Gregg Wallace is a British television personality, best known for his role as a judge on MasterChef. As of 2024, his net worth is estimated to be £3.9 million. Wallace’s wealth is attributed to his diverse career, which spans broadcasting and various business ventures.
Early Life and Career
Wallace’s career began in the food industry, working as a grocer at Covent Garden market at 15. He later founded his first business, George Allan’s Greengrocers, in 1989, which had a turnover of £7.5 million at its peak. However, the business folded in 2002.
He then entered the restaurant industry, launching Wallace & Co. and Gregg’s Bar and Grill in 2010, but both closed in 2014, leaving him and his investors owing £150,000 to suppliers.
Later, his greengrocer business, Secretts Direct (renamed West Veg Ltd), also went into liquidation in 2013.
Television Career
Wallace transitioned to television in 2002 with BBC Radio 4’s Veg Talk, before gaining prominence as a judge on MasterChef, a role he has held since 2005.
His work on MasterChef and its spin-off shows earned him significant fame and financial success. In 2016, it was reported that he earned £250,000 annually for his role on the show.
Controversies and Investigation
Recently, Wallace stepped back from MasterChef amid an investigation into “historic” allegations of misconduct, which he denies. The BBC is looking into claims made by 13 individuals spanning across five different TV shows over 17 years.
Despite his controversies, Wallace’s career in television and business has made him a wealthy and influential figure in British media, with a notable £3.9 million net worth as of 2024.
