Last year pop icon Cher raised eyebrows after hooking up with much younger music exec Alexander 'AE' Edwards [click here if you missed that].
Now friends are worried that Cher is blowing all her cash on her new boytoy...
From Radar Online
According to sources close to the situation, Cher, 76, has been shelling out big bucks supporting her romance and his lavish lifestyle. An insider said Cher’s inner circle has grown concerned she’s throwing her money away.
Sources revealed the singer has always been careful with her estimated $360 million bank account but has thrown caution to the wind since she started dating the 37-year-old music exec last fall and is funding the couple’s extravagant lifestyle.
“Cher’s letting her boyfriend pull all the strings,” said a source. “it’s all about what A.E. and what he wants. She’s been sucked into his lifestyle of parties, late nights, and drinking, and she’s neglecting her friends — mainly because they’re horrified over her behavior.”
Cher, who once sported a favorite T-shirt saying “Eat the Rich” is getting had, said an insider. Edwards fashions himself a music industry big-wig as the “vice president of artists and repertoire” at Def Jam Recordings with a reported $500,000 yearly salary. But while he’s worked with stars including Jay-Z, Mariah Carey, Rihanna and Kanye West, his actual net worth is estimated at a mere $2 million, said a source.
“Cher’s splurging on gifts for her man and when he sees something he likes or wants to purchase, Cher’s Amex comes out,” said the source.
“She likes dressing him up in the best clothes. She pays for dinner and limos too,” said the source. “But all this expense adds up and it’s burning a hole through her bank account.”
“Cher’s still a wealthy woman with hundreds of millions to her name, but even rich celebs can go broke if they don’t manager their money wisely,” said an insider. “And the fear is that could happen to Cher. She used to be a penny-pitcher, but she’s thrown all care out the window.”
19 comments:
Good dack will do that.
According to Federal Reserve data, a "mere" net worth of $2M at 37 puts him in the 98th percentile.
She got it.
Chuckling at ‘mere $2 million’.
What???
I really hate pretentious people. Whoever wrote this story should lose everything and then they will know what a mere $2 million is.
compare with her millions-those 2 mills are nothing.
She’s not about to run out of money. That’s just stupid. Let her spend it any way she wants too.
This sounds like a PR smear campaign against AE. Cher is a smart woman and is no way going broke over her current boy toy
Cher has been around the block about 101 times. She knows what she's doing. Plus she has some stock and bonds stored away. Is this her first time with some black D?
He didn't have a lavish lifestyle before, but he does now.
Cher got one foot in the grave. Let her live.
Next, he will prop her up on stilts and have her sing "I Believe in life after love". LOLO
she's 76 sleeping with a 37 year old man. whatever she's spending, she's spending happily. she's probably feeling things she didn't think were possible. besides, she's work $360 million. she'll be fine. she's having the time all of us want to be having at 76.
they really are hating on this thang they got going on
You all really don’t understand what 76 is with your “one foot in the grave” comments. Cher’s generation never stopped popping. They ain’t rocking chair grandmas like the old days and they never stopped partying. Plus they got enough money to still look Fab U Lussssss.👏🏽.
I'll ask the question. Would you rather be with Amber Rose or Cher?
One is younger, broke and ran through. The other is older, rich and ran through.
Haters.
AE is the one who’s been run through and is probably using those little blue pills. I doubt if Amber or Cher need any help in the bedroom.
3:39 👏🏾
Her accountant is aware of every dime spent and trust that playboy bill will come due. Don’t sleep on Cher
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