Former Wiggle Loses Fortune

Greg Page, the former Wiggles founding member who hung up his yellow skivvy for health reasons in 2006, has lost a “substantial” amount of his fortune due to bad high-end property decisions.

As a result, he may have to sell his $7 million home and his massive Elvis Presley memorabilia collection – estimated to be the fourth-largest in the world and worth $4 million.

According to the Nine Network’s nightly TV show “A Current Affair,” Page received a severance payout of $50 million.

The extent of Page’s financial loss is not known, but could be revealed next month when he publishes his autobiography.