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Selena Gomez: Is She Going Broke?

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We all know Selena Gomez makes bad decisions when it comes to boyfriends. Case in point: Justin Bieber.

But a new reports also claims the singer makes bad decisions when it comes to shopping, spending and spending to the point where he huge fortune is looking less and less huge these days.

"Selena still owns a home in Woodland Hills, California, as well as the home her family lives in,” an insider tells Life & Style.

"Those homes are worth at least $3 million each. Then she bought a third house, also worth $3 million, in Hidden Hills [California]!"

Simply Selena Gomez

Who needs that many houses, right?!?

Selena reportedly has about $16 million to her name, but that number keeps dwindling as she keeps purchasing properties and also as she keeps traveling.

"She takes private jets everywhere!” the insider adds, explaining that these rides cost up to $20,000... per hour.

We wonder how many of those expensive trips were to see Bieber. The couple were seen kissing and flirting at a bowling alley a few days ago.

Need another example of Selena's uncontrollable spending habits?

A recent stay at the Sunset Tower Hotel in Los Angeles set her back at least $35,000.

“She had friends stay there with her for two weeks,” says the insider. "And she picked up the tab!”

It costs, sometimes, to be generous.

Lindsay Lohan
Lindsay Lohan used to make serious bank! But she spent it all on blow and had to have her move to New York bankrolled by Oprah Winfrey.

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