Net Worth & Profile
James Packer Biography and Net Worth
James Packer, an Australian billionaire, is the son of media tycoon Kerry Packer and Roslyn Packer. He is also the grandson of Sir Frank Packer.
Who is James Packer?
James Packer, an Australian billionaire, is the son of media tycoon Kerry Packer and Roslyn Packer. He is also the grandson of Sir Frank Packer.
Bio Data
| Name | James Packer |
| Gender | Male |
| Date of Birth | Sep 8, 1967 |
| Age | 56 years old |
| Place of Birth | Sydney |
| Profession | Businessperson, Investor, Film Producer |
| Nationality | Australia |
| Net worth | $3.7 Billion |
James Packer Biography
James Packer, born September 8, 1967, in Sydney, Australia, comes from a wealthy background. His father, Kerry Packer, was a media magnate, and his mother, Roslyn, was known for philanthropy.
He attended Cranbrook School but didn’t pursue higher education due to average grades. Instead, he gained hands-on experience at his father’s Newcastle Waters Station, working as a jackeroo.
Career
Packer wisely invested in online classified sites SEEK and Carsales after the dot-com bubble burst in the early 2000s, He foresaw the vulnerability of newspaper companies heavily reliant on classified ads. His $33 million investment in SEEK’s 25% stake yielded a staggering profit of over $400 million in just six years.
Packer’s family company, Australian Consolidated Press, secured a 41% stake in Carsales for $100 million, which later ballooned to a value of $462 million.
Packer’s significant venture, Crown Resorts, emerged in 2007 as his family’s company divested its gambling assets. Crown now oversees sprawling resorts like Crown Melbourne and Crown Perth, featuring thousands of rooms, gambling areas, pools, and entertainment facilities. While their attempt to enter the Las Vegas gambling market in 2008 led to a total loss, successes followed with acquisitions like London’s Aspinall Club in 2011 and a fruitful partnership with Betfair Group in 2014.
Additionally, he stepped down as Crown Resorts’ executive chairman. In 2022, American investment firm Blackstone acquired Crown Resorts, earning Packer $3.36 billion for his 37% stake. Another venture is the telecommunications company One. Tel, partially owned by Packer’s family, faced insolvency in 2001, costing his company $327 million.
Packer also achieved success with RatPac Entertainment, a film production company he co-founded in 2012. They financed the Academy Award-winning film Gravity before Packer sold his RatPac shares in 2017.
Net Worth
James Packer an Australian businessman has a net worth of $3.7 billion, inherited Consolidated Press Holdings from his father. Since 2005, he’s shifted focus to gaming and gambling. Packer led major companies like Crown Resorts, later acquired by Blackstone.
Personal Life
Packer’s romantic journey included dating model Kate Fischer, They were briefly engaged before parting ways.
He then married Jodhi Meares in 1999, but they divorced in 2002. In 2007, Packer wed Erica Baxter, and they had two daughters and a son. However, they separated in 2013. Packer briefly engaged singer Mariah Carey in 2016.
FAQs
Q: Who is James Packer?
A: James Packer is an Australian billionaire businessman and investor. He comes from a prominent media family, being the son of Kerry Packer, a well-known media mogul.
Q: What is James Packer’s net worth?
A: James Packer’s net worth is estimated to be around $3.7 billion.
Q: What are some of James Packer’s notable ventures?
A: James Packer has been involved in various businesses, including leading Consolidated Press Holdings Limited and Crown Resorts. He is known for his investments in the gaming and gambling industry.
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