Kerry Packer Net Worth

Kerry Packer Net Worth A$6.5 Billion ($5.77 B USD)

Born on December 17, 1937, Kerry Packer spent his life working in the media industry. The family's company owned a controlling interest in the Australian Consolidated Press and Nine Television network. Although he is famous for his brash statements, Packer also developed a name for his gambling habits and numerous disputes with the Australian Taxation Office. 

kerry packer

Upon his death in December of 2005, Kerry Packer had an estimated net worth of $6.5 billion Australian dollars. As a member of a media family, Kerry Packer grew up surrounded by news and media. His father, Sir Frank Packer, worked as an Australian media proprietor. In school, Kerry Packer participated frequently in sports, but fared poorly in academics. Once his father died in 1974, the family estate passed to Kerry because his older brother had been involved in a dispute with Sir Packer for two years.

kerry packer

Until Kerry died in 2005, he held 37 percent of the shares in Publishing and Broadcasting Limited. Outside of media, Packer ran and became involved in casinos and tourism outlets. He was known for being an astute businessman. In addition to his media activities, Packer is famed for starting the World Series of Cricket and as one of the largest land owners in Australia. 

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References:

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