James Packer Net Worth is$5.5 Billion
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Profession: Businessperson, Investor
Date of Birth: Sep 8, 1967
Country: Australia
James Packer was born in Australia and has an estimated net worth of $5.5 billion dollars. A businessman, James Packer is the current head of Consolidated Press Holdings Limited, a media investment company that he inherited from his father. Since he took over the company in 2005, he has shifted its focus to the creationg of a gaming and gambling empire.
James Douglas Packer (born 8 September 1967 in Sydney, Australia) is an Australian businessman.
Packer is the son of the late media mogul, Kerry Packer and grandson of Frank Packer. He inherited the family company, Consolidated Press Holdings Limited, which controls investments in Crown Limited, Consolidated Media Holdings and other companies. He is the former Executive Chairman of Publishing and Broadcasting Limited (PBL), which owned some stations of the Australian commercial television network Nine. His indirect shareholding in Nine through Consolidated Media Holdings was 0.074 per cent as at December 2008.[dead link]
Packer was educated at Cranbrook School in Bellevue Hill, Sydney. After obtaining the Higher School Certificate (HSC) at Cranbrook, Kerry decided it was time to toughen his son up to prepare him for the world of business. He was sent to his father's extensive Newcastle Waters cattle station in the Barkly Tableland of the Northern Territory, where he worked as a jackeroo. His father dismissed the idea of sending young James to university by saying "Why would he want to go there? To learn how to smoke marijuana?"
Besides his father, his toughest mentor has been Albert J. Dunlap.
Packer was a director of Australian Telecommunications company One.Tel, which was declared insolvent during May 2001. The collapse of One.Tel cost PBL A$327 million. Packer admitted at a PBL Annual General Meeting that he had learned "painful lessons" from the collapse of One.Tel. Later at the liquidator's inquiry over the collapse he denied that he was apologising for his own personal conduct; instead he claimed, "I was making an apology for accepting the bona fides of Mr. Rich and a Mr. Heaney, and the executive directors of One.Tel."[citation needed]
Since his father's death, Packer has moved away from the family's traditional media businesses, and focused on creating a worldwide gambling empire. The purchase of the Burswood Entertainment Complex in Perth, Au

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James Packer Latest News

Mariah Carey Confirms New Boyfriend After Breakup With Billionaire James Packer

American Singer, Mariah Carey who burnt her $250,000 wedding dress purchased be ex-fiance and billionaire, James Packer has let slip on the identity of her latest boyfriend. The singer confirmed backup dancer, Bryan Tanaka to be her man in a subtle remark ...
Posted: February 19, 2017, 8:22 am

Benjamin Netanyahu still values James Packer ties

Although the Crown billionaire did make an awkward cameo of sorts at yesterday’s pre-business lunch press conference when Bibi was asked about the investigation by Israeli police into allegations of lavish gifts ­allegedly given by Packer to Bibi’s 20 ...
Posted: February 23, 2017, 5:25 am

Crown Resorts: 'No apologies' for big dividend that hands James Packer $387m

Crown Resorts chairman John Alexander said he will make "no apologies" for a bumper dividend payment that will deliver almost $387 million to major shareholder James Packer, describing it as win for all investors. Despite delivering an operating result ...
Posted: February 23, 2017, 4:26 am
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