‘Isn’t he a billionaire?’ Kanye West slammed by Sharon Osbourne for taking millions in PPP small business loans for his Yeezy company
- Osbourne said it was ’embarrassing’ for the star to take the government money
- Yeezy was given between $2million to $5million to retain 106 jobs, according to information from the Treasury Department released Monday
- Forbes magazine valued West’s worth at over a billion back in April
- Sister-in-law Khloe Kardashian took between $1million and $2million for her Good American clothing line
- Reese Witherspoon’s brand Draper James received between $350k and $1m under the fund
- Other recipients include parts of The Church Of Scientology, P.F. Chang’s, artist Jeff Koons, a restaurant owned by Channing Tatum and The Girl Scouts
Sharon Osbourne is taking ‘billionaire’ Kanye West to task for receiving millions in PPP small business loans.
The Talk panelist said it was ’embarrassing’ for the rapper/fashion designer to accept the money from the federal government’s Payroll Protection Program while sounding off during Wednesday’s episode.
‘When you are so wealthy, your family, everybody in your family is so wealthy, why are you doing this?’ Sharon, 67, wondered before adding: ‘I think he should give the money back.’
‘Embarrassing’: Sharon Osbourne slammed Kanye West for taking millions of dollars in PPP small business loans for his apparel brand Yeezy
On Monday the federal government released the the names and some other details of recipients who were approved for $150,000 or more of the small business stimulus. (Those names only account for 15% of the PPP’s total recipients.)
One of the more surprising recipients was West’s Yeezy brand, which received somewhere between $2m to $5million in order to keep 106 people employed, according to data from the Treasury Department.
This news comes just months after Forbes bestowed Kanye with the coveted billionaire status, valuing the multi-hyphenate at $1.3billion.
And Sharon wasn’t impressed.
‘Well he should have used the 1.3 [billion] and put it in his company,’ she told her fellow panelists during the latest remote episode of the CBS chat show.
Not chump change: West’s Yeezy brand received somewhere between $2m to $5million in PPP in order to keep 106 people employed
Cutting the checks: On Monday the federal government released the the names and some other details of recipients who were approved for $150,000 or more. Above the US Treasury Building is seen
What’s the point? ‘When you are so wealthy, your family, everybody in your family is so wealthy, why are you doing this?’ Sharon, 67, wondered before adding: ‘I think he should give the money back’
‘I know obviously, you know the airlines had to be bailed out, but for me, it’s kind of like small companies, I thought it was like mama and papa type companies that really don’t have that much profit in the bank so you know they need help to keep people’s jobs and everybody going.’
‘And I just think that when you have that sort of cash, it’s embarrassing to ask when you have it yourself.’
She continued: ‘You have it, you have more than enough to keep 100 people going, so why ask the government, take from the government? I just don’t get that.
‘When you are so wealthy, your family, everybody in your family is so wealthy, why are you doing this? I think he should give the money back.’
Have some class: ‘I just think that when you have that sort of cash, it’s embarrassing to ask when you have it yourself,’ Sharon went on
Made in America: Sister-in-law Khloe Kardashian’s Good American clothing company got a loan of between $1 million and $2 million dollars, able to retain 57 jobs through the coronavirus downturn
Kanye wasn’t the only one in the Kardashian family to take PPP money.
Sister-in-law Khloe Kardashian’s Good American clothing company got a loan of between $1 million and $2 million dollars, able to retain 57 jobs through the coronavirus downturn.
Other celebs also got a piece of the action.
Southern charm: Reese Witherspoon’s Southern-themed clothing brand Draper James received between $350,000 and $1 million under the fund, helping it to keep 44 people employed
Higher calling: Other interesting recipients include several of The Church Of Scientology’s smaller churches and missions. Above the church’s Hollywood Celebrity Centre
Reese Witherspoon’s Southern-themed clothing brand Draper James received between $350,000 and $1 million under the fund, helping it to keep 44 people employed.
Channing Tatum’s New Orleans restaurant, Saints and Sinners, was approved for between $150k and $350k toward its 27 workers.
Other interesting recipients include The Girl Scouts, the chain restaurants P.F. Chang’s and T.G.I. Fridays, several of The Church Of Scientology’s smaller churches and missions, high-priced fine artist Jeff Koons, and the non-profit The Americans for Tax Reform Foundation.
Art of the deal: The Girl Scouts, the chain restaurants P.F. Chang’s and T.G.I. Fridays, high-priced fine artist Jeff Koons (work above), and the non-profit The Americans for Tax Reform Foundation also received funds
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