Billy Ray Cyrus Pulling Out all the Stops to Impress Elizabeth Hurley Despite Being Cash-Strapped

Billy Ray Cyrus is banking on his new girlfriend, Elizabeth Hurley, to be his sugar mama.

Although the “Achy Breaky Heart” crooner, 63, has been laying out cash in an effort to impress Liz, 60, his girlfriend of four months, sources say he’s struggling to keep pace with the Brit’s extravagant lifestyle.

“Billy Ray has blown through a lot of money wooing Liz and really went all out for her birthday but now he’s reining himself in,” realizing he’s in no position to keep up with her jet-setting ways and expensive tastes, a source says.

“Liz is way wealthier than Billy Ray and he’s hoping she’ll throw him a bone by picking up the tab for their trips away, fancy dinners and the five-star lifestyle she’s so accustomed to.”

As readers know, Billy Ray has burned through big bucks in recent years, thanks to a string of high-profile dramas and bad romances that drained his once bulging bank balance.

Liz is worth a reported $50 million, thanks to her successful modeling career, while Billy Ray’s net worth is significantly lower at $10 million and dwindling fast.

As the National ENQUIRER previously reported, the country singer’s net worth was chopped in half by his ex-wife Firerose, 36, whom he divorced last August after a toxic whirlwind marriage that lasted just seven months.

Though the Australian singer walked away without a payoff, Billy Ray spent a small fortune fighting her in court.

Sources say Billy Ray’s performing career isn’t bringing in the cash like it once did, and the upkeep of his sprawling Tennessee is a big-time expense, leaving him a pauper in comparison to the Austin Powers actress.

Although he pulled out all the stops to celebrate her 60th birthday by whisking her off to a Caribbean island, “the truth is that Billy Ray can’t really afford to drop hundreds of thousands on private jets or fork out for five-star hotels,” our insider says.

“So he’s desperate to keep this romance going and sees her as his dream girl and his ticket to ride, in more ways than one.”