A Belgian-Israeli billionaire diamond trader known for his extravagant lifestyle has died after undertaking penis enlargement surgery.

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Ehud Arye Laniado died at the age of 65. Picture: TwitterSource:Supplied

A billionaire diamond trader has died during a penis enlargement operation at a posh Parisian clinic, it was reported.

Ehud Arye Laniado died at the age of 65 in the clinic of an unnamed plastic surgeon on the Avenue des Champs-Elysees in the French capital Paris.

According to local media, complications during surgery proved fatal for the Belgian-Israeli dual national and he suffered a heart attack when a substance was injected into his penis.

The billionaire, whose exact fortune is not publicly known, got in trouble with the authorities in 2013,The Sunreported.

Ehud Arye Laniado died at the age of 65. Picture: TwitterSource:Supplied

He faced claim for 4 billion from the Belgian authorities for tax evasion on diamonds illegally imported from Congo and Angola, BelgiansGVAreported.

Laniado reportedly prevented a tax evasion trial by agreeing to pay 137.7.

However, as the Belgian customs office suspected him of lying or giving incomplete information about some of the diamonds imported from Angola and Congo and still claimed 4 billion as well as a 1.7 million fine.

Even though two courts dismissed the Belgian customs offices claim, an appeals court ordered a new trial with Laniado due to appear in court on 14th March.

Laniados company Omega Diamonds, which is based in the Belgian city of Antwerp where most of the worlds top diamond traders operate, confirmed his passing.

A statement read: Farewell to a visionary businessman. It is with great sadness that we confirm that our founder Ehud Arye Laniado has passed away.

Ehud Arye Laniado ran the company Omega Diamonds. Picture: TwitterSource:Supplied

According to media reports, Laniado suffered from a so-called Napoleon complex due his short stature.

An old friend of Laniado, who wished to remain anonymous, said he was known as The Argentinian at Omega Diamonds because he looked like a tango dancer.

The old friend said that Laniado was always focused on his appearance and how others perceived him.

According to Laniados friends, the only time he forgot about his short height was when he asked his accountant to read out his bank statement, something which he did multiple times a day, it was reported.

Laniado reportedly owned the most expensive penthouse in Monaco worth over 30 million as well as a house in the plush LA suburb of Bel Air where he loved to drink bottles of Chateau Margaux with models and celebrities.

According to local media, Laniado did not go to university and he started off his career as a masseuse at the Hilton hotel in Tel Aviv.

A friend said: In Antwerp, it turned out that he did have some talents. Internationally, he was one of the biggest experts in valuing raw diamonds.

In 2015, Laniado sold the worlds most expensive diamond called the Blue Moon of Josephine to Hong Kong businessman and convicted felon Joseph Lau Luen Hung for 36.8 million.

This story was originally published in The Sun and is reprinted with permission.

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