Joe Wicks ‘launches a new company as his business empire grows to £10million’ following lockdown workout success
Joe Wicks has reportedly launched a new company, bringing his net worth to a staggering £10million.
The Body Coach star, 35, has set up a new company called Joe Wicks Group Limited, according to accounts filed at Companies House, reports The Sun.
The fitness enthusiast is said to be the only shareholder and sole director of the firm with its first accounts from November 2018 to March 2019 showing it had assets of £3.25million.
Success: Joe Wicks has reportedly launched a new company, bringing his net worth to a staggering £10million
The publication reports that the firm is a holding company and its assets are classified as investments.
Along with his new firm, Joe is also the director of three other companies including Joe Wicks Limited which reported a growth in assets from £3.19million to £3.48million between 2019 and 2020.
Adding to his riches, the social media star also has two other companies that are worth more than £7million.
The Bodycoach Online Nutrition Limited is said to have seen assets rise to £3.6million from £2.3million at the end of March this year.
Business: The Body Coach star, 35, has set up a new company called Joe Wicks Group Limited, according to accounts filed at Companies House
Meanwhile, Joe Wicks Limited saw its earnings increase by almost £300,000 to just under £3.5million.
A source said: ‘This is the latest part of the Joe Wicks empire which shows no sign of growing. His popularity has exploded in lockdown with his workouts and he is set to make even more money in 2021.’
MailOnline has contacted a representative for Joe for comment.
The father-of-two recently received an MBE after raising £580k for the NHS with his lockdown PE Lessons.
Impressive: Joe is said to be the only shareholder and sole director of the firm with its first accounts from November 2018 to March 2019 showing it had assets of £3.25million
The Body Coach’s daily morning workouts proved a huge lockdown hit with one million people subscribing to his YouTube channel in the space of a week and raising £580,000 for the NHS.
The fitness sensation, who has 2.57 million YouTube subscribers, celebrated his MBE with a lavish dinner at Lucky Cat by Gordon Ramsey and shared a sweet picture with his mum Raquela Mosquera.
He also described how the food was ‘unbelievable’ and said the chocolate fondant with smoked coconut ice cream was ‘out of this world’.
Joe also claimed a Guinness World Record for live streaming after one of his online classes attracted almost a million viewers.
The fitness star tied the knot with wife Rosie Jones in June 2019 and the couple are parents to daughter India, two, and son Marley, 11 months.
Riches: Adding to his riches, the social media star also has two other companies that are worth more than £7million