They say you shouldn’t mix business with pleasure. But celebrity chef Jamie Oliver clearly didn’t obey this adage, and now he’s paid the price.
Once estimated to be worth A$246 million (£150m) – the Naked Chef’s global empire has been sliced much thinner and has “lost loads”, he admitted to the UK’s Daily Telegraph.
Oliver’s losses are thought to be around $147.8 million (£90m) since 2014, although would not reveal an exact figure.
He blamed his multi-million dollar losses on a lethal concoction of not saving against the backdrop of the global recession and getting into business with friends “I shouldn’t have.”
“I basically squirrelled nothing away, I built no safety and I had a slightly weird view of the recession,” the 42 year-old admitted, during the decade between his 30’s and 40’s.
He now has “lists of friends that I shouldn’t have collaborated with – never mix business and pleasure”.
The Briton also admits other mistakes along the way as a wide-eyed, twenty-something chef starting out.
“I didn’t know enough about the realities of business and all the grown up stuff that revolves around a man.”
However, mistakes aside, Oliver’s global successes are impossible to deny – his name is synonymous with cooking, TV shows, cookbooks plus a chain of eponymous Italian restaurants under his belt – including six in Australia.
“If you’re 30 and you’ve got a talent you’ve got to smash it and that’s what we did – we created 8500 jobs and we tried anything that would get anybody cooking. We put good heart and soul in it,” he said.
And who can argue with that?