Jennifer Lopez Is Ms. Richie Rich

Friday, March 25, 2011, 9:49

Pop singer Jennifer Lopez is reportedly cashing some big money appearing on small screen. The 42-yr-old is said to be shopping a lot these days with the whooping amount that she earns as the American Idol judge. According to sources, Jennifer Lopez, with the first paycheck that she received from American Idol, has been shopping some expensive stuff like Gucci luggage, diamond bracelets and $ 3,000 shoes.

“Jennifer always had money, but this is the first time in years she"s getting a weekly check," an insider told America"s In Touch Weekly magazine. “She"s a girl who loves to shop, and she is enjoying her riches and spending it on herself. Of course she is buying stuff for Marc and the twins, but the majority is for her. “She is a style icon who is expected to look great 24/7. And she does."

And not just that, the stylish Jennifer Lopez had recently spoken about her treasured most expensive piece of jewelery that was presented by her husband Marc Anthony.

“My favorite piece of jewelery that I own is a ring my husband gave me for our first anniversary," Lopez said. “It"s a solitaire, a 14 carat blue diamond ring, a very rare diamond. It was a big deal, I"d been married a year."said Jennifer Lopez.

Meanwhile, Jennifer Lopez has teamed with the poker face singer Lady Gaga for her upcoming album. Lady Gaga has penned two tracks for the new album.