🚨 JUST IN: Jay-Z received $2.1 million in PPP COVID Relief loans. The loan was fully forgiven.
The loan was approved on April 7, 2020, following layoffs, furloughs, and salary cuts at Tidal and Roc Nation (Jay-Z’s entertainment company).
Malibu Entertainment and Tidal reportedly share addresses and are closely intertwined in operations.
The entire loan was subsequently forgiven.