Thursday, November 21, 2024

Inside Katie Price’s financial woes: Bankrupt model spends £120,000 a year on housekeepers, gardeners and nannies and £25,000 on annual plastic surgery…but sold her Mucky Mansion for ‘£1.5m’

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She was once a regular face on TV — a highly-successful glamour model who had a net worth of around £40million at the peak of her career.

But opportunities for Katie Price have dwindled over the years and by 2023 it was reported that her net worth had fallen to less than £1million.

In the latest devastating blow, the former model has been declared bankrupt for the second time over an unpaid tax bill of £761,994.05. 

The 46-year-old was arrested at Heathrow Airport on August 8 for failing to appear at court after returning from undergoing a £10,000 facelift in Turkey. She was subsequently released on bail.   

Just yesterday it was revealed Katie’s earnings from TikTok would be suspended as part of efforts to pay off money owed under her two bankruptcies. 

Last month she was ordered to give up her pink Range Rover and five other vehicles.

And back in March, she was ordered to give up almost half of her monthly income from adult entertainment website Only Fans to repay her debts.

So, where did all the money go?  

A MailOnline graphic highlighting Katie Price’s outgoings and income 

Former glamour model Katie Price arriving at the Royal Courts of Justice in central London on August 9 after she was arrested at Heathrow Airport after failing to appear at court

Former glamour model Katie Price arriving at the Royal Courts of Justice in central London on August 9 after she was arrested at Heathrow Airport after failing to appear at court

Outgoings

The Telegraph recently reported that, as of March, Katie was said to be £100,000 in arrears on mortgage payments on her nine-bedroom Horsham home. 

She was also believed to have spent £120,000 per year on housekeepers, gardeners and nannies, as well as around £25,000 a year on plastic surgery. 

She reportedly spent £1,500 a week on manicures and pedicures, £1,000 on hair appointments and £800 on massages every other day. 

Katie’s multiple court cases over the years, including issues with planning permission, driving offences and breach of a restraining order, may also have put a strain on her finances. 

In 2021 she crashed her BMW car on a country road near her West Sussex home in September after drinking and taking drugs. She pleaded guilty at Crawley Magistrates of drink driving, driving while disqualified and driving without insurance.

Katie managed to avoid jailtime for the accident, instead being handed a 16-week suspended jail sentence and 100 hours community service (pictured at court on September 29, 2021)

Katie managed to avoid jailtime for the accident, instead being handed a 16-week suspended jail sentence and 100 hours community service (pictured at court on September 29, 2021)

The Telegraph recently reported that, as of March, Katie was said to be £100,000 in arrears on mortgage payments on her nine-bedroom Horsham home

The Telegraph recently reported that, as of March, Katie was said to be £100,000 in arrears on mortgage payments on her nine-bedroom Horsham home

Katie has spent around £130,000 on transforming her looks, including spending at least £84,000 on boob jobs alone

Katie has spent around £130,000 on transforming her looks, including spending at least £84,000 on boob jobs alone

Meanwhile, Katie has spent around £130,000 on transforming her looks, including spending at least £84,000 on boob jobs alone. She’s also had nose jobs and cosmetic work such as fillers and Botox.

Speaking last year, the mother-of-five admitted she has gone too far when it comes to changing her looks in the past. 

She said: ‘I know sometimes when I have gone too far. I have been there done it with all the fillers. I don’t have fillers now. I do in my lips and I have Botox because it got to the point where my face just looked like a balloon. Like really shiny.

‘I am starting to look alien. It is purely for me, that’s the difference.’

In July 2023, Katie underwent a Brazilian butt lift, liposuction, eye, chin and lip surgery in Turkey, but admitted she thought she might die as she left the operating theatre after losing so much blood. 

Katie has also had nose jobs and cosmetic work such as fillers and Botox. Pictured: Katie in Turkey preparing to have work done on her face

Katie has also had nose jobs and cosmetic work such as fillers and Botox. Pictured: Katie in Turkey preparing to have work done on her face 

Katie speaking with her surgeon in Turkey about facial surgery

Katie speaking with her surgeon in Turkey about facial surgery 

Katie has also been married three times and her divorces are likely to have put a strain on her finances. 

In 2005, she wed singer Peter Andre in a princess-themed ceremony at Highclere Castle after meeting him on ITV’s I’m a Celebrity…Get Me Out Of Here.

After the couple split in 2010, Katie married fighter Alex Reid. They had a formal ceremony in Las Vegas, but went their separate ways less than two years later. 

In 2013 she married exotic dancer Kieran Hayler but in 2014 Katie discovered he was having an affair and the pair split in 2018 and divorced in 2021.

Her clothing line went quiet in 2019 and she stepped down from KP Boutique after making just £13.

Income  

In recent years, Katie has turned to online platforms such as TikTok, where she has 1.6million followers, as well as OnlyFans in order to make her money. 

Her OnlyFans page describes her as the ‘queen of glamour’ and users are charged £12 a month to access ‘all my exclusive content’. 

She recently charged followers £53 for a completely naked video of herself in the shower — one of her most expensive clips yet.

Katie is also an author and even joked earlier this year about how ‘the tax man will be pleased’ after her new tell-all book soared to the top of the charts. 

She announced on her Instagram page in April that she was launching her ‘raw and explosive’ seventh autobiography documenting her devastating lows, addiction and trauma.

Katie recently charged followers £53 for a completely naked video of herself in the shower ¿ one of her most expensive clips yet

Katie recently charged followers £53 for a completely naked video of herself in the shower — one of her most expensive clips yet

Katie Price dressed as a nun wearing a sash saying "My Body My Rules" during a photocall for her Only Fans website

Katie Price dressed as a nun wearing a sash saying ‘My Body My Rules’ during a photocall for her Only Fans website

Katie Price pictured at the launch of her new book Katie Price: This Is Me

Katie Price pictured at the launch of her new book Katie Price: This Is Me

Katie's Mucky Mansion, which she bought for £1.3million back in 2014, was also sold for £1.5million last week

Katie’s Mucky Mansion, which she bought for £1.3million back in 2014, was also sold for £1.5million last week

Fans took to the comments, with some left thrilled to read the new book. 

They wrote: ‘I’m literally soooo excited as it’s been too long since your last book and I need my KP fix!; Oh my gosh, I can’t wait… let me order it now xxx; Fabulous! I’ve read all your autobiographies x’ 

She has a fragrance business called Scented by Katie Price, sells used items on her Depop account and does a podcast with her sister Sophie, called The Katie Price Show.

Katie’s Mucky Mansion, which she bought for £1.3million back in 2014, was also sold for £1.5million last week. 

Estate agents HJ Burt &Son confirmed they had received an offer for the nine-bedroom home.

The sprawling property had been left in a terrible state with the 10-acre grounds overgrown and the swimming pool water having turned green.

Cleaners were forced to remove piles of rubbish and abandoned cars before it could be listed for sale.

She has since moved into a £5,000 a month rented home in the same West Sussex area with her five children. 

Talking about Mucky Mansion she previously said: ‘I’ve had nothing but bad memories in that house’, and insisted moving will be the start of a new chapter in her life.’

In July this year, Katie also disclosed she would be working with streaming giant Netflix on her own series. 

She told MailOnline: ‘It’s massive. I’m doing my life story for Netflix. I am actually doing a three-parter about my life for Netflix.’

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