Levi Johnston Penniless, Living With His Mom

Celebrity News May. 24, 2012 AT 12:00PM
Levi Johnston on September 20, 2011. Levi Johnston on September 20, 2011. Credit: Michael N. Todaro/Getty Images

He's not the Thrilla From Wasilla anymore.

Bristol Palin's baby-daddy, Levi Johnston, is now penniless and living in his mother's Alaska home, a source tells Us Weekly.

"Levi made more than $1 million and squandered it on guns, boats and four-wheelers," the source says of Playgirl's winter 2010 cover model, 22.

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The cash certainly didn't go to Palin, 21, for their 3-year-old, Tripp. "Levi hasn't paid child support in nearly two years," says another insider. "And he has little contact with Tripp."

Meanwhile, the onetime mayoral hopeful is expecting a daughter with girlfriend Sunny Oglesby. (They told Inside Edition they plan to name her Breeze Beretta, after the gun.) Says the first source, "Levi is confused about his life."

PHOTOS: Bristol and Levi--the way they were

Levi Johnston's former rep Tank Jones--with whom he recently parted ways--counters that Levi is doing great.

"I wanted to work on other projects. This was a mutual decision," Jones tells Us of his decision to cease working with the Alaska native. "I would think he would want to do some different things too. I would never leave him at a low point."

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