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Janet Jackson’s billionaire fiancé reportedly ripped up their existing prenup and put a better deal on the table as he’s ready to walk down the aisle with his lady love.

Ms. Jackson was supposed to marry Arab ­multi-billionaire Wissam Al Mana but their lawyers could not draw up a prenuptial agreement that worked for both parties in time.

According to Star magazine:

A friend says Janet, 46, and her fabulously wealthy fiancé, 37, were originally planning to get married on New Year’s Eve, but Janet got a case of cold feet and backed out. The tactic worked to her benefit though, as Wissam ripped up the original prenup and drew up one more favorable to Janet, whose $150 million fortune is peanuts compared to Wissam’s billions.

Wissam is one of the richest investors in the Middle East where he represents such fashion and style icons as Hermes and Sonia Rykiel. He is also a major shareholder in Saks Fifth Avenue stores in Dubai, Doha, Bahrain and Kuwait.

“Janet will be marrying into the sort of wealth not even her brother Michael managed to amass during his lifetime of success,” said her friend. “She’s looking forward to a fairytale life with Wissam.”

Should the fairytale turn sour then the agreement still being worked on is reported to guarantee Janet, 46, a “kiss-off” of half-a-billion dollars if they divorce after a minimum of five years.

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