‘It’s unattractive to talk about money’: Katie Price breaks silence on her finances just days after bankruptcy declaration… as she insists ‘no one knows’ the truth behind her woes
- Katie Price, 41, refused to say what her net worth was during a 20-minute video
- The video was titled Katie Price Answers the Web’s Most Searched Questions
- She said: ‘I hate talking money. I have never spoken about money’
- Katie was declared bankrupt at the Rolls Building in London on Tuesday after she failed to meet the terms of an agreement to repay her creditors
Katie Price broke her silence on her financial woes in her latest YouTube video shared on Friday – just days after she was declared bankrupt.
The reality star, 41, refused to answer ‘what is your net worth’ during the 20-minute video titled ‘Katie Price Answers the Web’s Most Searched Questions’.
She instead said talking money was ‘unattractive’ and no one knows what she’s worth but her despite the recent court case surrounding her diminished fortune.
YouTuber: Katie Price, 41, refused to answer ‘what is your net worth’ during the 20-minute video titled Katie Price Answers the Web’s Most Searched Questions
Katie was declared bankrupt at the Rolls Building in London on Tuesday after she failed to meet the terms of an agreement to repay her creditors.
She is now thought to be in debt of £800,000 after spending her £45million fortune on lavish beauty treatments and expensive holidays abroad.
Ducking the question in the video she said: ‘I hate talking money. I have never spoken about money. Everyone seems to know what I have got but guess what no one knows but me.
‘It’s really unattractive to talk about how much money you’ve got or not got or got. So that’s the answer to that. Only I know.’
‘Unattractive’: Katie said talking money was ‘unattractive’ and no one knows what she’s worth but her. She chose not to appear at court when her bankruptcy was announced [pictured during an appearance in court for drink driving in February]
Last month. Katie hired cleaners to clear out her ‘mucky mansion’ after giving fans on her YouTube channel an inside look of the property in the midst of renovations.
She currently has 70,000 subscribers and her latest video garnered 22,640 views.
In a bid to combat her financial woes Katie sold her beloved pink £75,000 Range Rover at auction and last week it emerged the luxury car was for sale at an Essex used car dealership in Chelmsford.
Bankrupt: Katie was declared bankrupt at the Rolls Building in London on Tuesday after she failed to meet the terms of an agreement to repay her creditors
She has also been trying to sell her £300,000 pink horsebox.
JMW Solicitors, who represented the insolvency practitioner overseeing Katie’s repayments, brought her case to court on Tuesday after she failed to stick to the terms of her Individual Voluntary Agreement (IVA).
An IVA is a plan to repay creditors in smaller amounts to make debt more manageable – but Katie has been failing to pay the £12,000 a month.
Debt: She is now thought to be in debt of £800,000 after spending her £45million fortune on lavish beauty treatments and expensive holidays abroad
‘I hate talking about money’: Ducking the question in the video – uploaded on Friday – she said: ‘I have never spoken about money’
The mother-of-five, previously known as Jordan, chose not to attend or send a lawyer. Adam Taylor, from JMW, said: ‘She hasn’t acknowledged the petition.’
Judge Jonathan Middleton, sitting at the specialist insolvency and companies court, said: ‘I do judge Ms Price to be bankrupt. The date is today and the time is 12:35.’
He added: ‘Ms Price isn’t present or represented so there is, as far as we can identify, no opposition.’
The court ruling meant a trustee could now be appointed to sell off her assets, including her £2million nine-bedroom home in West Sussex.
‘Mucky mansion’: Last month Katie hired cleaners to clear out her ‘mucky mansion’ after giving fans on her YouTube channel an inside look of the property in the midst of renovations
Money maker: Amid her woes, Katie posted an advert for weight loss product Nutribuddy on Instagram on Monday
Katie, who has been married three times, is said to be £100,000 in arrears on mortgage repayments on the home which she allegedly spends £2,000 a month heating by leaving it on all the time.
She is also believed to have spent £120,000 on housekeepers, gardeners and nannies – and around £25,000 a year on plastic surgery.
She also spends £1,500 a week on manicures and pedicures, £1,000 on hair appointments and £800 on massages every other day, reported the Daily Mirror.
In March it was revealed she had been on six holidays in eight months – including trips to Spain, Belgium and Thailand – estimated to have cost a total of £25,000.
Katie has been married to singer Peter Andre, cagefighter Alex Reid and Kieran Hayler – and admitted turning to cocaine as her relationship with the latter deteriorated.
She used to be able to fund her lifestyle through modelling, reality TV shows and fragrances when she was at the height of her fame in the 1990s and 2000s.
Botch job: Price’s home looked derelict and deserted in West Sussex as she was made bankrupt
But her only regular sources of income nowadays appear to be her Quest Red TV show My Crazy Life and plugging weight loss products on her Instagram account.
Over the past two years there have been reports that the ex-model, a keen horse rider, had been trying to sell off a number of her animals.
But she appears to have now bought two puppies, with her children Jet and Bunny playing with the dogs during her latest video.
Big spender: Price was pictured dressed in Gucci and holding various designer handbags in London on November 4
She had her eldest child Harvey, 17, with former footballer Dwight Yorke before having two children with her ex-husband Peter; Junior, 14, and Princess, 12.
Katie shares Jet, six, and Bunny, five, with her other ex Kieran.
Her £2million mansion, a former home of politician Francis Maude, boasts nine bedrooms, a two bedroom annexe, 12 acres of land, a pool, tennis court and stables.
She bought it for £1.35million in October 2014, but it has since fallen into a state of disrepair, with the grounds strewn with rubbish and the pool full of dirty water.
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