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Gordon Ramsay banks a £1.1million profit from his image rights company

Money talks!  Gordon Ramsay has seen his bank balance rise after racking up huge losses with his restaurants around the world, with nourishing figures emerging from his image rights company, Humble Pie Media

Gordon Ramsay cashes in £1.1million profit from his image rights company… boosting his balance after his restaurant empire racked up huge £24.7million losses

Gordon Ramsay has seen his bank balance increase after racking up huge losses with his restaurants around the world.

His restaurant empire, which stretches far beyond these shores, with outposts in Versailles and Las Vegas, has racked up immense losses, which now stand at £24.7million – despite £3.3million in furlough payments.

But there is no immediate prospect of Ramsay going on a starvation diet, thanks to nourishing numbers emerging from his image rights company, Humble Pie Media.

Money talks!  Gordon Ramsay has seen his bank balance rise after racking up huge losses with his restaurants around the world, with nourishing figures emerging from his image rights company, Humble Pie Media

Money talks! Gordon Ramsay has had a boost after racking up huge losses with his restaurants around the world, with nourishing figures emerging from his image rights company

He has just reported a profit of £1.1million for the past year, helping to take his total reserves to £5.7million.

Proof that TV chefs tend to produce their most dazzling works away from the kitchen?

The celebrity chef runs or owns a stake in 35 restaurants in the UK and has licensing deals for 13 more 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 had been ‘devastated’ by the financial impact of the crisis and had lost £10million in bookings in January 2021 alone due to the third lockdown.

The TV star previously revealed he was forced to cancel 22,000 reservations for his restaurants in December 2020 as England was under tiered restrictions following a rise in Covid cases.

Gordon told The Sun: ‘In December £10million worth of bookings were canceled overnight.

“From March 19 to February 3 this year we suffered a £57.5 million drop in turnover.”

Hard: His restaurant empire, which stretches far beyond these shores, with outposts in Versailles and Vegas, has racked up huge losses (Heddon Street Kitchen is pictured in London)

Hard: His restaurant empire, which stretches far beyond these shores, with outposts in Versailles and Vegas, has racked up huge losses (Heddon Street Kitchen is pictured in London)

Gordon added that he was forced to accept the government’s furlough scheme to save thousands of jobs in his restaurant empire.

He added: “I get criticized for being rich, but the responsibility on my shoulders – the livelihoods at stake – is enormous.”

All was not bleak for the star’s pandemic bank balance, but last September it was revealed the star had earned £6million through his image rights and production companies.

Gordon Ramsay’s bank balance – which was removed after just one series – Gordon, Gino and Fred: Roadtrip and the Fox series Next Level Chef were among those TV stints that caused his bank balance to soar by an astonishing number.

His production company Studio Ramsey has been churning out a range of shows, producing YouTube segments, as well as Channel 4’s The Fantastical Factory of Curious Craft, hosted by Keith Lemon.

According to reports from The Sun, Gordon’s Humble Pie Media and Humble Pie Productions were worth £9.5million in September 2021, up £7million from the previous year.

Documents have revealed the latter paid just under £1million in tax, while the former paid £142,000 meaning the Hell’s Kitchen star earned around £6million sterling during the pandemic.

Success: Gordon, Gino and Fred: Roadtrip [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

Success: Gordon, Gino and Fred: Roadtrip [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

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