Paris Latsis dumps Paris Hilton

Earlier this month, Radar Magazine reported it was Greek shipping heir Paris Latsis, who dumped Paris Hilton on orders from his family, specifically his mother. "It's a reality check for her and her parents," says a source.

The source added that "Paris is trying to save her image, denying the truth"

"I'm sad to announce that I've called off my engagement. Over the last couple months I've realized that this is the right decision for me. We remain best of friends, and I'll always love him. I hope people will respect my privacy during this emotional time," Hilton told US magazine.

Hilton, 24 and Latsis, 22, became engaged in the spring. Latsis gave the 24-year-old hotel heiress a 24 carat, $5 million diamond engagement ring.