Katie Price is "stupid" for losing £45million but was "spending thousands a day" - Daily News
</form> Katie Price was " stupid " to blow her £45million fortune claims her former friend Jemma Lucy Jemma witnessed Katie"s eye-watering spending habits first-hand when they lived together shortly after she was a contestant on modelling contest, Signed By Katie Price The former Celebrity Big Brother star claims Katie would spend "thousands every day" back in 2011 "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 "I am blown away that Katie is on the verge of bankruptcy – she had a clever, business brain and was always thinking about her next venture " The mother-of-five - who was once worth £45million - narrowly swerved bankruptcy by offering the courts a repayment plan for an unpaid £20,000 tax bill And that"s said to be just the tip of the iceberg, with her debts estimated to total £600,000 , including a second mor...