#291

James Packer

$5.2 Billion
Age
:
47
Source
:
casinos
Gender
:
Male
Residence
:
Sydney, Australia
Marital Status
:
Divorced
Children
:
3
Citizenship
:
Australia
Description :

James Packer severed his family's deep ties to the media business in 2012 when he sold pay-TV company Consolidated Media Holdings to News Corp, pocketing $1 billion. That left him to focus on his gaming empire Crown Ltd., which owns casinos in Australia and has a joint venture--Melco Crown Entertainment--in Macau and Manila with billionaire Lawrence Ho. Packer inherited a $5 billion business when his father Kerry Packer died in late 2005. The family fortune was built on media assets. James operates a charitable foundation named for his father. He seeded it with $10 million in 2006. He has been a strong supporter of a program to help indigenous Australians move into corporate jobs. He owns Los Angeles film company RatPac Entertainment with Hollywood director Brett Ratner.

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