Sarah Ferguson Money Problems
February 11, 2012 by staff
Sarah Ferguson Money Problems, Sarah Ferguson, the Duchess of York, has come clean about the financial problems that have led some to dub her the “Duchess of Debt.”
Ferguson told the British magazine “Hello” that she owes 600,000 pounds — roughly $889,000 — after the collapse of her U.S.-based business, Hartmoor, a lifestyle company.
Ferguson said she started the company after meeting “someone who has masterminded the careers of several big entertainers,” but didn’t say who. She said she invested into Hartmoor all the money she earned from producing the film “The Young Victoria” and from her children’s book series.
The idea for the company, she said, “seemed fantastic” but Ferguson told the magazine that the reality proved far different.
“I could write a really interesting book about finance for women, and the first bit of advice I would give is never sign away your intellectual property. You won’t have any control over your own life. That’s what happened to me,” she said.
The company, she said, “spent money on offices and moving me into an apartment I didn’t need.”
“I wasn’t on the management team, I was an employee and an investor and yes, I am of course very disappointed and upset at what happened,” she said.
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