James Packer

James Packer is an Australian gaming mogul and son of the late media tycoon, Kerry Packer. In the Forbes Billionaire List 2013, Packer is ranked as the 3rd richest person in Australia, and the 198th richest person in the world with an estimated net worth of $6 billion.

Quick Facts

Net Worth: $6 Billion (As of March 2013)

Source: Gaming, Inherited

Born: September 8, 1967 (Age 46)

Nationality: Australian

Residence: Bondi Beach, Sydney, Australia

Marital Status: Married 

james packer

Background

James Packer was born on September 8, 1967 to Kerry Packer, a media tycoon, and Ros Packer. After his father’s death in 2005, Packer inherited his family’s $5 Billion business, the Consolidated Press Holdings Limited. He however sold the company, which was built on media assets to Newscorp for $1 billion. This allowed Packer to focus on his gaming empire, Crown Ltd, a company that owns several casinos in Australia and has a shared venture in Macau. Packer is currently the Chairman of Crown Limited, which is one of the largest entertainment and integrated resort groups in Australia.

james packer father

James Packer and his late father, Kerry Packer

Packer is one of the wealthiest people in Australia and he has been ranked 3rd after Georgina (Gina) Rinehart and Ivan Glasenberg. He is also ranked as the 198th wealthiest person in the world with a fortune amounting to $6 billion. Besides being a successful businessman, Packer is also a philanthropist and runs a charitable foundation named after his father. In 2006, he seeded the foundation with $10 million. He has also been a vigilant supporter of a program that helps native Australians find their way into corporate business.

Crown Limited

After the death of his father, Packer decided to shift from his family’s traditional media businesses to focus more on building a global gambling empire, Crown. 

crown limited

This is one of the biggest entertainment and resort groups in Australia, with its businesses and investments in the integrated entertainment and resort sectors in both Australia and Macau. Parker also owns and manages a high-end casino in London known as Crown Aspinall’s. As of October 2013, Crown’s market capitalization rose to over $11 billion. Two of Crowns Australian Resorts, Crown Perth and Crown Melbourne, feature more than 2,300 hotel rooms, resort pools, signature restaurants, live entertainment venues, conventional centers, luxury spars, VIP villas and gaming areas. 

crown casino

Crown Casino Melbourne

Crown’s Australian resorts attract more than 25 million visitors annually. More than 1/3 of Crown’s revenue in 2013 was estimated to be derived from international visitors, with the majority of them from Asia.  

james packer wife

James Packer and wife Erica Baxter in happier times

Personal Life 

Parker is married to Erica Baxter, a model and singer, whom he wed on June 20, 2007. Together they have one son, Jackson Lloyd (born February 1, 2010) and two daughters, Emmanuelle Sheelah (born September 22, 2012) and Indigo (born July 27, 2008). In September 2013, James and Erica made an announcement stating that they were separating.

Interesting Facts about James Packer 

  • Besides his father, Packer’s toughest mentor has been Albert J. Dunlap.  
  • He and Tom Cruise are very good friends. 
  • He shares his birthday (September 8) with Pink (rock singer), Wiz Khalifa (Rapper), and Lionel Richie (award winning songwriter and singer) among other world renowned celebrities.
  • He was once a member of the Church of Scientology in Australia, but later on distanced himself from the church.
  • He is one of the billionaires who haven’t been lucky with love. He broke off a 2-year engagement to Kate Fischer and married a swimsuit model, Jodhi Meares, whom he later divorced 3 years later. He is now about to divorce his wife and mother of his three children.

Return from James Packer to Richest People In Australia

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)