Mariah Carey has got a new boyfriend, a billionaire who’s the fourth wealthiest person down under, writes TMZ.

According to the online showbiz site, the guy is James Packer, a 47-year-old entertainment mogul who sold a media company and now owns a string of hotels and casinos around Australia and other countries.

He’s worth an estimated $4.6 billion, according to Forbes. TMZ got this pic of Mariah and James taken Friday in Capri, Italy. They’re staying on Packer’s yacht and they’ll be on the boat for “an extended vacation.”