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ace3csusm

(969 posts)
Mon Jul 6, 2020, 03:28 PM Jul 2020

Kanye West's company has received a multimillion-dollar loan

Kanye West’s company Yeezy LLC, a California company, is listed in the Treasury’s log as a recipient of a loan worth between $2 million and $5 million.

An now he is running for president

https://www.thedailybeast.com/billionaire-kanye-wests-company-yeezy-llc-gets-multimillion-dollar-ppp-loan-from-trump-admin?ref=home

8 replies = new reply since forum marked as read
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Kanye West's company has received a multimillion-dollar loan (Original Post) ace3csusm Jul 2020 OP
Probably a Trump approved PPP loan. texasfiddler Jul 2020 #1
Most likely. ...nt 2naSalit Jul 2020 #5
A TrumPPP Loan Blue Owl Jul 2020 #7
The odd thing about this talk of Kanye receiving mysterious loans of this size Mike 03 Jul 2020 #2
If he uses it as payroll, it's forgiven and doesn't need paid back jimfields33 Jul 2020 #3
+++++++++++++!!! 2naSalit Jul 2020 #4
Correct thats why they ran out to get they dont need to pay back ace3csusm Jul 2020 #6
When you get that rich, you never risk your own money... Wounded Bear Jul 2020 #8

Mike 03

(18,690 posts)
2. The odd thing about this talk of Kanye receiving mysterious loans of this size
Mon Jul 6, 2020, 03:32 PM
Jul 2020

is that according to Forbes and other sources he's a billionaire, allegedly $1.3 billion. Why does someone this wealthy bother with loans of this size. Borrowing costs money. Why is he taking these loans out? I'm leaning more and more towards this being an impulsive (I'm being charitable, not speaking about his mental issues) grab at attention.



Kanye West is now officially a billionaire and he really wants the world to know

After months of requests, the hip-hop superstar shared financial records, revealing details about his wildly popular Yeezy sneaker empire—and his fixation on outside validation.
https://www.forbes.com/sites/zackomalleygreenburg/2020/04/24/kanye-west-is-now-officially-a-billionaireand-he-really-wants-the-world-to-know/#319a68ab7b9e

 

jimfields33

(19,382 posts)
3. If he uses it as payroll, it's forgiven and doesn't need paid back
Mon Jul 6, 2020, 03:41 PM
Jul 2020

Free money is why.

Wounded Bear

(64,654 posts)
8. When you get that rich, you never risk your own money...
Mon Jul 6, 2020, 05:16 PM
Jul 2020

It's always OPM. Other people's money.

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