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

Where was he? Billionaire James Packer 'absent' from ex-wife Erica Packer's 40th birthday celebrations in Aspen as family members and Orlando Bloom join three-day festivities

The Australian billionaire has kept a low profile since splitting with his former fiancée Mariah Carey last year in September. And James Packer was reportedly nowhere to be seen when a three-day family festivity was held in Aspen for ex-wife Erica ...
Posted: August 18, 2017, 6:17 pm

Car dealer Anthony Warren renting James Packer’s pad for $7000 a week

Car dealer Anthony Warren and his wife Briony have joined the Bondi Beach set, renting the beachside complex of casino mogul James Packer. Sources say the four-storey residence with its panoramic views of the beach, four bedrooms, six bathrooms, gym, home ...
Posted: August 11, 2017, 7:15 am

Packer cuts ties with Contango Asset Management

James Packer's Consolidated Press Holdings officially severed ties with Contango Asset Management earlier this month, according to sources. The move is part of a broader step back by Packer from Pacific Point Partners, which he jointly set up with ...
Posted: August 21, 2017, 12:10 pm
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