New Couple Alert: Tracee Ellis Ross and Bu Thiam (Def Jam VP)

Actress Tracee Ellis Ross has a new man in her life. His name is Bu Thiam, the rising 20-something executive at Def Jam Records!

The two lovebirds showed up hand-in-hand at club Mansion in Atlanta on Saturday night. They walked into the club together and headed straight for their reserved VIP booth. My spies tell me Bu flew Tracee in for the weekend and lavished her with expensive trinkets. Bu spent thousands of dollars on bottles of champagne for his sweetie and their friends in the VIP.

As you know, Ellis, 38, is the daughter of legendary singer Diana Ross. In addition to being Akon’s brother, Bu is the VP of A&R at Def Jam. He has the distinction of A&R’ing the much-anticipated new album by Jay Z and Kanye West entitled Watch The Throne.

The CD is set to drop on August 2nd. My source at Def Jam tells me that those who’ve heard the album are already calling it a classic! I can’t wait to hear it!