Last year pop icon Cher stunned her fans with her very public romance with much younger boyfriend, music exec Alexander 'AE' Edwards [click here if you missed that].
Now insiders claim Cher is blowing through her cash to please AE...
From Radar Online
Sugar mama Cher has been allegedly spending money like crazy since plunging into a May-December romance with boytoy Alexander “AE” Edwards, triggering fears her kids will be left out in the cold, RadarOnline.com has learned.
The 76-year-old music legend is worth an estimated $360 million, but insiders snitch she’s burning through cash since she started dating the 36-year-old music producer, who’s way younger than her children, Chaz Bono, 54, and Elijah Blue Allman, 46.
“It’s a nightmare for Chaz and Elijah who, though they would never admit it, are counting on inheriting a mint one day,” said an insider.
“Cher has always been so careful about her money, but now she’s throwing it at this guy and funding this over-the-top lifestyle. She’s spoiling herself with fancy new jewelry and fancy cars, and treating those around her — AE included — to lavish gifts and whatever daily expenses he wants to put on her tab.
“Everyone’s horrified by her behavior,” said a source. “She’s partying every night with this guy and shopping every day, and it’s burning a hole in her bank account. Everything is about making AE happy and she won’t hear a word against him.”
Cher’s new spending habits are putting her kids’ inheritance payoff in jeopardy, said a source. “The way she’s going through it, there won’t be much left. She’s even talking about investing with AE and his friend Tyga in a massive new music venture.”
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