Mariah Carey’s Rumored Million-Dollar Spending Spree Spirals into $18.6M Mortgage Debt

Mariah Carey, the undisputed queen of holiday anthems, may live a life of luxury, but her financial situation appears to be anything but festive. The iconic singer, known for her extravagant spending habits, has reportedly amassed $18.6 million in mortgage debt on her lavish Manhattan penthouse, raising questions about her financial management despite an estimated net worth of $350 million. NEW YORK, NY – NOVEMBER 29: Singer Mariah Carey is seen outside “The Late Show with Stephen Colbert” on November 29, 2022 in New York City. (Photo by Raymond Hall/GC Images) Extravagant Spending Habits Carey’s spending habits have long been the subject of rumors. It’s reported that the 55-year-old singer spends as much as $1 million per month on designer clothes, luxurious gifts, and high-end experiences, The New York Post reported. She’s reportedly been borrowing substantially against her Tribeca, New York, penthouse, a property she initially purchased for $9 million in 1999. The penthouse, a combination of two units, features stunning views of Lower Manhattan, and Carey has taken out numerous mortgages on the property over the years, The Daily Mail reports. The outlet recently posted Carey’s morgage documents online showing a staggering debt. Carey first took out an $8...