Ex On The Beach's Jemma Lucy Drags Katie Price For 'Losing £45million Fortune'

Ex On The Beach star Jemma Lucy has very little sympathy for Katie Price, who she claims is known to spend "thousands every day" to keep up the appearance of an extravagant celebrity lifestyle. Something that would be all well and good if there weren't also rumours that Katie is stuggling for cash after recently avoiding bankruptcy.

Having met Katie on the Celebrity Big Brother winner's modelling contest Signed By Katie Price, Jemma claims to have seen Katie's spending first hand and reckons it was “stupid” for her to blow her fortune, thought to have been worth £45million. 

Speaking to The Sun, she said: “How can you be that stupid? To lose all that money and not to have invested wisely for your future? It’s ridiculous."

Apparently Katie would 'spend thousands' every single day back in 2011 when Jemma was briefly living with her on the reality show. 

If you didn't know, Katie recently just about avoided bankruptcy due to an unpaid tax bill, which is now being rectified through a payment plan authorised by the courts.

"I am blown away that Katie is on the verge of bankruptcy – she had a clever, business brain and was always thinking about her next venture," Jemma tells the paper.

But that’s supposedly not the only debt the former reality star is in. She reportedly took out a second mortgage on her home back in 2016 and her debts are estimated to be at a total of £600,000. It's a lot.

Jemma continues: "When I lived with her she told me she'd bought her house outright for six million. Now that's all gone?

"But you see celebrities like Katie, their lifestyles become so expensive they just can't keep up and start spending money like water. Blowing thousands every day just trying to keep up the lifestyle they’re used to. And it’s impossible,” she adds.

Gulp. Well we all know these two aren't exactly fast friends given their history, but it doesn't look like the ex-pals are going to be sorting out their issues with each other any time soon, does it?