![]() ![]() By 2012, he handed over 100% of his ownership to CVC. With plans to move into the business of tourism and international gaming, he sold out 50% media assets of Channel 9 and Australian Consolidated Press Magazine to CVC Asia Pacific. In addition, he has also built his own dynasty of gambling, and his profits have made him one of the richest men in the world.Today, he is the chairperson of the Crown Ltd., one of the biggest entertainment and resort groups in Australia.įoreseeing online classified advertisement success, Packer bought 25% stake in SEEK in 2003, an online classifieds site, which he sold out in 2009 for Australian $ 440 million. Packer’s father wanted to train him in his family business, and consequently, James began working at the Newcastle Waters Cattle Station as a trainee just after completing his high school. Successor of a powerful Packer empire, James carried forward his family’s business, and has been efficiently managing Consolidated Press Holdings Limited ever since. Forbes Asia calculated Packer’s net worth at US $ 4.7 billion, which made him the 4 th wealthiest person in Australia. Consolidated Press Holdings Ltd controls investments in several businesses, including Zhoapin Pty Ltd, RatPac-Dune Entertainment and Crown Resorts. He was educated at Sydney’s Cranbrook boarding school.Son of a media magnate, Kerry Packer, James Packer is an Australian businessman, who got control of his family company in inheritance. Prior to joining RatPac, Packer developed and then largely divested from his family’s media holdings in favor of growing his casino and gaming assets. And despite his reported 6’6” height and imposing physique, Packer hasn’t been afraid to show a sensitive, emotional side when discussing failures such as the 2001 collapse of the Australian telcom One.Tel. RatPac and Warners have partnered with China Media Capital on both a Chinese capital fund and creative fund to target further opportunities on the growing market.Īll of this has helped him escape the shadow of his larger-than-life dad, the late Aussie media tycoon Kerry Packer, not to mention the spectacle of his recently cancelled engagement to diva Mariah Carey. ![]() Packer’s eye is now very focused on China, where his Crown Resorts casinos have gained him a big chunk of his fortune. He’s expanded the label to launch RatPac Television, RatPac Documentary Films and RatPac Press. ![]() Pictures, beginning with the blockbuster “Gravity.” Packer sold his stake in RatPac in April 2017, but his financial maneuvering helped prop up the company before he exited.Įssentially replacing the departing Legendary Entertainment’s deal with the studio is just one of Packer’s big moves. But his biggest move was partnering with Dune Entertainment and, in September 2013, entering into a reported four-year pact valued at up to $450 million to fund as many as 75 features with Warner Bros. chairman co-financed the Oscar-winning “Birdman” and “The Revenant” with New Regency. Through RatPac, the Consolidated Press Holdings Pty Ltd. Since emerging from Down Under to found RatPac Entertainment with Brett Ratner in late 2012, Aussie billionaire James Packer quickly transformed from casino/resort magnate to major Hollywood player.
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