Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# James Packer

Random fact: Mentored by Al 'Chainsaw' Dunlap, former CEO of Sunbeam.

Overview

Packer is the largest shareholder of Crown Resorts, operator of Australia's biggest casino. The Melbourne-based gambling and entertainment business also operates facilities in Perth and London, and is building a six-star resort in Sydney. It reported revenue of A$3.3 billion ($2.5 billion) in the year to June 30, 2017.

As of April 26, 2018:
Last change ()
YTD change ()
Industry Entertainment
Biggest asset N/A
Citizenship Australia
Age 50
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

James Packer's net worth of can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Biography

Birthdate: 9/8/1967
Family: Separated, 3 children

James Packer was born into a media dynasty started by his grandfather, Frank Packer, and father, Kerry. The family's fortune was built through media company Publishing and Broadcasting, owner of Australia's biggest magazine publisher, which prints Sydney's Daily Telegraph, Women's Weekly and other titles.

Kerry Packer was a gambler who opposed investing in casinos until 1999, when his son convinced him to buy Crown Casino, Australia's largest gambling company. The Packers teamed up with Hong Kong tycoon Stanley Ho to expand in to Macau in 2004, the year before Kerry Packer died.

James inherited the family business at 38 and within three years had sold most of its broadcasting and publishing stakes, as well as its cattle ranches, for more than $5 billion. He used the funds to build the stake in Crown, and became the company's controlling shareholder in December 2012.

Packer's expansion plans for Crown include a six-star casino in Sydney, which received backing in 2013 from the state government of New South Wales. Crown has two casino resorts on Macau through a joint venture with fellow billionaire Lawrence Ho.

Milestones
  • 1967 James Packer born in Sydney to media mogul Kerry Packer.
  • 1985 Works as 'jackeroo' trainee at cattle station in lieu of college.
  • 1996 Becomes managing director of Publishing and Broadcasting Ltd.
  • 1999 Completes $1.5 billion purchase of Crown Casino, Australia's biggest.
  • 2004 Starts Macau casino venture with Lawrence Ho.
  • 2006 Sells half of PBL to CVC, sheds 25 percent more in 2007.
  • 2013 Wins government approval for casino on Sydney's harbor.
  • 2017 Returns to the board of Crown Resorts.