Gordon Ramsay rakes in a £1.1million profit from his image rights company… boosting his bankroll after his restaurant empire racked up huge losses of £24.7million
Gordon Ramsay has seen his bank balance soar after racking up huge losses with his restaurants around the world.
His restaurant empire, which stretches well beyond these shores, with outposts in Versailles and Las Vegas, has racked up immense losses that now total £24.7million – despite receiving £3.3million in holiday pay.
But there’s no immediate prospect of Ramsay going on a starvation diet, thanks to the nutritious numbers emerging from his image rights company, Humble Pie Media.
money speaks! Gordon Ramsay has experienced a boost in balance after racking up huge losses with his restaurants around the world, with nurturing numbers emerging from his image rights firm
It has just reported a profit of £1.1million for the past year, which has helped take its total reserves to £5.7million.
Proof that TV chefs tend to produce their most dazzling work far from the kitchen?
The celebrity chef operates or owns interests in 35 restaurants in the UK and has licensing agreements for a further 13 around the world.
Last year the chef revealed he had lost £57million during the Covid pandemic after being forced to close his restaurants for much of 2020.
Gordon admitted he was “devastated” by the financial impact of the crisis, losing £10m worth of bookings in January 2021 alone due to the third lockdown.
The TV star previously revealed he was forced to cancel 22,000 bookings for his restaurants in December 2020 as England locked in graduated restrictions following a spike in Covid cases.
Gordon told The Sun: “In December we had wiped out £10million in reservations overnight.”
“From 19 March to 3 February this year we have suffered a £57.5m drop in sales.”
Tough: His restaurant empire, which stretches well beyond these shores, with outposts in Versailles and Vegas, has racked up immense losses (Heddon Street Kitchen is pictured in London).
Gordon added he has been forced to take advantage of the government’s furlough scheme to save thousands of jobs at his restaurant empire.
He added: “I’m criticized for being rich, but the responsibility on my shoulders – the livelihoods that are at stake – is huge.”
It wasn’t all doom and gloom for the star’s pandemic bank balance, although it was revealed last September that the star had made £6million through his image rights and production companies.
Gordon Ramsay’s bank balance – which was axed after just one series – Gordon, Gino and Fred: Road Trip and the Fox series Next Level Chef were among the television stations to boost his bank balance by an astonishing number.
His production company, Studio Ramsey, continued to produce a number of shows, producing YouTube segments, as well as Channel 4’s The Fantastical Factory of Curious Craft, hosted by Keith Lemon.
Gordon’s Humble Pie Media and Humble Pie Productions were together worth £9.5million in September 2021 – £7million up on the previous year, according to reports from The Sun.
Documents showed the latter paid just under £1million in taxes while the former paid £142,000, meaning the Hell’s Kitchen star made around £6million during the pandemic.
![Achievement: Gordon, Gino and Fred: Road Trip [pictured from L-R Fred Sirieix and Gino D'Acampo] was among the chef's TV shows that boosted his bank balance during the pandemic](https://i.dailymail.co.uk/1s/2021/09/24/01/48316527-10023397-image-a-132_1632443835319.jpg)
Achievement: Gordon, Gino and Fred: Road Trip [pictured from L-R Fred Sirieix and Gino D’Acampo] was among the chef’s TV shows that boosted his bank balance during the pandemic
