CLAIM: Miley Cyrus Blew $1 Million in Three Months

billy ray cyrus In Touch miley cyrus

3:28 pm, March 17th, 2011

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“Miley goes on a wild shopping spree,” reads a headline from In Touch about Miley Cyrus.

According to the tab, “Miley dropped more than $500,000 on fractional ownership of a private jet, and hundreds of thousands more on clothes, jewelry and furniture.”

In Touch quotes a so-called “friend” of Cyrus, saying her dad “Billy Ray kept Miley on a very short leash when it came to her spending habits, but now that she is an adult and has some control, she’s blowing through money pretty fast.”

The “friend” claims Cyrus has “already spent more than $1 million this year and it’s only March.”

A source close to Cyrus tells Gossip Cop that the In Touch story is “completely bogus,” noting she spends a normal amount on clothes and “does not own a private plane.”

See PHOTOS of Miley as she hangs out at the Chateau Marmont in L.A.!

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