James Packer
James Packer
As of May 2023, Packer's net worth was assessed as A$4.95 billion by the Financial Review Rich List, ranking him as the eighteenth-wealthiest Australian; he was the richest person in Australia in 2006 and 2007. Forbes Asia) magazine assessed Packer's net worth at US$3.6 billion in January 2019, the ninth-richest Australian. In June 2022, the Federal Court approved Blackstone's takeover of Crown Casinos, delivering Packer A$3.36 billion in exchange for his 37 percent stake in the company, which he has been involved with since 1999. Packer has an investment in ADH TV, although the total value is unknown.
Early life and education
James Packer was born in Sydney, the son of philanthropist Roslyn (née Weedon) and media mogul Kerry Packer. His grandfather was the media proprietor Sir Frank Packer. Packer was educated at Cranbrook School in Bellevue Hill, Sydney. After obtaining the Higher School Certificate) (HSC) at Cranbrook, he began working at his father's extensive Newcastle Waters cattle station in the Barkly Tableland of the Northern Territory, where he was a jackeroo). Packer has stated he did not attend university as he "didn't have the marks". His mentors, he has said, include his father and corporate executive Albert J. Dunlap.
Early internet investments
Following the dotcom crash of 2000–2001, Packer acquired stakes in the online classified sites Seek and Carsales.com, believing that newspaper companies relying heavily on classified advertising were vulnerable to online companies in categories including employment and vehicle listings.
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