CELEBRITY
MONEY:
Cash Was A Mystery
Toyah's early struggles for fame and fortune have
shaped her current attitude towards money.
The 80s pop queen says: "My parents struggled
financially and when I was at drama school I was so poor all I could afford
to eat was a Mars bar and a cup of tea. It was the generosity of friends
that kept me fed and sheltered."
But money worries are now a thing of the past.
The I'm A Celebrity... Get Me Out Of Here! contestant now owns a string
of investment properties but says she will never charge rent. Instead,
she offers them to personal contacts if they take on responsibility for
the upkeep.
Her first taste of fame came when she appeared
in the 1977 punk movie Jubilee. Later that year she put together her own
band and she finally achieved chart success at the age of 23 with It's
A Mystery.
"During the first years of my career my accountants
were pilfering my money," she says. "I've been my own financial manager
for the last 10 years."
She has continued to be successful in film and
theatre and spent much of last year performing in the West End production
of Calamity Jane.
Toyah bought her house in Chiswick for £117,000
eight years ago. It's now worth about £250,000.
"I've got a few bonds and ISAs as well and about
20 different pension plans," she says.
"But they've all lost 40 per cent and I'm really
angry. The problem with these products is that financial advisers do better
out of them than the individual does."
Age: 45.
Status: Married to Robert Fripp, a guitarist
in Nashville, Tennessee. The couple chose not to have children.
Lives: Mainly in Chiswick, London.
Career: Actress and 80s pop singer, she
appeared in the second series of I'm A Celebrity... Get Me Out Of Here!
Best investment: Made £100K on a
flat in Wapping.
Worst investment: Lost £14K on studio
apartment in Chelsea.
Money attitude: Never borrow - money should
work for you not others.
Daily Mirror
April 2004 |