Katie Price, the 46-year-old former glamour model, has declared her ambitious goal to amass a £500 million fortune within the next three years. This audacious proclamation, revealed on her podcast, “The Katie Price Show,” was met with laughter from her sister, Sophie, who contrasted Katie’s grand aspirations with her own more modest goal of completing a home renovation. Price’s plan to achieve this financial windfall? Winning the lottery. This revelation, shared on Instagram, sparked a range of reactions from fans, with some expressing support for her dream, others labeling her “mad,” and some even suggesting collaborations with figures like Kim Kardashian. This bold declaration comes against the backdrop of Price’s current financial struggles, having been declared bankrupt just last year.
Price’s bankruptcy declaration in March 2024 marked the second time she has faced such financial straits. The catalyst for this latest declaration was an unpaid tax bill of over £761,000 owed to HMRC. Despite being expected to appear in the High Court to address her financial situation, Price was absent, choosing instead to vacation in Cyprus with her new partner, JJ Slater. This financial downturn stands in stark contrast to the peak of her career, where her estimated fortune reached £45 million, fueled by modeling, book deals, and television appearances. The contrast between her past financial success and her current struggles underscores the dramatic shift in her financial circumstances.
Price’s first bankruptcy declaration occurred in 2019, stemming from unpaid debts exceeding £3.2 million. In a podcast interview earlier this year, she attributed her financial woes to various factors, including her ex-husbands Peter Andre, Alex Reid, and Kieran Hayler, as well as legal fees. She claimed that supporting their lavish lifestyles, replete with expensive cars, watches, holidays, and homes, significantly depleted her resources. She also cited a period of depression, during which she struggled to cope and withdrew from daily life, further exacerbating her financial difficulties. The combination of these factors, coupled with the tax liabilities, paints a picture of a complex and challenging financial situation.
The recent bankruptcy declaration follows a pattern of financial difficulties for Price. In March 2024, she was again declared bankrupt, the unpaid tax bill exceeding £761,000. Her absence from the High Court hearing, where she was expected to provide evidence about her finances, further complicated the situation. Instead, she opted to spend time in Cyprus with her partner. This latest bankruptcy declaration underscores the ongoing financial challenges Price has been facing.
Adding to her woes, Price’s infamous “Mucky Mansion” has been plagued by a series of unfortunate events, including burglaries, flooding, and issues with the septic tank. These setbacks forced her to vacate the property in May and relocate to a rented four-bedroom mansion in Sussex. The culmination of financial difficulties and the problems with her property further emphasizes the challenging period Price has been navigating. Her previous bankruptcy in 2019, resulting from debts of £3.2 million, led to the repossession of her £2 million home in May after she failed to meet repayment obligations. This highlights the recurring nature of her financial struggles.
Amidst these financial troubles, public attention has also focused on Price’s noticeable weight loss in recent months. She has, however, dismissed speculation about using weight-loss injections like Ozempic, attributing her slimmer physique to a return to her natural size after weight gain associated with IVF treatments and inactivity following a foot injury in 2020. This clarification addresses concerns raised by fans about her health and well-being.
In summary, Katie Price’s announcement of her £500 million goal within three years, primarily through winning the lottery, comes at a time of significant financial strain. She has been declared bankrupt twice, most recently due to an unpaid tax bill, and has faced numerous personal challenges, including the deterioration of her “Mucky Mansion” and public scrutiny of her weight loss. Her past financial successes stand in stark contrast to her current struggles, highlighting the dramatic shift in her circumstances. Despite these challenges, she maintains a public presence and continues to engage with her fans, sparking both support and criticism. Her story serves as a reminder of the unpredictable nature of fame and fortune and the complex interplay of personal and financial challenges.