Paul Hollywood and ex-wife finally cut ties in business three years after split

Paul Hollywood and his ex-wife Alex Hollywood have finally cut their business ties three years after announcing their split.

The 54-year-old Great British Bake Off star and Alex Hollywood, 56, have untangled their business relations after finalising their divorce last year.

It comes after Alex, who had been married to Paul for 20 years, claimed earlier this year that she had played a pivotal role in her ex husband’s ascent to fame.

According to The Sun, Paul – who is worth an estimated £10million – has quit his role at AKH Media Publications Ltd and Alex resigned as director of Paul Hollywood Limited.

Alex is believed to have walked away from a company that boasts investments of £2.5million.

Although the documents don’t reveal how much Alex was making from her stake in the company, an accountant has revealed to the publication that she may have been earning a hefty wage.

“On that level of income, you would be talking a five-figure dividend for both parties on which they’ll also be liable for separate Income Tax payments,” the accountant explained to The Sun.

Mirror Online has contacted reps for Paul and Alex for comment.

While finally severing business ties with his ex wife, Paul also recently invited his new girlfriend Melissa Spalding to live with him.

Earlie this year, Paul’s ex Alex said that it was finally her time to shine after helping the GBBO star rise to fame.

“Through hard graft from both of us, he got to the point where he was so big with Bake Off and now it’s my time to shine,” she told OK.

“I’m not saying I don’t wish him well, I really hope that he will find happiness.”

The cookery writer and her ex husband are said to have settled their divorce out of court and resolved their differences in private.

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