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Divorce will cost Katie Price £2m this year

Her modelling career and entrepreneurial spirit may have netted her £30m, but her impending divorce from Alex Reid and continuing maintenance payments to first husband Peter Andre are set to leave a significant dent in Katie Price’s personal fortune. The model’s on-going divorce from cage-fighter Reid has seen her accrue £500,000 in legal fees this year and she is also expected to provider her husband of 11 months with s £1m divorce settlement. Price is also required to provide first husband, Andre, with £15,000 a month in maintenance and her financial team have estimated that the combined costs of her divorce and this maintenance will total £2m in 2011. Despite her vast riches, Price, 33, is understandably annoyed. She recently informed Closer magazine that she feels that her former partners are ‘bleeding her dry’. A friend of the model also informed the magazine that Price is annoyed with herself and should not have trusted either Andre or Reid. Price’s divorce from Andre was well publicised and often acrimonious with the former pop-star issuing the model with a writ following her having commented on the aforementioned maintenance payments whilst appearing as a guest on the BBC’s Graham Norton Show. Reports have indicated that the matter is yet to be concluded.

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