Tommy Mallet has revealed how he has 'sold everything' after previously revealing he was hit with a huge tax bill following the sale of his multi-million pound brand.

The former TOWIE star, 31, said he has been going through a 's**t time' but plans to work to get everything he lost back in a defiant new Instagram post.

Tommy sold his luxury footwear brand Mallet last year after launching in 2015 and making more than £11.8million in sales in one year, making him one of the ITV's show's most successful exports.

The entrepreneur's success skyrocketed and he was named on Forbes' 30 under 30 list for Europe in the retail and ecommerce category in 2021.

However in stark contrast, Tommy admitted he had 'nothing left' in December last year after the quitting footwear business months earlier. 

Tommy Mallet has revealed how he has 'sold everything' after previously revealing he was hit with a huge tax bill following the sale of his multi-million pound brand

The former TOWIE star, 31, said he has been going through a 's**t time' but plans to work to get everything he lost back in a defiant new Instagram post (pictured with son Brody)

Taking to Instagram this week, Tommy revealed he had been going through a 'four month battle and won' as he insisted he now 'has point to prove an will make all that he's lost back abundantly'.

He continued: 'It's probably not over, but as it stands I can work and support my family.

'I've sold all my assets to defend myself and starting from scratch, but I've got some wonderful companies and I will give it my all to get it back so my family can continue living the life I worked so hard to give them.'

'You can buy followers, but you can't buy talent. Once they realise this they try to ruin your character.'

Tommy admitted he couldn't hope with the attack due to his personal issues, writing: 'Normally we are used to this but not on the same year as my wife having a miscarriage and me feeling weak. 

'But as they say it's nothing personal just business baby.'

Tommy added: 'Just call me the monk who has sold his Ferrari for a bit.'

He spoke about his financial struggles during an appearance on Brogan Garrit-Smith's Getting There podcast, where he insisted he had 'no money'.

Taking to Instagram this week, Tommy revealed he had been going through a 'four month battle and won' as he insisted he now 'has point to prove'

He continued: 'It's probably not over, but as it stands I can work and support my family'

Tommy admitted he couldn't hope with the attack due to his personal issues, writing: 'Normally we are used to this but not on the same year as my wife having a miscarriage and me feeling weak

He said: 'I've got nothing financially at the moment. I basically made an acquisition in January, it was quite a big one and it was to buy some shares back for Mallet.

'I put money into Mallet to get my shares back up thinking that I was going to go and basically build the next year, just full force.'

Also touching on his wife Georgia's tragic miscarriage, he said: 'And obviously, after seeing you, I lost the baby. That turned my whole world around and I was like, something needs to change.

'I basically started from scratch. I've got the biggest tax bill ever.'

Tommy previously opened up to MailOnline about how he managed to make his multi-million pound fortune.

He told how he went from being 'unable to read and write' and 'tortured' by his mind due to undiagnosed ADHD to a landing on the Forbes 30 Under 30 rich list.

Tommy left school with no GCSEs after struggling with dyslexia and worked as a carpenter before becoming a reality TV star on TOWIE.

In 2015, Tommy then channelled his passion for trainers into his own footwear line and the business clocked £11.8 million in sales in 2020, with Mallet London shoes and apparel stocked in over 150 stores around the world.

Tommy, who shares his son Brody with Georgia, married his co-star in December last year after popping the question in 2022. 

Tommy, who shares his son Brody with Georgia, married his co-star in December last year after popping the question in 2022.