He was educated at Sydney’s Cranbrook boarding school. 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. Quotations by James Packer, Australian Businessman, Born September 8, 1967. He’s expanded the label to launch RatPac Television, RatPac Documentary Films and RatPac Press. Enjoy the best James Packer Quotes at BrainyQuote. 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. Packer is currently building a house in the Mexican resort town of Carbo San Lucas, scheduled for completion next year, which will put him closer to Baxter and his three kids, who live in Los Angeles.ĭespite beaming in from IJE to last year’s NSW inquiry into Crown’s casino licence, while floating off Tahiti, Packer has spent much of the past 12 months dividing his time between LA and Colorado.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. However it is thought his sale of IJE has more to do with personal arrangements than financial emergency. Burgess YachtsĬrown’s travails, alongside COVID-19, have dented the value of Packer’s stake, with its shares closing at $9.52 on Wednesday, $3 per share beneath pre-COVID levels. James Packer’s superyacht, IJE, is for sale for $282 million. Packer has nearly completely retreated from public business life. He no longer is a board member of any company in his native country. ![]() Crown Resorts, his 37 per cent stake in which represents the majority of his wealth, is battling to retain its licences for the casinos it operates in Victoria and WA, and must still convince NSW regulators it is fit to run the high-roller facility it planned at Sydney’s Barangaroo. Billionaire and former fiancé of Mariah Carey, James Packer, has resigned from the directorships of 22 companies in Australia over the past few weeks. Australian billionaire James Packer has been spotted with a trio of supermodels Maja Malnar, Nera Lesic and Mom Mikki partying on his superyacht as it sailed through Mykonos, his longtime girlfriend Kylie Lime, nowhere to be seen.
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