• About
  • Advertise
  • Careers
  • Contact Us
Monday, September 25, 2023
Monday, September 25, 2023
Finance In US
  • Cryptocurrency
  • Credit Score
  • Insurance
  • Investments
  • Loans
  • Mortgage
  • Online Applications
  • Real Estates
No Result
View All Result
  • Cryptocurrency
  • Credit Score
  • Insurance
  • Investments
  • Loans
  • Mortgage
  • Online Applications
  • Real Estates
No Result
View All Result
Finance In US
No Result
View All Result
Home Loans

30 Celebrities that got PPP loans

by finance
September 30, 2022
in Loans
12 min read
0
Celebrities that got PPP loans
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Celebrities got larger percentage of the PPP loans than small businesses who were struggling to maintain their employees.

PPP loan was an initiative supports small businesses with funds during the COVID-19 period in order for such businesses to be able to maintain and keep their employees. This was mainly for small businesses who were struggling to find their feet around the COVID-19 pandemic.

The PPP loan was introduced in 2020 during the emergency of COVID-19 pandemic as part of CAREs Act which will provide relief to affected small business and individuals. The main purpose of this initiative during the COVID period was to support small businesses to stay on track and be able to keep their workers as well as pay them.

On the other hand, it seems the big businesses and rich personalities in the United State were the ones gaining much from this benefit. It was recently realized that most of the big companies and celebrities benefited much from the PPP loans.

Although these large businesses and celebrities are super rich, they still got the PPP loans through their connections. They became richer during the COVID-19 pandemic while genuine small businesses were still struggling and laying off workers.

In this article, we will list some celebrities who got the PPP loans who were supposed to qualify to benefit from it.

30 Celebrities that got PPP loans

These celebrities and their companies are regarded as large with less financial problems but they still got the PPP loans. This left out some some small businesses who were supposed to secure these loans in order to still keep their workers on payroll.

RELATED POSTS:  Midwest Loan Services-Payment Methods

However, the PPP loans was for small businesses struggling during the COVID-19 pandemic but these rich celebrities benefited more.

Here are some of the celebrities who secured PPP loans.

1. Oprah Winfrey

Harpo production owned by Oprah Winfrey secured a Paycheck Protection Program loan of $1 which was invested into the business although she was super rich.

2. Arnold Schwarzenegger

His company, Oak Production also got a PPP loan of $2 million.

3. Tyler Perry

Tyler’s company known as Tyler Perry Studios secured a PPP loan of $3 million.

4. Dwayne “The Rock” Johnson

According to reports, Dwayne Johnson popularly known as “The Rock” was of the celebrities who first broke out the news they had received their PPP loan and encouraged small businesses to apply.

5. Jay Z

The hip hop musician was among the celebrities who benefited from the PPP loans. His organization, Roc Nation received a PPP loan of $3 million.

6. Seth Rogen

Point Grey Pictures owned by Seth Rogen also received its share of the PPP loan of $1.8 million.

7. Tom Hanks and Rita Wilson

These two also received the PPP loans after they recovered from being infected with COVID-19.

8. Rihanna

American singer, Rihanna who is into the fashion business with her company, Fenty secured a PPP loan of $2 million.

9. LeBron James

According to LeBron James’ business partner Maverick Carter, they also received a PPP loan for Uninterrupted (their company).

10. Kylie Jenner

Kylie Jenner’s company, Kylie Cosmetics also applies and received a PPP loan although she is regarded as one of the young billionaires in the world.

RELATED POSTS:  Bank Statement Loans In California

11. Ludacris

He owns a restaurant known as Straits located in Atlanta, USA. His business also received a PPP loan of $150,000.

12. Madonna

Maverick owned by Madonna got a PPP loan of $1.1 million.

13. Martha Stewart

Martha Stewart Living Omnimedia received a PPP loan of $2 million.

14. Gwyneth Paltrow

Gwyneth Paltrow is the owner of Goop, a skincare production company. The company also received a PPP loan of $145,000.

15. Barbra Streisand

Barbra Streisand organization, Barwood Films had a PPP loan of $1 million.

16. Bruce Springsteen

Jon Landau Management got a PPP loan of $1 million. This management company is owned by Bruce Springsteen.

17. Sting

Cherrytree Management owed by Sting also got a PPP loan of $1 million.

18. Billy Joel

Faegre Baker Daniels (owned by Billy Joel) applied and received a PPP loan of $1 million.

19. Celine Dion

Celine Dion’s company (ATOZ Production) secured a PPP loan of $1 million.

20. Bon Jovi

Crush Management owned by Bon Jovi also received a PPP loan of $1 million.

21. Kanye West

Rapper and fashionista Kanye West (Ye) got his share of the PPP loans for his Yeezy fashion in 2020.

22. Tom Brady

Tom Brady’s company, TB12 Inc received a PPP loan of $960,855 million.

23. Khloe Kardashian

Khoe’s clothing brand, Good American was also a beneficiary of the PPP loan.

24. Reese Witherspoon

Reese Witherspoon’s clothing brand Draper James received a PPP loan during the pandemic.

25. Robert Kiyosaki

Robert Kiyosaki, author and investor, benefited a PPP loan between for his business, Rich Dad Operating Co.

26. Jeff Koons

RELATED POSTS:  Car Registration Loans In Arizona

It was reported that Jeff Koons who is a well-known artist also benefited from the PPP loan for his studio.

27. Pearl Jam, Rock Band

Grunge rock band Pearl Jam’s touring company received a PPP loan too.

28. Diddy

Diddy’s, Revolt Media and TV LLC also got a PPP loan of $1,929,252 for maintaining and paying him employees.

29. Mark Wahlberg

For his restaurant business, Wahlburgers, Mark Wahberg received a PPP loan to support his business and keep employees on payroll.

30. Rae Sremmurd

Hip hop duo Rae Sremmurd also received a PPP loan for their Sremm Touring, LLC.

The above are some of the list of rich celebrities who got PPP loans through the federal government initiatives to support small businesses during the pandemic. However, they enjoyed greater percentage of this benefit.

Also, it was reported that most these celebrities who benefited from the PPP loans were forgiven. Thus, they didn’t pay back the money borrowed nor the interest.

Tags: celebrities that got PPP loans
finance

finance

Related Posts

Flagged PPP Loans

Reasons For Flagged PPP Loans

by finance
October 1, 2022
0

Recent investigations and audit by the SBA shows that some of the PPP loans have been red flagged due to...

BMO Harris Express Loan Pay

BMO Harris Express Loan Pay

by finance
September 29, 2022
0

BMO Harris Express Loan Pay provides you with safe and reliable of processing same-day payments directing from your checking accounts...

Texas Auto Center Finance Number

Texas Auto Center Finance Number

by finance
July 26, 2022
0

You can call Texas Auto Center Finance number to make payment and make inquiry on how to purchase your used...

Both Mortgages and Auto Loans-Similarities

Both Mortgages and Auto Loans-Similarities

by finance
December 17, 2021
0

Both mortgages and auto loans are regarded as secured loans since they require a collateral as a form of security....

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
No Result
View All Result
  • Cryptocurrency
  • Credit Score
  • Insurance
  • Investments
  • Loans
  • Mortgage
  • Online Applications
  • Real Estates

© 2021 Finance In U.S - Finance News, Tips, Guides & Information In U.S Finance News, Tips, Guides & Information In U.S.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In