Gordon Ramsay: Financial Nightmares

Gordon Ramsay has had a bit of trouble balancing his books. According to a London Guardian article, his main company, Gordon Ramsay Holdings, owed £3.4m (or about $4.8 million) to the Royal Bank of Scotland in August of 2007, and owed its suppliers about $7 million, figures that may have risen after the economy tanked and the well-to-do stopped frequenting his restaurants as often. An expert tells the Guardian: “It looks like they have expanded a lot, and done it by increasing bank debt in the UK at a time when the economy has problems.” Worst comes to worst, Gordo shouldn’t have trouble repaying lenders out of his own pocket — he recently gave himself a raise from about $1.2 million to about $1.5 million, and his current fortune is estimated to be at about $84.6 million (wait a minute, what happened to Rachael Ray being the highest-earning chef in the world with $18 mil?).

Ramsay's New Kitchen Nightmare [Guardian UK]

Read more posts by Daniel Maurer

Filed Under: accounting, El Gordo, finances, gordon ramsay holdings, royal bank of scotland, salaries

Copyright NYMag - NY Mag Grub Street
Contact Us