What is the term for 'A man who wastes his money on luxury'?

Extravagant (adjective): 
English Meaning - Spending too much money, or using too much of something; A man who wastes his money on luxury. 
Bangla Meaning - অপচয়কর; অপব্যয়ী। 

Other options, 
Prudent - Careful in the way that you make decisions or spend money so that you avoid unnecessary risks; পরিণামদর্শী। 
Parsimonious - Not willing to spend money or use a lot of something; কৃপণ। 
Benefactor - Someone who gives money to help an organization, society, or person; উপকারকারী। 

Source: 
1. Cambridge Dictionary. 
2. lecture.