2015 Billboard Music Awards - Arrivals

Source: Jason Merritt / Getty

Word on the street is, Mariah Carey has new boyfriend. According to TMZ, the iconic singer is dating a billionaire named James Packer, who is the 4th wealthiest person in Australia.

Packer is a 47-year-old entertainment mogul who sold a media company and now owns several hotels and casinos around Australia, and other parts of the world. According to Forbes, Packer is worth an estimated $4.6 billion.

TMZ got a picture of Carey and Packer in Capri, Italy. They’re said to be staying on Packer’s yacht, enjoying vacation time, before heading to Cannes and St. Tropez for more fun. According to the rumor mill, Packer had been pursuing Carey for months, and it looks like he finally wore her down.

Meanwhile,  Nick Cannon is probably somewhere plotting on his next baddie. Gotta keep the competition healthy, right.

Also On HelloBeautiful:
Top 50 Natural Hair Products For Black Hair
She's got a natural glow
25 photos
More From HelloBeautiful