Alex Hollywood is still making money from ex-husband Paul Hollywood as she’s allegedly still listed as a director of one of his companies, it’s been reported.
The Mirror claims that the cookery writer, 55, could be raking in a huge five-figure sum every year following her split from the Great British Bake Off star, 54.
The pair called an end to their relationship in 2017, with their marriage officially ending in divorce last year.
Making dough: Alex Hollywood is still making money from ex-husband Paul Hollywood as she’s allegedly still listed as a director of one of his companies, it’s been reported
The publication reports that Alex is still named as a director of the firm Paul Hollywood Ltd and may be getting a share of the profits, adding she could be pocketing a whopping five-figure amount.
They state that baker Paul is estimated to be worth around £10 million, while his company Paul Hollywood Ltd is listed as having investments of £2.5 million.
They added that accounts claim the company paid over £255,000 in corporation tax in 2019, meaning that with expenses deducted from the total, it made over £2 million last year.
An accountant source told The Mirror: ‘You would be talking a five-figure dividend for both parties on which they’ll also be liable for separate income tax payments.’
Earnings: The Mirror claims that the cookery writer, 55, could be raking in a huge five-figure sum every year following her split from the Great British Bake Off star, 54
Though they added that the accounts do not identify the amount of dividends made on profits to Paul and Alex.
MailOnline have contacted representatives of Alex and Paul for comment.
In January, Alex – whose marriage to Bake Off star Paul crumbled in 2017, four years after his affair with Marcela Valladolid – insisted she played an instrumental role in his rise to fame, and now hopes to achieve the same for herself.
She told OK!: ‘When Paul and I first came back from Cyprus [where they met], we literally had £1,000 and a suitcase. We worked hard together and as a result of that, Paul got The Great British Bake Off and did really well.
In the money? The publication reports that Alex is still named as a director of the firm Paul Hollywood Ltd and may be getting a share of the profits, adding she could be pocketing a whopping five-figure amount
Money maker? An accountant source told The Mirror: ‘You would be talking a five-figure dividend for both parties on which they’ll also be liable for separate income tax payments’
‘Through hard graft from both of us, he got to the point where he was so big with Bake Off and now it’s my time to shine. I’m not saying I don’t wish him well, I really hope that he will find happiness.’
Paul and Alex’s marriage came close to ending in 2013, when it was revealed that he’d had an affair with his The American Baking Competition co-star Marcela, 42.
He told The Mirror in July of that year ‘It’s my fault. I am very sad about what has happened. I do feel very sad about it and what it brought on the family.’
However, Alex took him back three months later for the sake of their son, now 18, only for the pair to announce in November 2017 that things were officially coming to an end.
Cooking up a success: TV personality Paul has found huge success with the Great British Bake Off and is now estimated to be worth £10million
Claims: In January, Alex insisted she played an instrumental role in his rise to fame, and now hopes to achieve the same for herself
Announcing the end of their union, the pair said in a statement: ‘It is with sadness that we have decided to separate.
‘Our focus continues to be the happiness of our son, and we would ask the press and public to allow us privacy as a family during this very difficult time.’
That same year, Kent barmaid Summer Monteys-Fulham, 24, sparked headlines when she revealed that she’d embarked on a romantic relationship with Paul.
Her revelation sparked outrage from Alex, who filed for divorce on the grounds of adultery soon afterwards, with sources saying she believed he’d been having an affair with Summer before their split.
Affair: Her marriage to Bake Off star Paul crumbled in 2017, four years after his affair with The American Baking Competition co-star Marcela Valladolid
Their romance attracted an avalanche of headlines as Paul treated Summer to countless lavish gifts and even purchased a £1million house in Kent for them to share back in February of last year.
However, things came crashing down in the summer, when Paul asked Summer to sign a non-disclosure agreement drafted up by his lawyers, which she refused to do.
She also recently revealed that she is taking her former flame to court for £4,000 over her two horse shelters, built at his £800,000 Kent farmhouse last year.
Summer claimed she’d been left with ‘no alternative’ but to take legal action against the Bake Off judge four months after they ended their two-year relationship.
She told MailOnline: ‘All I have ever wanted was to get back what is rightfully mine – stuff I bought with my own savings… he’s punishing my horses with his spite.’
Ex factor: The same year his split from his wife was revealed, Paul embarked on a romance with former barmaid Summer Monteys-Fullam. Their relationship ended over the summer