Dr. Phil’s production companies reportedly got up to $7 million in government aid loans while his son spent $10 million on a Beverly Hills mansion.
According to Page Six, Dr. Phil’s production companies received up to $7 million from the paycheck protection program, the massive federal plan designed to help small businesses ride out the financial crisis caused by the coronavirus.
Dr. Phil’s other production company, Peteski Productions, also got a loan valued between $2 million and $5 million.
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However, while his father is looking for loans to keep his company afloat, Dr.Phil’s son, Jordan, who is engaged to Morgan Stewart has paid $10 million in cash for a 6,500-square-foot mansion in the exclusive Trousdale Estates neighborhood of Beverly Hills.
Although a link between Dr.Phil’s loan and Jordan’s purchase has not been established, TV sources wondered why the reality show host obtained the loan from the government.
Dr.Phil is yet to comment about the speculation.
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