Towie Star Tommy Mallet Claims to Have 'No Money' Despite Selling Million-Dollar Trainer Brand

Reality Star Turned Shoe Entrepreneur

Towie legend Tommy Mallet, known for his time on the hit reality show, has made headlines again. This time, it's for his surprising claim that he has 'no money,' despite having built a successful luxury trainer brand worth millions.

From Rags to Riches

After launching his footwear brand Mallet, Tommy Mallet's fortunes took a dramatic turn. He became a multi-millionaire and has since enjoyed the perks of his success, including spoiling his family and treating himself to a custom-made Ferrari worth £500,000.

A Change in Finances

However, in a recent interview on the Getting There podcast, Tommy revealed that his financial situation has taken a downturn. He explained that a significant acquisition in January led to him needing to invest more money into Mallet to regain his shares. Unfortunately, personal tragedy struck when he lost his baby, prompting him to reassess his priorities.

Starting From Scratch

Tommy Mallet admitted that he is essentially starting from scratch and facing a substantial tax bill. Despite his setback, many fans have rallied around him, expressing their confidence in his ability to bounce back. They believe that his industry knowledge and experience will be valuable assets in his journey to rebuild his fortune.

Support from Fans

While some skeptics questioned Tommy's claims, many fans offered words of encouragement. They praised his honesty, resilience, and determination, assuring him that he will have a successful year ahead.

Tommy Mallet may be facing financial challenges at the moment, but his fans remain steadfast in their support. Only time will tell if this Towie legend can once again rise to the top.