Billionaire rapper and shoe designer Kanye West’s company has received a multimillion-dollar loan as part of the federal government’s coronavirus stimulus package, according to records released Thursday by the U.S. Treasury’s Small Business Administration.The money was handed out in the latest round of the Paycheck Protection Program, part of the Trump administration’s $2 trillion CARES Act designed to provide economic relief to small businesses during the coronavirus pandemic.Yeezy LLC, a California company, is listed in the Treasury’s log as a recipient of a loan worth between $2 million and $5 million. The company self-identified as being male-owned and a Black or African-American business. It said 160 jobs were saved using the loan.Trump’s Small Biz Rescue Bailed Out Kushner’s Family, Obama’s Aides and Other Political EliteCalifornia business records list Kanye West as the manager of Yeezy LLC, a holding company established in Delaware and run out of a La Palma, California, office. West’s Yeezy sneaker empire reportedly made $1.5 billion last year.West’s loan poses major questions of conflict of interest, given West’s outspoken support for President Donald Trump, his multiple visits to the White House, and the outrageously lavish lifestyle he leads with wife Kim Kardashian West. Both he and his wife have celebrated attaining billionaire status recently. After being effectively broke years ago, West turned his fortunes around with his best-selling Yeezy sneakers and attained billionaire status in April, according to Forbes. Last week, his wife claimed to be a billionaire, too. “I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire,” West tweeted, alongside a photo of some vegetables.PPP loans, available for companies with fewer than 500 employees, are written off by the government if companies spend the money on eligible costs and retain a certain percentage of staff during the pandemic.The list of 40,000 companies to receive loans of $150,000 and above was made public on Monday after complaints from Democrats that previous rounds of funding were not transparent. The program has been plagued with issues, from digital portals that crashed as soon as applications opened, to banks prioritizing their biggest customers, to Trump-friendly companies receiving big loans. Several large companies, like Shake Shack and Harvard, returned loans after attracting negative publicity.Loans of $150,000 and above represent about 13 percent of all loans approved but about three quarters of total loan dollars approved, according to CNBC.Yeezy LLC has been contacted for comment.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
The 6-year-old daughter of the musician and Kim Kardashian West hit the stage, introducing herself as "Northie" and saying, "cool, cute, cool, yeah!
The Yeezy Foam Runners were first debuted in a tweet shared by the official Yeezy Mafia account yesterday.
Kim Kardashian has been spotted in gray sweatpants and a white crop top multiple times — including three days in a row. Is this her new uniform?
Kim Kardashian wears the same tank top and sweatpants three days in a row. The toddler donned a pair of fuzzy cheetah slippers for the laid-back occasion, while her mother went for a casual look of grey Yeezy sweatpants, white sneakers and a white tank top sans bra, because she’s that low-key. Kardashian stuns in the first day of her uniformed outfit.
It’s Kim versus Khloé, back in black — but are they real or wax figures? Kerry Washington dazzles as she dishes on the last season of Scandal, while Debra Messing wows the crowd touting the revival of Will and Grace. Rounding out the week, Backstreet Boys and New Kids on the Block are back onstage and battling it out for best dressed. Yahoo Style’s Joe Zee pairs up his favorite looks of the week and pits them head-to-head to see who will emerge as the winners in this edition of Knockout Style.
Or so was the case on Wednesday when the Keeping Up with the Kardashians reality star brought sister Kim Kardashian West a bag of McDonald’s as a congratulatory gift for her husband Kanye West‘s well-received Yeezy season 5 NYFW show. “Look at these delivery girls, they’re so cute!” Kardashian West said in a Snapchat video. Kardashian West “ALWAYS” has to get an order of small fries with either chicken nuggets or she’ll get a cheeseburger and chicken nuggets and eat half of each.
Kanye West debuted Adidas Yeezy Season 5 on Wednesday, and while the sneaker-clothing collaboration was declared low-key and understated, Kim Kardashian’s head-to-toe purple outfit stood out.
Kim and Khloe Kardashian’s newly released fashion shoot bares their best assets in all their glory. For German magazine 032c’s latest issue, the sisters rolled around in the Californian dirt wearing Kanye West’s revealing Yeezy designs. The shoot, which was masterminded by Kanye himself, was located in the construction zone of the house Kanye and Kim are renovating.
Kanye West’s New York Fashion Week show was always going to be unique - and as usual, he’s caused plenty of controversy in its run up. This year, Kanye staged his show on Roosevelt Island in the East River, and kicked off with an unconventional start at 4:49pm instead of the scheduled 3pm slot. Choreographed by Italian artist Vanessa Beecroft, the piece consisted of models in underwear assembled into rows along a huge runway.
Amina Blue appeared in Tyga's 1 on 1 music video and made her New York Fashion Week debut during Kanye West’s Yeezy Season 1 collection.
The open casting call for Kanye West’s Yeezy Season 4 asked for “multiracial women only,” and that women wear “no makeup please come as you are.” One of the models who snagged a spot on the exclusive roster? Sofia Richie, daughter of Lionel, Nicole’s younger sister, and Justin Bieber’s latest flame.
On Thursday, Justin Timberlake posted a patriotic black and white picture on his Instagram account to announce the Fall 2016 collection of his denim brand, William Rast. Co-founded in 2005 with Trace Ayala, he’s just one of many celebrities who have made the jump to fashion. Click through the gallery above to see some other successful celebrities turned fashion designers and let us know who your favourite is by tweeting to @YahooStyleCA.
Kanye West has has come under fire for a $400 jacket design sold at his The Life of Pablo pop-up in New York City earlier this month. Tweeky Dave passed away in the 90s and was a well known runaway in L.A. Goldberg famously photographed the Tweeky Dave jacket he accuses West of copying for his 1995 book Raised by Wolves. He now owns the piece as the pair were close friends.
Kanye went to IKEA and it looks like he had a smashing time: We don’t know whether he bought anything or if he just had a browse (or if he even visited a store, perhaps he just popped into the brand’s head office for a meeting about a Yeezy x IKEA collaboration?) but here’s a list of potential Yeezy purchases… Kanye probably needs more space in his bedroom to practise his dance moves. This bed is the prefect solution for freeing up floor space! Go Yeezy! Go Yeezy! Bet Kanye gets dead annoyed when the shower curtain sticks to his bum.