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.
Net Worth: $6 Billion (As of March 2013)
Source: Gaming, Inherited
Born: September 8, 1967 (Age 46)
Residence: Bondi Beach, Sydney, Australia
Marital Status: Married
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 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.
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.
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 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 and wife Erica Baxter in happier times
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