Tommy Mallet has revealed how he “sold everything” after previously revealing he faced a huge tax bill following the sale of his multi-million pound brand.
The former TOWIE star, 31, said he was going through a “shit time” but planned to work to get back everything he lost in a provocative new Instagram post.
Tommy sold his luxury shoe brand Mallet last year after launching in 2015 and turning over more than £11.8 million in a year, making it one of the world’s biggest exports. successful ITV show.
The entrepreneur’s success skyrocketed and he was named to the Forbes 30 under 30 list for Europe in the retail and e-commerce category in 2021.
However, in stark contrast, Tommy admitted he had “nothing left” in December last year, after quitting his shoe business a few months earlier.
Tommy Mallet has revealed how he “sold everything” after previously revealing he faced a huge tax bill following the sale of his multi-million pound brand.
The former TOWIE star, 31, said he was going through a ‘shit time’ but planned to work to get back everything he lost in a provocative new Instagram post (pictured with his son Brody)
Taking to Instagram this week, Tommy revealed he went through a “four month battle and won”, insisting he “now has time to prove he wants everything back abundantly.” ‘he had lost”.
He continued: “It’s probably not over, but as it stands I can work and support my family.
“I sold all my assets to stand up for myself and start from scratch, but I have wonderful businesses and I’m going to give everything to get them back so my family can continue to live the life I’ve worked so hard to create. give them”. .’
“You can buy followers, but you can’t buy talent. Once they realize this, they try to ruin your character.
Tommy admitted he couldn’t look forward to this attack due to his personal problems, writing: “Normally we’re used to this, but not in the same year when my wife has a miscarriage and I feel weak.”
“But like they say, it’s nothing personal, just business, baby.”
Tommy added: “Just call me the monk who sold his Ferrari for a little.”
He opened up about his financial struggles during an appearance on the Getting There podcast, where he insisted he had “no money.”
Taking to Instagram this week, Tommy revealed he had gone through a “four month battle and won”, insisting he “now has points to prove”.
He continued: “It’s probably not over, but as it stands, I can work and support my family.”
Tommy admitted he couldn’t look forward to this attack due to his personal issues, writing: “Normally we’re used to this, but not in the same year when my wife has a miscarriage and I feel weak.
He said: “I have nothing financially at the moment. Basically, I made an acquisition in January, it was a big acquisition and it was to buy back shares for Mallet.
“I invested money in Mallet to get my shares back thinking I was going to build the following year, at full capacity.”
Also addressing his wife Georgia’s tragic miscarriage, he said: “And obviously, after seeing you, I lost the baby. It changed my whole world and I told myself something had to change.
“I started from zero. I have the biggest tax bill ever.
Tommy previously told MailOnline how he managed to build his multi-million pound fortune.
He shared how he went from being “unable to read and write” and “tortured” by his mind due to undiagnosed ADHD to landing on the Forbes 30 Under 30 rich list.
Tommy left school without GCSEs after struggling with dyslexia and worked as a carpenter before becoming a reality TV star on TOWIE.
In 2015, Tommy then channeled his passion for trainers into his own shoe line and the business achieved a turnover of £11.8 million in 2020, with Mallet London shoes and clothing stocked in more than of 150 stores around the world.
Tommy, who shares son Brody with Georgia, married his co-star in December last year after popping the question in 2022.
Tommy, who shares son Brody with Georgia, married his co-star in December last year after popping the question in 2022.
