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Elton John World News: Accountant warns Elton to cut up the plastic

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The Star-Ledger Newark, NJ

Wednesday 28 January 1998 @ 1:00 - GMT

Sir Elton John's pop music empire will dry up in eight weeks unless the star curbs his extravagant spending habits and replenishes his bank account immediately, a leaked letter from his accountant reveals.

       

The letter, published in yesterday's London Mirror, claims John, 50, regularly spends $85,000-plus on Versace outfits and Theo Fennell jewels, and $17,000 a month on flowers from Bloomingdale's in New York.

       

It reported that John went through $850,000 on a single, one-day spending spree.

       

"For Elton," a source told The Mirror, "when the going gets tough, the tough go shopping," adding that he'd rather not go to the stores solo.