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Katie Price ‘shelled out £2million on her exes and cleared estranged husband Kieran’s £50,000 debt’

Katie Price has been hit by claims she shelled out £2million on her last three exes.

The television personality, 40, who was once estimated to be worth £45million, was recently given three months to pay off her mounting debts in order to avoid being declared bankrupt.

According to The Sun, Katie cleared her estranged husband Kieran Hayler’s £50,000 debts when they first got together, paid toyboy Leandro Penna, 32, a six-figure sum to stop him from speaking about their relationship and gave her second husband Alex Reid, 43, a weekly allowance.

Squandering fortune: Katie Price has been hit by claims she shelled out £2million on her last three exes in a bid to support their lavish lifestyles

A source told the publication: ‘Kieran’s one of the biggest reasons she’s in debt, when they first got together, he had £50,000 worth of debt on credit cards and Katie paid it all off.

‘But then he’d keep spending each month on his cards, this would mount up to a few thousand every time, and she’d keep having to pay it off.

‘She did the same with Leandro, in fact, he was on the payroll, as part of the household staff, she paid him six figures to stop him from speaking.’

Expensive: Katie is said to have paid toyboy Leandro Penna, 32, a six-figure sum to stop him from speaking about their relationship

;Costly: Katie reportedly  gave her second husband Alex Reid, 43, a weekly allowance and and gave him a 'monthly payment' as part of their divorce

 Costly: Katie is said to have paid toyboy Leandro Penna, 32, a six-figure sum to stop him from speaking about their relationship and gave Alex Reid, 43, a weekly allowance

Financial woes: The television personality, 40, was recently given three months to pay off her mounting debts in order to avoid being declared bankrupt

Financial woes: The television personality, 40, was recently given three months to pay off her mounting debts in order to avoid being declared bankrupt

The insider said her previous husband Alex Reid, whom she dated in 2009 before splitting in 2011, gave him ‘weekly spends’ and gave him a ‘monthly payment’ as part of their divorce. 

They added Katie has spent ‘well over £2 million in ‘boyfriend fees’.

MailOnline has contacted Katie’s representatives and Alex, Leandro, and Kieran’s for comment.  

The star was given three months to come up with a plan to pay off her debts, totalling more than £250k and including more than £20k in tax debt.

Katie was not present at the High Court Roll’s building in London on Tuesday, with her team submitting proposals for an individual voluntary agreement (IVA).

An IVA sees creditors paid back over an agreed period of time and her application will be heard in 12 weeks on October 30. 

It was previously reported that the hearing could see her formally declared insolvent, even though she was once estimated to be worth £45million.

Moving on: She is already thought to be selling her £2million West Sussex mansion, which she bought in 2014, as well as all of her beloved farmyard animals

Moving on: She is already thought to be selling her £2million West Sussex mansion, which she bought in 2014, as well as all of her beloved farmyard animals

She is already thought to be selling her £2million West Sussex mansion, which she bought in 2014, as well as all of her beloved farmyard animals.

The glamour model is also reportedly hoping to sell the rights to her life story and cash in on the drama in order to pay off her colossal debts.

A source revealed to MailOnline: ‘Katie would endorse a movie made of her life. There’s certainly enough subject matter to support a good meaty storyline thriller!’

Katie has been bidding for months to stave off bankruptcy after her once-lucrative media empire began to fall apart last year, following the demise of her third marriage to Kieran Hayler, and the collapse of her businesses.

New love: Katie has found love again with Kris, who she met through her son Harvey's new fitness plan

New love: Katie has found love again with Kris, who she met through her son Harvey’s new fitness plan

The TV personality split from the former stripper, 30, last summer, after his affair with the family nanny emerged.

She has since found love again with Kris, who she met through her son Harvey’s new fitness plan.

Despite only confirming their romance weeks ago, Katie and Kris have already holidayed in Bruges, Glasgow and now Thailand – with the star revealing she has finally found a man who ‘ticks all the boxes’.

She told OK! in June: ‘He’s a man’s man. He’s got his own job, he’s not false or fame hungry. In that respect, I think this is going to be a more normal relationship and less toxic.’

Heartbreak: Katie has been bidding for months to stave off bankruptcy, following the collapse of her businesses and demise of her third marriage to Kieran Hayler (above in 2014) 

Heartbreak: Katie has been bidding for months to stave off bankruptcy, following the collapse of her businesses and demise of her third marriage to Kieran Hayler (above in 2014) 



Read more at DailyMail.co.uk


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