Gordon Ramsay rakes in staggering £11m profit as star makes piles of cash in just one year
GORDON Ramsay has raked in £43 million from TV alone last year cementing his status as the country’s biggest celebrity chef.
The figure was released by his telly firm Humble Pie Productions Ltd in its latest accounts.
It announced an exact turnover of £43,175,522 for an 18-month period up to 30 June 2023, and it works out at £11,516,196 gross profit.
The previous financial year saw the firm “only” turn over £7 million and make £3.9m gross profit.
According to the accounts filed with Companies House, the reason for the huge rise is due to a joint venture with Fox from September 2021, and his new TV shows in the US and the UK.
It states: “The company has been commissioned to produce shows such as Trailblazers for the BBC, Gordon’s Food Stars for Fox and Next Level Chef for both ITV and Fox.
“The commissioning of these shows has significantly contributed to the dramatic increase in the turnover during the period.”
The firm’s ready cash in the bank is now £8m, compared to £1.6m in 2021.
“But Gordon elected not to pay himself a dividend nor the other two directors Robert Wade and Jeffrey Acosta, both of Fox Corporation, who are the ultimate parent company.
The firm’s success is mirrored by the doubling of employees during this time – with 52 people now working for the business compared to 24 in 2021.
The firm paid £1.1m in UK corporation tax.
According to Forbes his latest “Studio Ramsay Global” deal with Fox Broadcasting Company was estimated to be worth an eye-watering £150m.
But Ramsay has insisted his six kids “won’t see a penny” of it.
He told The Telegraph in 2017 that he wants them to make their own way in life, just like he did.
Gordon said: “It’s definitely not going to them, and that’s not in a mean way; it’s to not spoil them.
“The only thing I’ve agreed with Tana is that they get a 25 per cent deposit on a flat, but not the whole flat.
“I’ve never been really turned on about the money. That’s not my number one objective and that’s reflected in the way the kids are brought up.”