF!? Forbes magazine reported Kanye West earned $170 million last year and as of April 2020 he became hip hop’s second billionaire – so what in the world does he need $5 million for? If he spends at least 60% of that on Yeezy payroll, Kanye won’t even have to pay back the government for the loan.
But then, according to the SBA database that aid allowed Yeezy to retain 106 jobs. Last month, Kanye donated $2 million to Black Lives Matter charities and also pledged to pay for the college tuition of George Floyd’s 6-year-old daughter, Gianna Floyd. He has also pledged to pay the legal fees for the families of George Floyd, Breonna Taylor and Ahmaud Arbery.
