**Wiggles star may need to sell house**
_Ninemsn_
Former Wiggles performer Greg Page sang and danced his way to riches — but has lost substantial sums of money in the global financial crisis.
Page's management has approached media outlets with revelations the founding Wiggles member and songwriter has lost a large amount of his personal fortune as a result of collapsed property investments, A Current Affair reports.
Page, who wore the yellow skivvy in the popular children's entertainment group, has not disclosed how money much he has lost.
But it is believed he may be forced to sell his $7 million home and his collection of Elvis memorabilia — reportedly the fourth largest in the world and estimated to be worth $4 million.
Page left the Wiggles in 2006 due to a blood-circulation illness that left him suffering from fatigue and dizzy spells, rendering him unfit to continue with the group's demanding live show schedule.
The Wiggles for several years now have hovered around the top of the BRW's top 10 list of Australia's richest entertainers, taking out third spot in 2010 with earnings of $33.5 million from live performances, merchandising and television endorsements.
It is thought when Page left the group he received a severance payment of up to $50 million, on top of his earnings from more than 15 years with the Wiggles, A Current Affair reports.
Page started his own property development business about 18 months later, buying and selling multi-millionaire homes in the Hills district, in Sydney's north-west.
The Nine Network's finance editor Ross Greenwood said: "I've seen one of these luxury homes because I went and gave a speech for Greg Page to a group of investors.
"What I saw was one of the most elaborate, magnificent properties that I'd ever wished to imagine seeing in my life. But I wondered: who could ever afford to live there?"
Page is expected to reveal more details about his financial woes in a tell-all autobiography to be published next month.
