Gemma Collins rakes in eye-watering SEVEN figure sum in just one year
GEMMA Collins has raked in a seven-figure sum ahead of her I’m A Celebrity comeback.
The reality star, 44, has gone from strength to strength since rising to fame on The Only Way Is Essex.
According to new accounts from her company, Gemma Collins Limited, she has brought in a near £1 million profit in the year to September 30, 2024.
Meanwhile, earnings show £230,134 in corporation tax is due within a year.
This reveals Gemma has pocketed a £950,000 profit – based on the 2023/24 corporation tax rate -working out at £2,600 per day.
The firm was set up in 2012 and is run by Gemma’s dad Alan, although she is reported in accounts as the “ultimate controlling party”.
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She channels her earnings from TV, various branding and business endeavours into the company.
As well as her performing arts firm, Gemma has also run four other companies.
These were Gemma Collins Boutique, Gemma Collins Clothing, Gems by Gemma and GemmaCollagen.
However, they would ultimately all have mixed fortunes.
Gemma Collins Boutique went into liquidation owing £76,215.
As for Gemma Collins Clothing, it was in the red as per its last accounts.
Elsewhere, Gems By Gemma held £41,505 at its last accounts and GemmaCollagen was set up in 2020 but closed in 2021 without filing accounts.
Other ventures
After over a decade, Gemma is set to make a return to the I’m A Celebrity jungle for the second All Stars series.
In April, The Sun first exclusively revealed bosses were in talks with her for a jungle comeback.
She originally competed in the 2014 series, only to memorably quit after just three days.
A source said at the time: “She hated it first time round but knows it would be TV gold for her fans if she gave it another go.
“The discussions could go either way but signing her would be a huge win for execs.”
The Sun later revealed her in the full line-up – which also includes Gemma’s 2014 campmate Craig Charles.
Continuing in her reality TV roots, she is set to front her own upcoming Sky series titled Gemma Collins: Four Weddings and a Baby.
The Sun revealed this eight-part series will follow Gemma’s life over the course of a year – including domestic moments, glamourous events and her IVF journey.
In September 2024, Gemma revealed the secret side hustle that has made her a millionaire.
PROPERTY QUEEN
Speaking exclusively to The Sun, Gemma revealed she has been quietly investing in property for the past few years.
This means snapping up properties before flipping them – then renovating and reselling them within a year.
Gemma told The Sun: “I’ve put money into property.
“I don’t worry about my future because I’ve put everything in place -but I’ve done it late in life.
“I had normal jobs and I’m not sure there were pension schemes then, I am self-employed, so I did it late in life.
“I was 40 when I started to [invest], I wish I had the knowledge that I have now in my 20s.”
