Tommy Mallet admits bank account has dropped from £4m to just £5k

Reality TV star Tommy Mallet has revealed that his bank account balance has plummeted from £4 million to a mere £5,000. The Towie personality shared this financial confession during a podcast where he discussed his personal life and business endeavors.

Making millions from Mallet London

Tommy Mallet, 32, accumulated his wealth through the success of his trainer brand, Mallet London, which he co-founded with business partner Evren Ozka. Over the course of nine years, Mallet London gained significant traction in the footwear industry, propelling both Tommy and Evren to financial success.

A bitter business dispute

Despite the initial prosperity of their business venture, Tommy and Evren found themselves embroiled in a bitter feud over the past year. Tommy hinted at ongoing legal battles surrounding Mallet London, mentioning that he had sold off his assets after leaving the company in October 2023.

New ventures and a documentary

In light of these challenges, Tommy has moved on to launch a new footwear company called CTRNE World. Additionally, he teased the release of a documentary chronicling the rise and fall of his personal empire, emphasizing the importance of focusing on his future endeavors.

Response from former business partner

Evren, Tommy's former business partner, broke his silence on the situation, asserting that he and his company were the true victims in the conflict. Despite the turmoil, Evren remains committed to the success of Mallet London and has no intentions of changing the brand's name.

As Tommy navigates the complexities of business and personal relationships, his journey continues with the upcoming arrival of his second child with wife Georgia Kousoulou.