selena-gomezAn insider exclusively tells?Life & Style?that Selena Gomez is tearing into her estimated $16 million fortune at an alarming speed.

For starters, ?Selena still owns a home in Woodland Hills, California, as well as the home her family lives in,? explains an insider. ?Those homes are worth at least $3 million each. Then she bought a third house, also worth $3 million, in Hidden Hills [California]!?

Her frequent flying is racking up bills as well. ?She takes private jets everywhere!? The price tag? Up to $20K an hour.

A recent stay at LA?s Sunset Tower Hotel also set her back at least $35K: ?She had friends stay there with her for two weeks,? says the insider, ?and she picked up the tab!?




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