Who is James Packer and what is his net worth 2018? James Packer is a businessman from Australia who is the son of Kerry Packer. He has inherited his family’s company and is also an investor. He has been ranked as the seventh richest man in Australia by ‘BRW Rich 200’. During 2006 and 2007, Packer was the richest man in Australia. He has served as the former executive chairman of PBL (Publishing and Broadcasting Limited) and Consolidated Media Holdings. He has got investments in Zhaopin Pty Ltd., Crown Resorts, and many other companies. He owns the company ‘Consolidated Press Holdings Limited’.
James Douglas Packer was born on September 8, 1967, in Sydney Australia. He is the son of Kerry Packer, Media Mogul and Roslyn Packer. He is the grandson of Sir Frank Packer who was the media proprietor. He went to Cranbrook School located in Bellevue Hill, Sydney. After earning his HSC (Higher School Certificate) in Cranbrook, Packer used to work in the cattle station of his father located in Northern Territory.
He did not attend any university as he had a shortage of grades. His mentors include Albert J. Dunlap and his father. Packer has been involved in his family business right from the beginning of his career.
He was engaged to Kate Fischer for two years. They separated in 1998. In October 1999, James Packer got married to Jodhi Meares. They divorced in 2002. In 2007, he got married to Erica Baxter. Together they have three children named Emmanuelle Sheela, Jackson Lloyd, and Indigo. The couple separated in 2013. From January 2016 to October 2016, Packer was engaged to Mariah Carey. His uncle is Clyde Packer.
James Packer is the chairman of one of Australia’s largest resort and entertainment groups called ‘Crown Limited’. In 2013, the company’s market capitalisation has been estimated more than A$11 billion. It attracts more than 25 million visitors in a year. Crown holds an equity interest of 33.7 in Macau’s gaming group MCE (Melco-Crown). In 2001, Packer acquired the stakes in CarSales and SEEK, after the dotcom crash.
In 2003, he bought a 25% stake worth A$33 million in SEEK. Six years later, his stakes were worth A$440 million. For CarSales, the deal was made at A$100 million in 2005. It was later worth A$462 million. In 2001, he was the director of One. Tel, which is a telecommunications company in Australia. Following the death of his father, Packer has taken over his family business. In October 2013, the market capitalisation of his company was valued at $11 billion.
The company Crown owns the resorts Crown Perth and Crown Melbourne. In 2010, he bought a stake of 18% in Network Ten. A year later, he made an investment worth A$80 million in the websites Catch of the Day and Scoopon. He is also the co-founder of ‘RatPac Entertainment’ along with Brett Ratner. He bought 37.5 % shares of Peter Holmes à Court.
James Packer is a billionaire and has featured many times in the list of richest Australian by Forbes and BRW.
James Packer Net Worth
By taking over his family’s business, James Packer has gone to accumulate massive wealth for himself. He has featured in many wealth lists. James Packer’s net worth is an estimated $4.2 billion. He inherited his fortune after his father’s shares were transferred to him, following the death of Kerry Packer.
In 2007, his net worth was an estimated A$7 billion. He was the riches Australian in 2006. He held this position again in 2009. Currently, he is the 6th richest person in Australia. He owns residential properties in Bellevue Hill and Bondi Beach. His company MCE owns Altira Macau and City of Dreams in Macau. The company also has owned subsidiary in the Philippines.
James Packer is also a philanthropist and has made several contributions to the Australian community. He is a member of this family foundation called ‘Packer Family Foundation Board’. He also serves on the ‘Crown Resorts Foundation’. He is the founder of ‘National Philanthropic Fund’. In 2014, he was involved in a public physical brawl.