The 'Unstoppable' actress is reportedly told by her financial team to 'reign in her spending' as she has been blowing a fortune on numerous shopping sprees following her split from her husband.
- Sep 26, 2024
AceShowbiz - Jennifer Lopez's "outrageous" spending habits have allegedly got her team concerned. Amid her divorce from Ben Affleck, the singer/actress is said to have been blowing a fortune on numerous shopping sprees.
A source tells In Touch that J.Lo is "throwing around money like she's a billionaire right now, which just isn't the case," after she filed for divorce from her husband of two years. This allegedly led her financial team to warn "her that if she wants to stay that way, she needs to reign in her spending."
The 55-year-old is believed to have a lot to navigate as she navigates her breakup from Ben. "First of all, she's got this divorce to settle, which could cost her as much as $50 million," the source details. "On top of it, she's now forking on all kinds of things, including another $50 million home."
It was recently reported that the Bronx native is eying the famous Azria Estate in Holmby Hills, which is currently priced at $55 million. While she is trying to negotiate the price down to somewhere in the range of $30 million to $39 million, it will still cost her a fortune
Additionally, "she's beefing up her entourage," the source notes, "which means her weekly spending has instantly tripled because when she goes anywhere, they all go with her."
According to the insider, "She's treating herself to outrageous shopping sprees. She calls it retail therapy and says she needs it, but the bills are outrageous. She's regularly spending a few $100,000 a day on designer clothes for her and her entourage. The way she's hemorrhaging money right now is madness, but she says it makes her happy so it's worth it - end of story."
J.Lo, whose net worth is estimated at $400 million, and Ben didn't have a prenup, which could result in the former pair dividing their "community property" evenly. "It's become very clear now that there's no getting out of paying Ben half of what she made during their marriage, which is obviously not sitting well with her," the source says.
The "On the Floor" hitmaker will likely put up a fight as "she has enough money to drag this out, and frankly she'd rather give the money to lawyers than Ben, so she's given her team the go-ahead to stall as much as they can, no matter what it costs her in fees," according to the informant.
For his part, "Ben is trying to play down the money aspect of it, but there's no doubt it does represent a pretty decent payday," the source claims. "And he's justifying taking it by saying he deserves every dime just for putting up with her and all her drama."
J.Lo and Ben have reportedly hired famous divorce lawyer Laura Wasser to mediate their divorce. On Monday, September 23, the estranged couple reunited at their WeHo office building in Los Angeles, where they were joined by the famed disso queen.