Kanye West, beneficiary of the PPP loan, plans a new mega-mansion

The day after news that Kanye West’s shoe company Yeezy had received a multi-million dollar loan as part of the federal government’s coronavirus stimulus package, a report said the multi-millionaire rapper had received approval to build a new mega-mansion. of 10 rooms at your Wyoming Property.

TMZ reported early Tuesday that officials in Cody, Wyoming, had just signed West’s plans to build a 52,000-square-foot house on his ranch. The mansion, which he will use for himself, his television star wife, Kim Kardashian, and their four children, will replace a set of lakeside cabins and dwellings that are currently there, TMZ said. The plans also show that West wants to build two 10,000-square-foot underground garages.

West bought Monster Lake Ranch last year, after making regular trips to Wyoming to make music, starting in 2017, the New York Times reported. West and Kardarshian already have a mega mansion: their eight-room complex in Hidden Hills. The couple spent $ 20 million and several years expanding and renovating the complex, which has two pools, bringing its value to around $ 60 million, TMZ previously reported.

News of West’s latest homebuilding extravaganza comes after Daily Beast reported that its shoe company Yeezy had received a loan of between $ 2 and $ 5 million under the Paycheck Protection Program.

The program is part of the Trump administration’s $ 2 trillion CARES Act, which is designed to provide financial aid to small businesses during the coronavirus pandemic. According to the US Treasury, California-based Yeezy LLC self-identifies as a black or African-American business. With the loan, Yeezy said he saved 160 jobs.

The Daily Beast said Yeezy reportedly earned $ 1.5 billion last year. West and Kardashian, a businesswoman, have recently celebrated becoming billionaires. West reached the state in April, Forbes reported. Last week, he tweeted his congratulations to his wife after she claimed that she had also become a billionaire.

“I am very proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,” West tweeted, along with a photo of some vegetables and flowers.

West’s PPP loan also presents a potential conflict of interest, in addition to the fact that he and Kardashian like to flaunt their lavish lifestyle, Daily Beast reported. The rapper is an outspoken advocate for President Donald Trump and has had multiple visits to the White House.

Kardashian is also known to have close ties to Jared Kushner and Ivanka Trump, the President’s son-in-law and daughter, who are also his top White House advisers. Kardashian has worked with Kushner on criminal justice reform and has been invited to dinner at the Kushner home in Washington DC

It turns out that West and Kushner are also among several business owners with ties to the president and his administration who have received PPP loans. The Daily Beast reported that several companies connected to Kushner and his family could get up to $ 6 million in loans.

Meanwhile, West has been busy sparking news and outrage in other ways.

On Saturday, July 4, West proclaimed on Twitter that he was running for president. But CNN also reported that West had not taken any formal steps to run, such as registering with the Federal Election Commission or collecting enough signatures to enter the November ballot.

So it could be that West’s presidential announcement was just a public relations ploy to spur new music or some other company. However, he received the go-ahead for his presidential aspirations from his wife, of course, and from fellow billionaire Elon Musk: