Paul Hollywood ‘to pay ex-wife Alex £5m’ in epic divorce settlement
Paul Hollywood is expected to pay out £5 million to his ex-wife Alexandra as part of their divorce settlement, while also giving his former spouse their previously marital home.
The Great British Bake Off star, who is worth an estimated £10 million, split from Alex in November 2017 after 20 years of marriage.
It’s claimed the pair are close to finalising their divorce after Alex’s legal team analysed Paul’s accounts, which allegedly show that the 53-year-old chef earned £9.1 million in 2018.
Alex’s lawyers have reportedly advised that she’s entitled to half of the TV chef’s fortune, including the £2.4 million Kent property they once shared but which Alex now lives in with their son.
A source told The Sun: ‘Alex’s lawyers have been forensically poring over these latest accounts.
‘After weeks of stand-off and wrangling, things are drawing to a close. They expect to finalise the divorce in eight weeks.’
Earnings from Paul’s business, PJH Media, are reportedly down £1 million from the previous year, with losses including £337,000 which he paid in owed money.
However, business is booming in other areas with his company Paul Hollywood Ltd enjoying a rise of £300,000 from £1.5 million to £1.8 million.
The bulk of Paul’s income is believed to stem from his appearance on Channel 4’s The Great British Bake Off, for which he recently signed a two-year deal for £2 million.
Paul met Alex, 54, back in 1996 when they worked at a five-star hotel together in Cyprus, and got engaged just weeks later.
The former couple share teenage son Josh.
Following the end of his marriage, Paul struck up a romance with barmaid Summer Monteys-Fullam, 24, whom he reportedly lives with in a Kent farmhouse purchased in February.
Metro.co.uk have contacted Paul’s reps for comment.
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