The Billionaire Heir And The Hollywood Actor: Who Is BLACKPINK's Lisa Really Dating In 2025?

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As of December 23, 2025, the dating life of BLACKPINK's Lisa (Lalisa Manobal) remains one of the most intensely scrutinized topics in global entertainment, with the superstar herself maintaining a strict silence. The narrative is currently dominated by a long-standing, high-profile relationship rumor involving a European billionaire heir, which has recently been challenged by a fresh, unexpected sighting with a popular American actor, creating a fascinating love triangle in the media.

The latest updates from 2025 suggest the relationship between Lisa and the LVMH heir, Frédéric Arnault, is still the most likely scenario, fueled by numerous public and private sightings. However, recent photos of Lisa with Hollywood star Ross Butler have sent the rumor mill into overdrive, leading many fans to question if the power couple has quietly separated. This article dives deep into the two most prominent—and current—dating rumors surrounding the K-pop icon.

Lalisa Manobal: A Quick Profile of the Global Icon

Before diving into the dating speculation, it is essential to know the global figure at the center of the rumors. Lisa is one of the world's most influential artists, a member of the record-breaking K-pop group BLACKPINK, and a solo artist breaking streaming records worldwide.

  • Full Name: Lalisa Manobal (Born Pranpriya Manobal)
  • Stage Name: Lisa (리사)
  • Date of Birth: March 27, 1997
  • Age: 28 (as of 2025)
  • Birthplace: Buriram, Thailand (raised in Bangkok)
  • Nationality: Thai
  • Group/Role: Main Dancer, Lead Rapper, Sub-Vocalist, and Maknae (youngest) of BLACKPINK
  • Solo Debut: 2021 with the single album *Lalisa*
  • Key Achievements: Multiple Guinness World Records, first K-pop solo artist to win an MTV Video Music Award, and a global ambassador for several luxury brands, including Celine and Bulgari.

The Long-Running Rumor: Lisa and Frédéric Arnault

The romance rumors between Lisa and French businessman Frédéric Arnault have been circulating for over two years, escalating from mere speculation to a widely accepted, albeit unconfirmed, relationship among fans and the media. Frédéric Arnault is an executive at LVMH Moët Hennessy Louis Vuitton, the world's largest luxury goods group, and is the son of its chairman and CEO, Bernard Arnault.

A Timeline of the Power Couple Rumors

The relationship timeline between the K-pop superstar and the luxury fashion heir is marked by increasingly public sightings, suggesting a serious, long-term connection.

  • November 2022: Early Speculations. The first rumors began when Frédéric Arnault was spotted attending a BLACKPINK concert and later following Lisa on social media.
  • Mid-2023: Paris Sightings. Rumors intensified after the two were repeatedly photographed together in Paris, including a sighting at a restaurant and later taking a stroll together.
  • August 2023: Vacation Photos. Photos circulated showing the two on vacation in Italy, believed to be in Sicily, where they were seen enjoying a seaside date.
  • Late 2024/Early 2025: Continued Public Appearances. Despite the rumors with Ross Butler, Lisa and Frédéric Arnault continued to be spotted together at various events and private gatherings, reinforcing the idea of a stable relationship.

Frédéric Arnault's background as the CEO of LVMH Watches (and more recently, CEO of Loro Piana since 2025) makes him a significant figure in the world of high-end luxury, a world Lisa is deeply embedded in as a global ambassador. The pairing of a K-pop idol with a powerful, wealthy European executive has captivated the public, cementing their status as a potential global "power couple."

The New Intrigue: Lisa and Hollywood Actor Ross Butler

Just when the Frédéric Arnault rumors seemed settled, a new wave of speculation emerged in 2025, suggesting a potential shift in Lisa's dating life. This fresh rumor involves American actor Ross Butler, known for his roles as Zach Dempsey in the Netflix series *13 Reasons Why* and Reggie Mantle in *Riverdale*.

The Singapore Sighting That Sparked the Rumor

The buzz began in late 2025 when Lisa and Ross Butler were spotted together in Singapore following the F1 Grand Prix event. The public sighting immediately fueled speculation that Lisa and Frédéric Arnault may have quietly ended their relationship.

Ross Butler's profile:

  • Full Name: Ross Fleming Butler
  • Date of Birth: May 17, 1990
  • Age: 35 (as of 2025)
  • Birthplace: Queenstown, Singapore
  • Ethnicity: Singaporean-born American; his mother is Chinese-Malaysian.
  • Career Highlights: Major roles in popular teen dramas, establishing him as a recognizable Hollywood figure.

While the photos of Lisa and Ross Butler are undeniable, the nature of their relationship remains purely speculative. They could be professional acquaintances, friends, or even working on a secret project, given Lisa's expanding solo career and recent acting debut in *The White Lotus*. However, the timing of the sighting—amidst the intense Frédéric Arnault speculation—was enough to generate massive global headlines and a flurry of LSI searches regarding a potential split.

Conclusion: The Current Status of Lisa's Love Life

The question of "Who is Lisa dating?" in late 2025 still points predominantly to the French luxury executive, Frédéric Arnault. The vast number of sightings over a prolonged period, from Paris to Sicily, provides the strongest evidence for a committed relationship.

However, the new rumor involving Ross Butler introduces a compelling twist to the narrative. Until Lisa or her agency, LLOUD, issues an official statement—which is highly unlikely given the K-pop industry's history of keeping private lives guarded—the true relationship status of Lalisa Manobal remains a fascinating mystery. What is clear is that the global icon is currently linked to two highly successful and prominent figures, maintaining her status as one of the most talked-about celebrities in the world.

The Billionaire Heir and the Hollywood Actor: Who is BLACKPINK's Lisa Really Dating in 2025?
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