Simon Cowell rides waves with ex-fiancée Megan Hussainy ahead of NYE celebrations

SIMON Cowell and his ex enjoy a spin on jet-skis as the pair prepare to ring in the New Year together in Barbados.

The X Factor mogul - who recently admitted he is casually dating Carmen Electra - has opted to skip celebrations with his new love interest in favour of hanging out with his his ex-fiancée Mezhgan Hussainy.

Simon, 53, got engaged to 39-year-old Mezhgan back in 2010 but later confirmed they had separated.

At the time he declared proposing had been a mistake and that he was a "hopeless boyfriend."

Simon Cowell

Causing ripples ... Simon Cowell

But it would appear they are still good friends as they made a splash in the sea.

A source told the New York Post's Page Six that the 53-year-old music mogul has no plans to see Carmen as she spends New Year's Eve in Las Vegas.

The glamour model is set to appear on stage as part of Simon Hammerstein's theatre show The Act At The Shoppes at the Palazzo on Monday night.

The 40-year-old star is also set to appear on FOX's New Year's Eve Live special while Simon continues to enjoy his annual beach holiday with is ex girlfriend.

Simon Cowell and Carmen Electra

Casually dating ... Simon Cowell and Carmen Electra

Earlier this month Simon - who has been spotted on numerous dates with the TV presenter and model recently - admitted he is smitten with the 40-year-old beauty but insisted she is not his girlfriend yet.

He said: "She's not my girlfriend. We're people who date. She's adorable, isn't she?"

Carmen, who was once married to basketball star Dennis Rodman and rocker Dave Navarro, previously revealed she had fallen for the British millionaire after she filled in as a guest judge on Britain's Got Talent.

Simon Cowell and Mezhgan Hussainy

Former item ... Simon Cowell and Mezhgan Hussainy

She said: "He's so cute. He is adorable. He's actually a sweetheart ... I really liked him. I think he's really cool. Now, obviously, he's in Los Angeles with X Factor and we started to hang out and we became friends ... I think he's a great guy."

Simon and Carmen were first spotted enjoying a flirtatious dinner at Los Angeles restaurant Cecconi's in September.

An onlooker said at the time: "They were getting very cosy. They were holding hands and staring into each other's eyes - and then they started making out.

"They were with other friends at the restaurant but didn't seem to mind."

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