bizbilla
World Top Billionaires

#291 James Packer

$5.2 Billion

Gender
:

Male

Age
:

47

Source
:

casinos

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.