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Paris Latsis Declared 'Just a Student' by Dad

Jul 21, 2005 | 10:37am EDT

Paris Hilton's fiancée Paris Latsis is in no financial position to be heaping lavish gifts on the hotel heiress, according to his father, who insists he is "just a student"

Gregory Kasidokostas, the Greek shipping tycoon, says his son, who recently bought Hilton an eye-catching 24-carat diamond engagement ring and reportedly just bought a Beverly Hills mansion has yet to receive his share of the family's estimated $7.5 billion fortune.

One-time water-ski instructor Kasidokostas also insists Latsis doesn't have the "money or the property" to throw the elaborate nuptials many are expecting.

Kasidokostas, who was briefly married to Latsis' heiress mother, tells Star magazine, "Even if he did have wealth of his own, it would not be in his character to be wasteful and irresponsible."

The couple, who got engaged in May, recently spent time in Greece, where Hilton has been getting to know Latsis' family.

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