Katie Price is said to be in severe financial difficulty after reports she owes more than £500,000 in debt, and it's now been claimed she blew a whopping 'one thousand a day' by former pal Jemma Lucy.
CBB and Ex On The Beach star Jemma issued a warning to up-and-coming TV stars to invest their money wisely, taking aim at Katie and calling her 'stupid' for blowing her £45million fortune.
“How can you be that stupid? To lose all that money and not to have invested wisely for your future? It’s ridiculous," Jemma told The Sun.
“But you see celebrities like Katie, their lifestyles become so expensive they just can't keep up and they start spending money like water.
“Blowing thousands every day just trying to keep up the lifestyle they’re used to. And it’s impossible.”
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Katie, 40, reportedly owes £500,000 to the tax officers and creditors, and was apparently given three months by the High Court to pay up earlier this month - and is due to clear the debts by 30 October of this year.
GALLERY: Katie Price's DRAMATIC transformation over the years 👀
Katie Price before and after plastic surgery
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It's also been claimed by The Sun that Katie may be investigated further by HMRC is she's deemed a 'serial offender' for closing companies that owe a significant amount of tax.
She is also reportedly in danger of losing her £2million West Sussex mansion.