Entertainer, political dilettante and spouse of a sex tape performer Kanye West received a loan for more than $2 million through the Payroll Protection Program, according to paperwork released from the Small Business Administration reviewed by the Hollywood Reporter.
The newly-declared presidential candidate, who has a purported personal net worth of $1.3 billion, claims the money saved 160 jobs at his company, Yeezy.
Yeezy reported $1.3 billion in sales of its sneaker line in 2019, which would have needed West approximately $150 million.
PPP was passed in May as a way to help small businesses keep people on their payrolls during the economic downturn caused by the coronavirus pandemic and the subsequent widespread job loss.