James Packer - Richest Celebrities

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Wednesday, December 9, 2015

James Packer

                                                     James Packer Net Worth
Son of legendary media tycoon Kerry Packer inherited $5 billion empire after dad’s death in 2005. The Packer name had been linked to free-to-air television in Australia for decades, but he appeared to abandon the sector.Quick to put personal stamp on business, had spun off media assets and bet on gaming business Crown, which started trading in December 2007. However, Packer shocked the market in October 2010 by buying a $280 million stake in broadcaster Ten Network, then soon after selling half the stake to Rupert Murdoch’s son Lachlan Murdoch and getting a board seat.

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