James Packer has called it quits with fiancée Mariah Carey, according to a new report.

According to Australian publication Woman's Day, the billionaire casino don, 48, dumped the 46-year-old pop-star over her 'extravagant spending' as well as a falling out over her new reality TV show, Mariah's World. 

'It's all over,' a family friend allegedly confirmed to the publication this week.

'James had huge reservations about Mariah's new reality TV show and the fact that she was willing to expose their lives to the world.' 

The glossy magazine also claimed that the tycoon has allowed her to keep her $10m diamond engagement ring.

The pair became engaged in January after a whirlwind romance of less than a year.

(Daily Mail)