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Did Jennifer Lopez just fork over millions on glorified closet space?

For Cailyn Cox, writing isn't just a hobby, it's her life. Passionate about Hollywood, she makes it her mission to find the most entertaining celebrity gossip for SheKnows readers. And when she's not enthralled in the celeb world, she's ...

She spent how much? Find out how much Jennifer Lopez forked over on her new home

Jennifer Lopez has done exceedingly well for herself, so if she has the cash, why not splurge on a luxury new home?

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The "Booty" hit maker just spent a whopping $22 million on a luxury penthouse in Manhattan, New York City, according to the New York Daily News. The publication reports that Lopez will be living in an apartment block that also houses Chelsea Clinton and NASCAR racecar driver Jeff Gordon — or will she be? Because if the latest reports are true then it looks as though JLo may be headed to Las Vegas, Nevada.

Lopez is rumored to have secured a Vegas residency. According to TMZ, the songstress is in the final stages of making a deal to perform in Las Vegas — and the deal is so good that she'll apparently rake in even more than pop princess Britney Spears.

The gossip site reports that Lopez is being "offered a whopping $350,000 per show at The Axis at Planet Hollywood... the same place Britney is performing."

JLo and Iggy Azalea "Booty" video offends people with brains

Spears apparently makes about $310,000 a show. Not bad for a night's work, right?

JLo would reportedly be working three nights a week, over the course of 24 separate weeks, spread over one to two years. So, if Lopez does sign the deal does that mean her gorgeous 6,540-square-foot pad — complete with four bedrooms and six bathrooms — will just become glorified closet space? Maybe.

VIDEO: Britney Spears' Las Vegas show: Is she lip-synching?

Although Lopez has yet to confirm the residency, if she takes the extremely lucrative deal she may be buying up even more properties around the country.

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