That's a lot of dough! Paul Hollywood faces losing HALF of his £10m fortune in his divorce, it is claimed, as US Bake Off co-star he had an affair with is seen for the first time since his marriage finally 'crumbled'

Marcela, an American TV chef and cookery author, has found love again since her affair with Hollywood.
The mother-of-three, from San Diego, California, is now engaged to fiance Philip D. Button, who she stood alongside last night.
She didn't comment on Hollywood's marriage trouble as,  dressed in mini-dress, knee-high boots and a double breasted blazer, she appeared at a cookery workshop in West Hollywood, California last night

The pop-up event, organised by Google, was briefly disrupted when one audience member felt faint and was stretchered out of the event into a waiting ambulance, but otherwise went without a hitch. 

Master baker Hollywood has built up his massive fortune thanks to several television and book deals.

The 51-year-old earned an estimated £200,000 for each GBBO series at the BBC and has doubled his money now the show has moved to Channel 4.

Hollywood has nearly £8.8million of assets in the company HJP Media LLP and £1.2million in another company called Paul Hollywood Limited. 

Marcella

Marcela, an American TV chef and cookery author, has found love again since her affair with Hollywood.

The mother-of-three, from San Diego, California, is now engaged to fiance Philip D. Button, who she stood alongside last night.

She didn't comment on Hollywood's marriage trouble as,  dressed in mini-dress, knee-high boots and a double breasted blazer, she appeared at a cookery workshop in West Hollywood, California last night.

The pop-up event, organised by Google, was briefly disrupted when one audience member felt faint and was stretchered out of the event into a waiting ambulance, but otherwise went without a hitch. 

Master baker Hollywood has built up his massive fortune thanks to several television and book deals.

The 51-year-old earned an estimated £200,000 for each GBBO series at the BBC and has doubled his money now the show has moved to Channel 4.

Hollywood has nearly £8.8million of assets in the company HJP Media LLP and £1.2million in another company called Paul Hollywood Limited. 

Hollywood, 51, and Valladolid, 39 (pictured) admitted having an affair in 2013. The British baker later described it as 'the biggest mistake of my life'

Solicitor Harold Walker – who deals with high-value break-ups - revealed: 'The starting point will be a 50:50 division of all assets.

'It doesn't matter if his business interests and investments are in sole name or not. They are part of a portfolio built up within a marriage and so his spouse is entitled to share of the spoils.'

Sources close to the couple say the marriage has struggled to cope with Paul's wandering eye after his fame increased – including an affair while working in the US.

And pals say the marriage has been secretly finished for some time.

A family member told MailOnline: 'We are all very sad that this has happened, particularly at this time of year. 

'Our thought are very much with Alex and son Joshua at the moment. It is a very difficult time particularly with Christmas approaching.

In their full statement the couple vowed to focus on the wellbeing of their teenage son Josh, 14 – but did not say whether any third parties had been a factor in the marriage breakdown.

Paul and Alexandra, also a chef, married in 1998, but previously separated in 2013 when he admitted to having an affair with his sexy co-star on the US version of Bake Off Marcela Valladolid, then 35.

They reconciled a few months later and he described the incident as 'the biggest mistake of my life' in an interview at the time.

But industry insiders revealed he had fully intended to start a new life with Marcella – until she pulled the plug on their fling.

And he raised eyebrows by appearing at the recent Pride of Britain awards with ex-Bake Off winner Candice Brown. 

Hollywood and his wife said in a joint statement yesterday: 'It is with sadness that we have decided to separate.

'Our focus continues to be the happiness of our son, and we would ask the press and public to allow us privacy as a family during this very difficult time.' 

Born in Merseyside in March 1966, Hollywood has followed the family baking tradition.

With a grandfather who was head baker at the Adelphi Hotel in Liverpool, a young Hollywood worked at his father's bakery in York.

Inspired by the hard-won success of his father, who had a chain of bakeries, he later became a baker at hotels around Britain including the Dorchester in London