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Mimi Macpherson exclusive: ‘I’ve never taken a handout from Elle’

**By Phil Koch

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She may be broke, but Mimi wouldn’t swap with Elle for all the money in the world…**

A freckle-faced teen stops and almost falls over her own feet as she stares at the beautiful brunette posing on Noosa Beach. Her eyes quickly light up in excitement, fast followed by confusion. “Can you help me?” she pleads, squinting into the sun, “but is that Elle Macpherson?”

The woman in her sights is actually Mimi Macpherson — and it is this striking family resemblance which is both a blessing and a curse for Mimi.

The comparisons became downright cruel when award-winning businesswoman Mimi was forced into bankruptcy a few days before Christmas. Her bank balance stood at just $8, while Elle is estimated to be worth a whopping $75million.

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Everyone was soon asking why Elle hadn’t bailed her little sister out of her financial black hole.

“I was the one who signed the personal guarantees for the property developments, not Elle Macpherson,” explains Mimi. “What I have done — successfully or not — is not a product of Elle Macpherson.”

Mimi was also quick to point out that it was never a case of Elle refusing to help her out of her financial nightmare, but rather that she did not ask her super-rich supermodel sister for help to repay creditors after her property development ventures soured.

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