Cher's recent spending spree in the wake of her relationship with younger fiancé Alexander "AE" Edwards has raised concerns about her children's future inheritance, sources reveal. The 76-year-old music icon, who is worth an estimated $360 million, has reportedly been spending large sums of money since dating the 37-year-old music producer, who is younger than her children, Chaz Bono, 54, and Elijah Blue Allman, 46.

According to an insider, Chaz and Elijah are becoming increasingly concerned about their potential inheritance, even though they would never openly admit it. They said, "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."

Cher's new spending habits include indulging in luxurious jewelry, cars, and extravagant gifts for those around her, including AE. The insider added, "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."

However, this behavior has left many people close to her in shock. "Everyone's horrified by her behavior," the insider said. "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."

This newfound extravagance is reportedly putting her children's inheritance at risk, as one source expressed, "The way she's going through it, there won't be much left." Furthermore, Cher is considering investing in a large-scale music venture with AE and his friend Tyga, which could potentially impact her financial situation even more.

As Cher continues to spend money at an alarming rate, concerns for her children's inheritance grow, leaving many to wonder how this situation will unfold in the long run.