Biography & Early Wealth Journey

Rob Kim/Getty Images

Rob Kim/Getty Images

What caused the breakup is unclear, but it appears to be a combination of issues. Carey reportedly didn't attend the birthday party of Packer's sister in Australia earlier this year, which caused tension in Packer's family. Carey also was rumored to be hooking up with one of her backup dancers. In addition to the singer's extravagant spending habits, her upcoming reality TV show, "Mariah's World", was another factor that upset Packer.

"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," said a source to Page Six.

Primary Income Streams & Multi-Million Contracts

As for the $50 million Mariah is seeking? A source close to the couple said the following, "Of course Mariah wants money, but she's not getting $50 million. There's no negotiations about money because they haven't spoken since the split. He let her keep the ring, and she isn't getting a cent more. It is ridiculous to claim that James is the reason for the cancellation of her South America tour. A few days ago she blamed it on the promoters."

We'll keep you updated on this sticky situation.