A recent report claims that Cher's extravagant spending habits, fueled by her romance with Alexander "AE" Edwards, are jeopardizing the inheritance of her children, Elijah Blue Allman and Chaz Bono. The legendary singer's net worth is estimated at $360 million, but insiders allege that her relationship with the younger Edwards has led to excessive spending.

An anonymous source said, "It's a nightmare for Chaz and especially Elijah, who, though they would never admit it, are counting on inheriting a mint one day. 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."

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. Everyone's horrified by her behavior. 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 has not responded to these claims, so fans should take these unverified reports with caution until further evidence comes to light.

In related news, Cher is eager to sell her Malibu mega-mansion, slashing the asking price by $10 million to entice potential buyers. Initially listed at $85 million in October 2022, the property was briefly removed from the market before being relisted at $75 million. The mansion boasts luxury features such as a chef's kitchen, a private theatre, a detached guest house, seven bedrooms, and nine bathrooms, along with stunning views of the Pacific Ocean.

Cher previously spoke about her love for the home, saying, "Every room has two views of the ocean, each of which is so beautiful — the water is always glistening, the sunset always happening. My house is so special because it's my sanctuary, my fortress, really—the only place I have any privacy. There's no place else that I would rather be."

The singer purchased the land in 1998 for nearly $3 million and collaborated with builder Wallace Tutt III and designer Ron Wilson to create the custom Venetian-inspired estate.