All the speculation of Hamptons exile Fabian Basabe's supposed wealth has taken the spotlight off Paris Latsis, whose name claim to fame is the billions of dollars stemming from his family's shipping (or was it oil and arms?) fortune.

But now daddy latsis, Gregory Kasidokostas, says son Paris hasn't got a dime of that wealth.

Kasidokostas says none of the wealth belonging to Latsis' maternal grandfather, a fortune estimated at $7.5 billion, has fallen into his son's hands yet.

He "hasn't got the money or the property" to have the lavish wedding that has been anticipated for the two Parises. "People who believe this do not know my son," Kasidokostas tells Star magazine. "Even if he did have wealth of his own, it would not be in his character to be wasteful and irresponsible."

Leave that to his future daughter-in-law.