Katie Price 'has blown her £45m fortune' and £25,000 on heating her house EVERY DAY, £10,000 a month mortgage and £1m on a farm that's never produced a pint of milk

Despite buying some of the best agricultural machinery on the market, worth hundreds of thousands of pounds, she has never got anything out of it apart from a few hens’ eggs.

The Sun recently revealed the 40-year-old had fallen on hard times and how her West Sussex mansion is in a state of massive disrepair.

Now we take a closer look at exactly what Katie has spent her £45 million fortune on.

HER FARM

This includes buying former husband, Kieran Hayler – who worked on the farm full-time – a milking machine costing £40,000, a tractor at £80,000, and a customised £70,000 Land Rover.

The Sun recently revealed how the star was selling off her animals in a bid to raise funds.

It’s just one of Katie’s many doomed business ventures, which have left her on the verge of bankruptcy.


HER MORTGAGE

According to our source, the mortgage on her house is in excess of £1million, with over £100,000 in arrears.

However there are questions over whether the mother-of-five can afford the arrears and £10,000 a month repayments.

HER BILLS

The bigger the house, the bigger the bills and Katie's heating bill costs £25,000 a year, as our source says she hates the cold and has it on 24/7 even in summer.

Then there's the £120,000 on her army of housekeepers, gardeners and nannies, until she was told by brother Daniel she had to cut back.

HER BUSINESSES

We can reveal that currently Katie has no viable running businesses.

In March 2018, she launched a new clothing brand called House of KP, with her Australian manager Clarissa Mansbridge, but it’s now been taken offline and the Facebook site hasn’t been updated since April 1.

That’s after it was exposed by The Sun for selling Katie's clothes at hugely marked-up prices compared to other websites, which were selling her brand much cheaper.

She resigned from her other clothing firm, KP Boutique, on 13 June after it made just £13 last year.

Her only other firm with active accounts is KDC Trading, which made a loss of £21,986 last year.

Her eBay store Jordan’s Closet has only one product for sale – a pair of used, tatty trainers – with no bids, a disastrous return compared to previous years when it would have made Katie thousands each week.

Katie's business history

KP Boutique – quit last week, used to be her main business, yet made 13 quid last year.

House of KP – launched in March 2018  but has now been taken offline.

KP Bling Ltd – launched three years ago and in May 2018, it’s company accounts said it had assets of just £100.

KDS Trading – had a deficit of £21,986 last year according to accounts from 30 Oct 2017.

Jordan Trading Ltd – liquidated in March 2017.

Pricey Media Ltd –  made insolvent on 2 February 2018 owing substantial amounts to the taxman and other creditors.

Marvellous Creative Group Ltd – used for her TV productions – made insolvent on 2 February 2018 owing the taxman.

 

Katie Price Home – dissolved in May 2017.

HER APPEARANCE

The former glamour model is believed to spend an absolute fortune on her appearance with regular facials, massages every other day and two pedicures and manicures a week!


Katie's expensive beauty regime

Manicure & pedicure twice a week: £1500 a month

Hair once a week: £1000 a month

Facials once a week: £400 a month

Age reversing treatments: £500 a month

Massages every other day: £800 a month

Daily make up by on-the-payroll make-up artist: £800

Now, the broke star is having to come up with new money making schemes, along with her agent and business manager, brother Daniel.

This includes having cosmetic surgery live on TV and doing raunchy nude modelling.

But the problem with either is that it’s not going to make anything like what Katie needs to pay off her debts.


Our source adds: "She’s always dreamed of a Playboy shoot, always thought she’d get it in her hey-day, and now there’s absolutely no chance.

"She’s been looking at her old modelling shots, ruing the missed opportunity."

It’s so desperate that she’s making a pittance even from selling products on her Instagram, which used to net her tens of thousands, but now companies don’t want to touch her.

She was reduced to posting Harvey’s trip to the dentist on social media last week, reportedly, in return for free treatment.

MEANWHILE…

To rub salt into her wounds, former husband Peter Andre’s main business, PJA Promotions, released its accounts last Friday, and he’s doing rather well, making a profit of £138,314, which is double what he made the previous year of £67,276.


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