Alan Markovitz recently moved into the home in Bloomfield Hills, which is next door to where his ex-wife lives with her new lover, WJBK-TV, Detroit, reported Friday.
Markovitz told WJBK that he erected the statute to get even with the ex-wife's new lover.
He said he never meant for the matter to be public, but said the story grabbed local media attention when his ex-wife's daughter posted a picture of the statue on twitter.
Markovitz owns three Detroit strip clubs and recently wrote a book that Cinemax is reportedly turning into a TV series.
Interpol investigating stolen passports on missing flight
Teacher apologizes for showing sexual image of herself in class