The Kardashian family generally doesn’t seem like one for money troubles considering their major fame. However, Khloe Kardashian took out a $1.5M PPP Loan during COVID for her business, Good American. Now, she had that loan totally forgiven and doesn’t have to pay it back.
Khloe Kardashian’s loan forgiveness
PPP Loans or Paycheck Protection Program loans were used at the start of the pandemic to help small businesses keep paying their employees the same amount of money and not have to cut back as much with business expenses despite the economic downfall of the country.
While seemingly designed for small businesses, Khloe Kardashian applied for the loan anyway for her company, Good American. She went in telling them the loans would be used for “rent, utilities, payroll, and healthcare,” The Sun reports.
She was approved and got $1.3M in loans to help her luxury business out.
As of now, that loan has been forgiven and she will not have to pay it back. This isn’t the first time she’s gotten scolded for being insensitive during the pandemic. Fans were also less than impressed when she had a 30% off sale in 2020.
Fans seemed devastated that she would even suggest buying luxury denim when so much was going on in the world and so many people had lost their jobs.
What is her net worth?
All of this loan and pandemic news comes at a bit of a shock considering her 2022 net worth. Turns out, Khloe Kardashian is worth a whopping $50M. It seems that she probably shouldn’t have applied for the loan in the first place. There were probably many other much smaller businesses that could’ve stayed open with that loan. Plus, now she doesn’t have to pay it back when she makes 15x what the loan was worth in a year’s time.
Currently, Khloe is worth $50 million and brings in $15 million a year in her salary. This number could still change once the new Hulu Kardashian show comes out. If the show is a hit then it seems her salary and net worth would likely increase as well.
Do you think it’s fair that Khloe Kardashian got off the hook for her loan? Should she have been able to get the loan in the first place? Let us know what you think about the situation in the comments below. Come back to TV Shows Ace for more Kardashian family news.
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