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Celebrity chef burdened by overwhelming debt

Posted on September 3rd, 2014 No Comments

Chef and TV personality Gordon Ramsay is more than $50 million in debt after his ventures lost millions of dollars last year, an article by Reality TV World stated on August 7.

According to reports, Ramsay’s Kavalake Holdings and some of his TV shows in which he offered advice to struggling entrepreneurs lost over $10 million in 2013. Kavalake reportedly must settle $50.5 million in a year. The millions of debts are only related to Ramsay’s businesses in the U.K. Ramsay, 47, has several restaurants in different countries, including in the U.S. He stated on his website his intent to discontinue the “Kitchen Nightmares” series after filming wrapped up.

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