Khloé Kardashian Took Over $1 Million in PPP Loans Despite Her $40 Million Net Worth

by Jeremy Spirogis
Khloé Kardashian smiling at the camera and waving

Khloé Kardashian is probably not fairly as well-known as sisters Kim or Kylie, however she has spent years constructing a legacy all her personal. Kardashian, 36, is finest recognized for starring alongside along with her household in Keeping Up with the Kardashians since 2007. She’s additionally starred in a number of different exhibits, just like the KUWTK spinoffs Kourtney and Khloé Take Miami, Khloé and Lamar (again when she was married to NBA star Lamar Odom), and as a bunch on The X-Factor and most just lately Revenge Body with Khloé Kardashian.

While Kardashian actually loves the highlight, she’s additionally been engaged on her mogul sport behind the scenes, too. Specifically, she’s making an attempt to make her mark on the world of trend along with her activewear and denim model, Good American. Kardashian has had an enormous quantity of success and has the stacks of coin to match … so why did she just lately take a $1 Million Paycheck Protection Program (PPP) mortgage regardless of her huge internet price?

Khloé Kardashian smiling at the camera and waving
Khloé Kardashian | Charles Sykes/Getty Images

Kardashian’s clothes firm has helped her amass an enormous quantity of wealth

Kardashian is price a reported $40 million {dollars}! Keeping Up with the Kardashians stays possible her largest supply of that revenue. Yet Good American, the clothes model she based in 2016, is an more and more viable moneymaker for her as nicely. The proven fact that Kardashian pledged to cater to an array of physique sorts had clients so pumped that she truly offered $1 million in denims simply on the primary day … that’s a LOT of denim! The firm has continued to remain sturdy within the four years since.

Good American wasn’t Kardashian’s first foray into trend, both, as she is called a mode icon herself. She additionally spent greater than a decade operating a clothes chain referred to as Dash along with her sisters. Additional revenue streams embrace her numerous appearances on tv in addition to her work as a producer, so she undoubtedly has many revenue streams contributing to her huge wealth.

Yet Kardashian nonetheless took greater than $1 Million in PPP Loans

Even although Kardashian has greater than sufficient private wealth to drift Good American on her personal, she nonetheless made the choice to take out greater than $1 Million in PPP loans. It’s laborious to say whether or not that was an moral transfer or not with out figuring out the specifics of her firm, however there are some who’ve implied that it’s a bit shady for somebody as rich as her to have carried out so.

RELATED: Khloé Kardashian Could be the Next Kardashian-Jenner Down the Aisle

That’s as a result of this system was designed to maintain small companies afloat whereas they weathered the pandemic storm. The concept was that if individuals didn’t have to put their staff off, extra individuals would be capable to preserve their jobs and the financial system would keep higher afloat. Yet it looks like lots of the companies that obtained these loans, like Good American, are literally run by very rich individuals who may have stored their firms occurring their very own.

Khloé Kardashian wasn’t the one rich superstar to take a PPP mortgage

Even although the PPP program was alleged to be a approach to shield small companies throughout the pandemic, the ranks of those that took these loans counsel the definition of “small business” used was a somewhat broad one, because it appeared like firms of all types of sizes may take one out, irrespective of who they have been run by.

Tim McGraw and Faith Hill took one for his or her touring merchandise firms, the well-known artist Jeff Koons took one for his studio, and Reese Witherspoon took one for her clothes firm, Draper James. Kardashian isn’t even the one one in her well-known clan who took one, as Kanye West took a PPP mortgage for his trend model, Yeezy, too, based on Tampa Bay Times. It appears unusual to many who these rich celebrities with multi-million greenback firms have been in a position to receive such excessive PPP loans when smaller companies struggled to get financing.

Leave a Comment