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Mariah Carey has borrowed a mind boggling $18 million on the Manhattan penthouse she bought for half that amount - as her '$1 million-a-month' spending spirals out of control

Mariah Carey has multiple mortgages on her Tribeca penthouse totaling $18.6 million, while taking out $10.6 million in cash advances.

Then, in May 2015, Carey – or Mimi as she is known to fans – borrowed a further $2.6 million with City National Bank, nicknamed 'Bank to the Stars' for offering bumper loans at low interest rates to high-end clients. When she borrowed $9.6 million in August 2016, she was finalizing her divorce to Nick Cannon - although it was reported he didn't receive a cent - just a Ferrari and travel expenses when visiting their two kids, who were primarily in Carey's care. Doug Perry, strategic financing advisor at Real Estate Bees, believes Mariah may need the advances as her earnings are cyclical, with royalties primarily coming during Yuletide for her biggest hit All I Want For Christmas Is You.

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