Son of a media magnate, Kerry Packer, James Packer is an Australian businessman, who got control of his family company in inheritance. Consolidated Press Holdings Ltd controls investments in several businesses, including Zhoapin Pty Ltd, RatPac-Dune Entertainment and Crown Resorts. Forbes Asia calculated Packer’s net worth at US $ 4.7 billion, which made him the 4th wealthiest person in Australia. Successor of a powerful Packer empire, James carried forward his family’s business, and has been efficiently managing Consolidated Press Holdings Limited ever since.
Packer’s father wanted to train him in his family business, and consequently, James began working at the Newcastle Waters Cattle Station as a trainee just after completing his high school. In addition, he has also built his own dynasty of gambling, and his profits have made him one of the richest men in the world.Today, he is the chairperson of the Crown Ltd., one of the biggest entertainment and resort groups in Australia.