Jeremy Clarkson and Top Gear pals get £29m payday as The Grand Tour firm winds up
JEREMY Clarkson, James May and Richard Hammond are set to share £29million between them after winding up their company. The telly trio – plus their executive producer Andy Wilman – have closed their company, Chump Holdings Ltd, and cashed out. The firm was responsible for producing their Amazon Prime series The Grand Tour. When Chump […]
JEREMY Clarkson, James May and Richard Hammond are set to share £29million between them after winding up their company.
The telly trio – plus their executive producer Andy Wilman – have closed their company, Chump Holdings Ltd, and cashed out.
The firm was responsible for producing their Amazon Prime series The Grand Tour.
When Chump Holdings – established in October 2015 to make The Grand Tour – was wound up last month, it had a surplus of £28,927,645 after its debts were cleared, according to Mail Online.
This amount included £24,715,708 cash in the bank.
Jeremy, James, Richard and Andy each held a 25 per cent stake in the company. So they’ll bag just over £7million each before tax.
The money is believed to be separate to the fees the boys received to deliver each series.
Chump Holdings was put into voluntarily liquidation last month.
This essentially means the directors have chosen to close down the company and share any leftover money between them – and pay off any debtors.
It’s different to compulsory liquidation – that is usually forced by a creditor when the company owes a sum of money they can’t pay.
Although they’ve shut down Chump Holdings, Jeremy, James and Richard are still listed as directors of W Chump & Sons – which made more than £8m in profits following the first season of The Grand Tour.
Earlier this year, Clarkson was estimated to have a net worth of £30 million, making him much richer than Hammond (£20 million) and May (£9 million).
Jeremy reportedly earned £1 million a year as the host of BBC’s Top Gear – so he’s been earning considerably more since he was fired by the corporation.
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