Looks like Kate Gosselin might be marrying into the millions!

The reality star and her uber-rich man friend Jeff Prescott are rumored to be engaged after Kate was spotted wearing a big ol’ sparkler on her ring finger this weekend.

Kate was signing autographs at a block party in Philadelphia hosted by TLC when she was photographed with what looked to be a triple-banded jewel-encrusted ring on her left hand.

kate gosselin engaged

While we don’t know much about Kate’s millionaire main squeeze, we do know they’ve been linked since late last year and he is a divorcee with three kids.

51-year-old Jeff has also been accused of child neglect by his ex-wife, as was revealed in 2006 court documents obtained by Radar Online. That being said, the exes are reportedly on much better terms these days.

kate gosselin

Kate herself is facing some heat in court from ex-husband and father of her eight children, Jon Gosselin, who is currently seeking custody of their 11-year-old daughter Hannah after the little girl claimed she was afraid of her mother.

And insiders claim Kate is guilty of a bit of neglect as well. “She took off for four days last week,” the insider told In Touch. “She left the kids with the nanny. Kate is supposed to give Jon first right of refusal to take care of the kids when she goes away and she didn’t.”

The custody hearing is due to happen in June.

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