Geordie Shore's Chloe Ferry is 'a millionaire' after cashing in on social media

Geordie Shore star Chloe Ferry has reportedly built up her first million in the bank, after getting busy with television work, personal appearances, a beauty line and, of course, sponsored social media posts.

The 24-year-old runs two businesses which handle the cash from her many ventures, with them boasting more than £250,000, according to The Sun.

Two years ago, in 2018, Chloe paid £61,000 in Corporation Tax but will have to pay more for her earnings from last year.

It’s reported that Chloe has earned more than £1million over the last two years, after expenses such as travel, entertaining, research, office costs and salaries were deducted.

Chloe Ferry is reportedly a millionaire after just six years in showbiz

Chloe Ferry is reportedly a millionaire after just six years in showbiz (Image: chloegshore1/Instagram)

There’s no wonder Chloe is rolling in it, when she can charge around £3,000 for a sponsored post on Instagram, which is shared with her 3.4m followers.

However, there are times when the pay-off doesn’t equal the effort, with the Celebrity Big Brother babe finding herself on the receiving end of a bit of backlash from an Instagram ad recently.

Chloe's wealth comes from TV, beauty products and social media posts

Chloe’s wealth comes from TV, beauty products and social media posts (Image: chloegshore1/Instagram)

Chloe shared a fake news story about an apparent future Love Island contestant, Reggy Trades, being confirmed for the summer show – a series which hasn’t even been confirmed itself yet, due to coronavirus.

She finished the caption with “#ad”, meaning somebody had paid her to share the post.

Her followers didn’t trust the post though, pointing out that Chloe didn’t even follow the stocks trader.

They suggested the post was to draw more business to Reggy and his trading account – which is, of course, what an advert is for.

Chloe recently moved into a posh new pad

Chloe recently moved into a posh new pad (Image: chloegshore1/Instagram)

Chloe has recently been enjoying her hard work after moving into a swanky new house last month.

Giving a tour of the place on Instagram, the reality starlet said: “This is what I’ve been keeping a secret. This is my new humble abode.”

Chloe’s wealth has amassed in just six years, after she shot to fame on Geordie Shore in 2014, before later appearing on Celebrity Big Brother and Ex On The Beach.

Source: Celebrities - dailystar.co.uk

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