Khloe Kardashian landed on $1.5m PPP loan despite net worth of $50m

The Kardashian family doesn’t usually seem one to have money problems given their major fame. However, Khloe Kardashian took out a $1.5 million PPP loan during COVID for her business, Good American. Now she’s had that loan totally forgiven and doesn’t have to pay it back.

Canceling Khloe Kardashian’s loan

PPP loans or Paycheck Protection Program loans were used at the start of the pandemic to help small businesses continue to pay the same amount to their employees and not have to cut their business expenses as much despite the country’s economic downturn.

Although apparently designed for small businesses, Khloe Kardashian still applied for the loan for her company, Good American. She went to tell them that the loans would be used for “rent, utilities, payroll and health care”. The sun reports.

She was approved and secured $1.3 million in loans to help her luxury business.

As of now, this loan has been canceled and she will not have to repay it. This isn’t the first time she’s been scolded for her insensitivity during the pandemic. Fans were also less than impressed when she went 30% off in 2020.

Fans seemed devastated that she was even suggesting buying luxury denim when so much was happening in the world and so many people had lost their jobs.

Khloe Kardashian | Youtube

What is his net worth?

All this news about loans and the pandemic is a bit shocking considering her net worth in 2022. It turns out Khloe Kardashian is worth a huge $50 million. It seems like she probably shouldn’t have applied for the loan in the first place. There were probably many other much smaller businesses that could have stayed open with this loan. Also, now she doesn’t have to pay it back when she earns 15 times the value of the loan in a year.

Currently, Khloe is worth $50 million and brings in $15 million a year in salary. That number could still change once the new Hulu Kardashian show comes out. If the show is a success, it would seem that his salary and net worth would also increase.

Khloe Kardashian |  Youtube
Khloe Kardashian | Youtube

Do you think it’s fair that Khloe Kardashian got rid of her loan? Should she have been able to get the loan in the first place? Let us know what you think of the situation in the comments below. Come back to TV shows for more Kardashian family news.

Haley Cook
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